RE:RE:RE:RE:Well tex
If Treaty Creek is a flop, then Teuton will have to find another way to raise the share price. Presumably this means either a severely dilutive financing or more joint ventures.
My earlier comment was cautionary. If Treaty Creek is to be a success, I assume Teuton will be worth much more than it is right now and at that time we could have a financing to drill elsewhere without severely altering the current share structure. Conversely, if we had a financing at 15 cents or 20 cents, any extensive drill program would gut the current share structure. Perhaps we'd find something and perhaps we wouldn't, but if we didn't, we'd be hearing the Sirens' call for another rollback.
So why risk everything right now on drilling the "wildcats" when we know we're in store for a bundle of assays that could make our Treaty Creek percentage worth more than enough to maintain our share structure and drill this wildcats without damaging our share structure.
I think the conservative approach is preferable here and if it means waiting even longer than what we've endured so far, then so be it. This approach will be vindicated, if the Treaty Creek assays are any good, but if the the assays are lousy, we'll have to dilute or find new joint venture partners for the wildcats. In the meantime, you and I have to survive; hence, the gym and avoiding the Crisco.