Treaty Energy Corp. (fka TECO)

[Belize Oilwatch]

Exploration is a risk business.

Normal chance of success is 1 in 10 wells.

The chance of success can be increased by the application of good technology and studies by experienced geologists and engineers showing good judgement - unfortunately IMO Treaty is severely lacking in this expertise.

Without this expertise and application of appropriate exploration techiques, like seismic, you've got more chance of a Mercedes owner finding oil on their garage floor than finding oil in exploration wells. IMO.

You can always get lucky and beat the statistics. In Belize Treaty have not done enough to see whether this is or isn't the case. I hope they will soon.

On 10K it'll be there when it's issued. I am not holding my breath on this one as I would have been dead already.