Treaty Energy Corp. (fka TECO)

[Belize Oilwatch]

New World Oil vs. Treaty PPS Difference Why?

I think it's a matter of the number of lower number of shares issued by New World Oil (249 million fact New World Oil end 2012 Financials) than Treaty (813 million fact Treaty end 2012 Financials)

and because:

- New World Oil are a company focused on international oil exploration (a high cost, high risk, high reward business) where the chance of wells being dry holes is understood and best exploration technology is applied to reduce the chance of them. IMO

- Treaty are a company focused on infill drilling in existing marginal oilfields (a low cost, low risk, low reward business which can't be extrapolated to international wildcat oil exploration) where dry holes are not expected and where little exploration technology is applied to reduce the probability of them. IMO

Cheers
Belize Oilwatch