Treaty Energy Corp. (fka TECO)

[pennystockpro1]

I agree ...

that TECO has a long way to go. After all, there's a reason the stock is trading at 1.5 cents. I do feel they are finally on the right track though. These are the first two wells; they need many more. The decision to go after leases with new well potential is a much better strategy in my opinion. It would have been nice for them to realize that sooner, but at least they are willing to alter their strategy when they realize it's the right decision.

I don't agree with the assessment that Treaty doesn't seem to have any immediate plans to drill somewhere else. They have hinted at future plans on their Facebook page and their recent US Fuels PR mentioned several leases. My guess is we won't hear much on another lease until Mitchell #4 is completed, but hopefully by end of next week or the following week they will let us know where they are headed next. Once they get rolling more, we'll see more work in parallel, but for now I expect it to be somewhat serial.