Treaty Energy Corp. (fka TECO)

[geopressure]

"By the way, Can anyone explain why New World Oil currently has a pps of $.67 and I can't find any information saying they have ever produced a single drop of oil. How is that share price justified much less the $14.00 pps they had around November of last year?"

Their share price is irrelevant unless you also consider the number of outstanding shares. You cannot use share price alone compare a company with 250MM outstanding shares to a company with 2 Billion outstanding shares… Market Cap would be a more appropriate means of comparing the companies - it is just commonsense.

NWO's high market-cap to production ratio is due to their prospects being rather large…

Whereas Treaty's wells target virtually no possible reserves due to poor quality leases & concessions. Sadly, TECO does not have enough experience to realize their low quality. There is a lot of oil out there yet to be discovered, but you are not going to find it by throwing a dart at a map in Belize, or by drilling 2K foot wells in a densely drilled area of West Texas. Unfortunately, TECO finds it more important to hire a Public Relations Person than to hire a geologists...