Treaty Energy Corp. (fka TECO)

[Belize Oilwatch]

Shareholders may be aware of past mistakes that doesn't mean they're happy with them or people have been held accountable for them yet.

As a penny start up Treaty have less money than a $10t market cap company to squander. But despite that I have seen a lot of careless spending by Treaty in the past.

Treaty only have so much money to play with and money wasted away in the past means less money to invest in the future and probably leads to more money being borrowed against the future meaning Treaty shareholders will get less if exploration efforts are successful and when field reactivation efforts add extra oil production.

In my view, the quality of a company's management should be judged on actual delivery not promises of a rosier future.