Replies to post #34274 on Treaty Energy Corp. (fka TECO)

[Bronco1973]

You are aware of the drilling program in Belize, right? You do understand the concept of capitalization of future drilling activities?

Word of the day, TB......Unbiased.

Once you incorporate into your thinking, maybe the view will clear for you.

[SCHNAUSER]

Plus there are royalties and taxes that were not considered. His calculations don't hold water IMO. He better downsize to a beach blanket.

[Belize Oilwatch]

No I didn't allow for Treaty's reduced holding in the first two Belize wells and you're right to raise it.

As I posted previously Treaty only gets 18% of the revenue from the first two wells but bears 86% of the investment cost.

So IMO there is no chance of PPS exceeding 10 cents in the very unlikely event that the first two wells in Belize yield 1000 bpd.