Treaty Energy Corp. (fka TECO)

[Belize Oilwatch]

Comparing Treaty to real oil companies must be done.

This is what my oil company did last year:
"We drilled 17 exploration wells – two years ago we were drilling about eight. And we had seven commercial discoveries.” They include discoveries in Angola, Brazil, Egypt, the Gulf of Mexico and India."
See - Bob Dudley hails ‘best year for exploration in a decade’ at BP

What did Treaty do?
Partially drilled one exploration well - found Nada.
This information is not taken fromTreaty Energy website Belize Operations which still says that the status of San Juan 3 is drilling, but is taken from Channel 5 News Belize 17th December 2013 which states "All the machinery has gone" (the rig and ancillary drilling equipment is no longer at the wellsite) and "They didn't find oil" (They drilled a dry hole).

I admit that my company, which initially was totally focussed on wildcat exploration, took 7 years from first investment to positive cashflow.

But companies like Treaty Energy Corporation in the USA who focus on infill drilling in existing fields should reach positive cashflow in one or two years according to current information on investment opportunities in oil and gas, as those investments have very different risk/reward characteristics to wildcat exploration.
See Oil and Gas Investments Home Page

Cheers
Belize Oilwatch

Just facts from Belize