Treaty Energy Corp. (TECO.PK) Gains Continue On Oil Discovery

Finding a good Penny Stock to buy is like striking oil which is exactly what Treaty Energy Corp. (OTCBB: TECO.PK) did earlier this week on the Stann Creek Field in Southern Belize.

TECO closing price yesterday was $0.0975, up 18.18% (+0.015).
TECO traded volume of 13,372,676.
TECO is trading:

  • $0.0535 above its 20 day moving average
  • $0.0475 above its 10 day moving average
  • $0.0345 above its 5 day moving average


Treaty Energy Corp. engaged in the acquisition, development and production of oil and natural gas. Treaty acquires and develops oil and gas leases which have “proven but undeveloped reserves” at the time of acquisition. These properties are not strategic to large exploration-oriented oil and gas companies. This strategy allows Treaty to develop and produce oil and natural gas with tremendously decreased risk, cost and time involved in traditional exploration.

COO of Treaty Energy Corp. claims drilling samples from Princess/Treaty Well #2 on the Stann Creek Field confirms that the pay is a residual lime. Lime has to be treated to enhance oil recovery. The porosity was estimated to be from 8-12% which is about average for a successful lime play well.

TECO shares have taken off this week and should continue as the money in oil and gas is in the drilling, not in the refining.

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