Replies to post #69532 on Treaty Energy Corp. (fka TECO)

[Belize Oilwatch]

Yes Treaty's 2Q 2013 facts are ugly:

- Just over 1 bopd oil production ($0 net receivable after royalty and production tax reductions)

- $500,000 less assets than at end 2012 (from oilfield support equipment?)

- $4,500,000 higher liabilities than at end 2012 (mainly due to a Derivative Liability that they record for the shares sold in excess of the authorized number of shares)

Rainy day in Belize today, and TECO doing nothing here that is interesting to watch. Hence this analysis.

Cheers
Belize Oilwatch

[SCHNAUSER]

Treaty did not do any thing to try and get C&C's P5 back in the 2nd qtr and they sure didn't in the 3rd either. Now that Treaty and Jakobot have divorced they will have a real serious problem getting someone to do the dirty work. I doubt that boots has any idea of what is required. Also I wonder who will get what in the divorce settlement. I doubt anyone will ever know the truth, because no one knew the truth on the Treaty/US Fuels agreement that was to have been finalized the end of July. The situation with Treaty may get very, very ugly for them in the near future it appears.

[Russian-Trader]

That's putting it mildly.

NET LOSS (7,554,898)

TOTAL ASSETS $ 1,262,734

Total current liabilities $7,577,299 (Due 12 months or less!)


$15,132,197 IN THE HOLE.

Lokks like I was pretty close.
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