Replies to post #30889 on Treaty Energy Corp. (fka TECO)

[10nate03]

I hope they don't but I bet they will.

[Belize Oilwatch]

IMO 6 million bbls is only based on SWAG (Scietific Wild Assed Guess)

I am not dissing you but nothing is proved in Belize yet to international oil industry standards and no reserves can be officially filed with SEC until there is more proof of them.

I have a list of 40 wells drilled in Belize by major oil companies earlier which had live or dead oil shows and which did not produce anything commercial.

So I and many other hope that Treaty have found oil reserves in Belize but they need to prove them up to get any company / shareholder value from them. IHMO..

[blindinvestor]

DTL, How do you figure that? Let's say they make $20M over the next year. And if they have 750M shares out, that equates to about .027 per share. If they did a one for ten reverse, they would have only 75M shares out and income would then be .27 per share. If you took a multiple of 20 times, certainly not uncommon for a new energy company with growth potential, then on the first instance you get a market cap of $400M+ and on the second instance you get a market cap of $400M+. What the difference? The first might give you a share price of .54 and the second might give you a share price of 5.40. Seems pretty even.