Profitspls, I'm really not expecting much in the 10K quite honestly. However, even though they have made the deal with Princess on the Paradise concession this quarter, they will be required to include the particulars of it since it effects more than 10% of the company. Having said that, I don't expect the financials to lend much to anything, as the real picture is going to be what is going to happen in Belize and Texas. TECO is similar to a company building a hotel. First you have to acquire the land (concessions), then deveop a plan (their business model including the financing and equipment acquisition), then put the plan into operation in the construction phase(drilling), and then complete the construction (well completion and testing). Even after that, there is marketing and sales (in both situations) that have to take place to effect the financials. So, in effect, TECO is still in a start-up mode but is well underway to completion and subsequent marketing. I find it very interesting that the company is only priced at .06. The potential is very high when you consider the probability of very nice oil production in Belize and Texas. Some companies in the public sector are carrying higher market caps with much less potential. But that's just my opinion. Realistically TECO could be producing over 2500 bbls per day by this time next year. With oil over $100, TECO's revenues could approach $100,000,000. Even after their splits, and taxes, they could bring in $25,000,000 and with a multiple of only 22 (not uncommon for a new energy company) that would give a share price potential of over $0.70. Pretty good for a one year potential. This is just my guesstimation, but highly possible.
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