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Re: DTL post# 33071

Sunday, 06/03/2012 5:45:18 AM

Sunday, June 03, 2012 5:45:18 AM

Post# of 116863
I think you may have missed some Treaty PRs.

You quote "Treaty ... are just beginning their operations phase of the business plan"

But the facts are:
- Treaty PRs from July 2011 (11+ months ago) talk of starting the operations phase of exploration drilling in Belize.
- Treaty PRs from October 2011 (8+ months ago) talk about the completion of the Texas well rework program (I am not sure myself when that started as i have only been following Treaty's progress since their Belize activity picked up.
- Treaty PRs in March 2012 (3+ months ago) talk about immediately starting drilling in Texas on return of the rig from Belize

So - in my view - Treaty are not just beginning their operations phase, they have been in that phase for the last 12 months with very little to show for it - yet.

I hope they start performing for their shareholders soon.

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