Replies to post #60879 on Treaty Energy Corp. (fka TECO)

[ez57]

Totally agree we need to continue to pound in West Texas and increase production. They also need to file all necessary reports. Those timely fillings will bring in new investors.

I was also skeptical with Belize. But I do feel that the sj3 may have hit oil. Why would they continue to spend money cementing and swabbing this well? I am sure that they are not flushed with money.

[kanola]

Coinhunter - Treaty is sitting on 5 - 6 M Barrel Reserve of Crude in Belize. At today's oil prices that would be valued at $ 500 Million.
The estimated barrels to be recovered per day, I've heard the figures of 150 - 500, from a very reliable source. So IMO I can see why thye want to complete the well and begin selling that oil. For me, if htey get 1 BOPD I would be satisfied. That would put to rest the fake oil find claim.

Just posting the facts