Treaty Energy Corp. (fka TECO)

[blindinvestor]

investtoski, while I might agree with your high of .60, I think you might be surprised at your low of .05 being eclipsed pretty good. Remember that Treaty only needs about 125BOPD to hit the magic of cashflow positive for normal operations. Obviously that doesn't include extra well drilling, but it's the same for any startup company in that arena. It is not only hoped for but anticipated that west Texas will have at least three wells drilled by yearend and reworks on several others that will allow Treaty to produce about 100BOPD. And the Madaley is being horizontaly drilled out about 800' from center and Treaty expects that production to probably exceed 200BOPD. If Belize's first two wells come in with perhaps 100BOPD total, then the company would have something north of 400BOPD and that would make them a positive cashflow company even with royalties, taxes and any outside expenses. When you check the timelines for the average BB company to reach cashflow positive, I should think that Treaty would begins to move up the ranks of viable companies when they become cashflow positive, and that should happen pretty soon. Keep the faith.