Replies to post #31822 on Treaty Energy Corp. (fka TECO)

[blindinvestor]

Treaty has the right to drill 3,400,000 acres in Belize, right? Otherwise, you are way off.

[Shizoku]

Again, you are wrong. Follow the reasoning I've laid out for you.

We are talking about total acreage rights to drill. Even if a JV company owned .0000001% it is not acreage specific. Meaning if oil is found anywhere in the millions of acres they get their share.

Now, if you want to talk profits and percentage of profits you are wrong again by stating that should be half in Treaty's case so I'll prove my point again in case you did not understand or want to understand the first time.

1. Treaty will get ALL profits till initial investment and drilling costs are paid for and they are substantial.

2. Treaty Energy owns the drilling company and is the operator and as such Treaty Energy Drilling which is a separate entity owned fully by Treaty Energy Corp and hence the shareholders will be charging for drilling and operating costs forever. Hence we will get a bigger slice of the profits.

[Running1]

Title, example; if I own 100% and
take on a partner of 10% ownership
together we now own 90% plus 10%= 100%.
Now the partnership probably has a 51%
clause in it called the controlling (interest)
Partner.
We the partnership can drill on all the property.
Go TECO.