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Post# of 116863
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Belize Oilwatch

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Belize Oilwatch

Re: tdbowieknife post# 69532

Friday, 11/08/2013 5:12:59 PM

Friday, November 08, 2013 5:12:59 PM

Post# of 116863
Yes Treaty's 2Q 2013 facts are ugly:

- Just over 1 bopd oil production ($0 net receivable after royalty and production tax reductions)

- $500,000 less assets than at end 2012 (from oilfield support equipment?)

- $4,500,000 higher liabilities than at end 2012 (mainly due to a Derivative Liability that they record for the shares sold in excess of the authorized number of shares)

Rainy day in Belize today, and TECO doing nothing here that is interesting to watch. Hence this analysis.

Cheers
Belize Oilwatch
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