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Belize Oilwatch

04/18/12 12:53 PM

#30799 RE: blindinvestor #30797

With drill crews time is money. Where are they? Expect they are on standby at Treaty shareholders expense.
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Belize Oilwatch

04/18/12 12:57 PM

#30800 RE: blindinvestor #30797

For a company not running one drill crew right now, I seriously doubt their ability to go from nothing to two drill crews operating in parallel in two different countries in such a short period.

This is why IMHO Treaty's buy and set up own drilling operation reduces their flexibility.

And I heard nothing about what happened with the drilling company sell off. Can anybody update me? Should make interesting reading in the 10-K.
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DTL

04/18/12 1:28 PM

#30803 RE: blindinvestor #30797

Management should be smart enough to PR the latest possible dates it takes to accomplish a milestone. Anotherwards if I was sure I could get it done in 2 weeks; after considering all delay scenerios; then I would still add a week and tell the public 3 weeks to XYZ. Credibility is everything and they are starting to lose it with late 10K's, etc. Holding but frustrated!
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Stiflerz28camarohemi

04/18/12 2:10 PM

#30806 RE: blindinvestor #30797

Your timeframe is interesting. Personally , i think its overshot just a touch. And i agree, always play it safe when stating a time frame with so many possible reasons for a delay. Imho, will be sooner.
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Stiflerz28camarohemi

04/18/12 3:48 PM

#30813 RE: blindinvestor #30797

Unless of course you were talking about completion and pumping. Either way, we wont have a long wait