BO, it seems that the one point about the injunction that stands out is that the GOB has claimed irrepairable harm, which I consider to mean damages not only to the GOB in lost time and tax opportunity, but for the contracted parties as well, ie., Princess and Treaty, and others. In that tone, I suspect that the GOB will win this issue and the companies will be allowed to continue without any interruption, as Treaty has been informed they can do. After all, they do have a legitimate contract made by a government official through Princess which gives them the right to drill on their co-owned concessions. As of now, it appears the Treaty drilling team has stopped drilling, but I suspect that is because they have TD, and now are readying for completion of the San Juan #3. Hopefully it will prove to be a commercially viable well and we could know for sure by the end of this month. If that well does come through for Treaty, and I'm betting it will this time from what I saw in the data presented in their conference call, and with the Mitchell #3 and #4 coming on line with proven production, and with further opportunity to continue drilling more wells in the Mitchell area, then Treaty is ramping up as a nice E&P play. I suspect the bkrptcy court decision this coming week to also be in their favor and when that is behind them, the company can then focus all of their attention to more successful moves. Get Ready!
News 
Market Data 
Discover 
