Belize operations are most certainly completing SJ3. I have no doubt and I firmly believe that oil has been found. The only question that remains is how much. The GOB is firmly and wholly in charge in Belize.
Lets review past myths. Call it Myth busting.
TECO doesn't file financials for fear of people seeing. TECO has no oil in Belize...Unknown if commercial currently. TECO has 88 missing Barrels of oil. TECO Mitchell will only produce 1 to 3 barrels. TECO is in Bankruptcy. TECO is out of business May 1. TECO stock is vapor. TECO will never drill again in Belize. TECO is spending 50k to 100k a day on SG&A TECO has toxic financing. TECO has only 400 shareholders. TECO will only receive 1/3 of a barrel, 3 or 4 months from now. TECO has suffered no damages because the stock went up after the filing. TECO is holding out information on SJ3 TECO only gets 9% of the Mitchell. TECO cannot sell any leases.
Now, I am not making this stuff up. But I feel, well, you know.LOL
Any mention of TECO only receiving 10% of the proceeds from this Mitchell is folklore and completely false.
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