Replies to post #26327 on Treaty Energy Corp. (fka TECO)

[pennystockpro1]

The 6M barrel estimate wasn't for one well. It was the estimate for the Stann Creek Field which will consist of up to 90 wells. The Stann Creek Field is one of 80 potential oil fields in the Princess concession. Go read the PR again if you need further clarification, but here is the pertinent section:

Mr. Reid, commented, "Treaty's initial analysis of the 200,000 acre 'onshore' Princess Concession includes 80 anomalies showing promise. Through early analysis we believe we have so far identified 3 possible oil bearing fields of various sizes. Treaty chose the current, Stann Creek Field, for our initial exploration wells because of its easy access by our drilling team, proximity to nearby port facilities, and it being well outside of any protected areas. Our internal analysis indicates that the Stann Creek Field covers an area of around 350 acres, and with 4-acre spacing we would expect to drill up to 90 wells in this oil field. Based on our initial findings, we estimate there are about 5,000,000-6,000,000 Barrels of recoverable oil in place in this first finding."

Also - 6M barrels is not $6M of revenue. It's over $600M.

TECO is drilling San Juan #1 right now. When there is an oil strike on the 2nd well, 15 cents is not going to contain this PPS.

[wealthypenny]