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Sunday, April 13, 2014 1:31:47 PM
Treaty's History of Fraud and Fake oil... Update 5.
Why does Treaty have a bad reputation?
Because they don't pay their bills. Contactors need to resort to legal action to get paid. Nobody likes to have to do that. It's Treaty's MO and it's BS...
Proof...
List of judgments and liens against Treaty Energy.
3 new liens and a new law suit... These against the Mitchell 1 and the Stockton lease.
Stockton lease now 4 liens deep and for close to $600,000.00...
Heartland law suit for over $400,000.00
https://docs.google.com/file/d/0B8fPIL-cKPM-eDdHM21GdmNKVjg/edit
Universal Well Services $62,482.96...
https://docs.google.com/file/d/0B8fPIL-cKPM-QjBOQllVNVJENDQ/edit
Beasley Drilling Fluids for $26,514.83
https://docs.google.com/file/d/0B8fPIL-cKPM-d2ZXM2taSk1JYzQ/edit
And David Jakobot, Treaty's Operator for the Stockton claims he also has a lien on the Stockton and that he is owed $100,000 bucks. No wonder he wants nothing more to do with Treaty Energy...
Filed by Universal well services.
The Mitchell for $5,496.39...
https://docs.google.com/file/d/0B8fPIL-cKPM-Y3Z6Qjg5aEZsM28/edit
Several of these contracts are sighed by Platon Petratos.
Since when are common investors allowed to sign contracts???
Heartland lien for $383,742.54 That would explain why their is no drilling or completion of the Stockton 3 going on. Treaty has been misleading investors AGAIN...
Also $52,500.00 of it is standby time.
Was it Treaty that said this was not a issue???
https://docs.google.com/file/d/0B8fPIL-cKPM-RGRvZFRkXzVaYVU/edit
New Treaty Judgment...
Treaty needs to pay $141,764.25 To All Energy...
https://docs.google.com/file/d/0B8fPIL-cKPM-SXl3cmlFYW11aFU/edit
Archer drilling lien, The folks that drilled the Madeley $26,785.25
https://docs.google.com/file/d/0B8fPIL-cKPM-a2Z0RDl2STcwUU0/edit?pli=1
Driller in Belize $65,000.00
https://docs.google.com/file/d/0B8fPIL-cKPM-eng2M0MzajJ1ME0/edit?pli=1
Jims rental lien, $111,810.17
https://docs.google.com/file/d/0B8fPIL-cKPM-ODdhd2dtaTVDYm8/edit?pli=1
J&L Trucking lien &3,388.00
https://docs.google.com/file/d/0B8fPIL-cKPM-SzFETUxUMndEYlE/edit?pli=1
Another J&L Trucking lien $2,653.00
https://docs.google.com/file/d/0B8fPIL-cKPM-TTdHUDhTZHhXTE0/edit?pli=1
Mud company lien $6,726.88
https://docs.google.com/file/d/0B8fPIL-cKPM-LXhxWUE1ZHlOMDQ/edit?pli=1
Recovery equipment for work on the Brown lease $18,444.83
https://docs.google.com/file/d/0B8fPIL-cKPM-N0pGaC1BTGhHUkk/edit?pli=1
Recovery Energy Judgment
https://docs.google.com/file/d/0B8fPIL-cKPM-WmxNNGhtc2l1eU0/edit?pli=1
Shack Energy Services $2,451.55
https://docs.google.com/file/d/0B8fPIL-cKPM-UmFBRDNLeXk1VEE/edit?pli=1
Shack Energy Services $2,451.55
https://docs.google.com/file/d/0B8fPIL-cKPM-UmFBRDNLeXk1VEE/edit?pli=1
New Archer Drilling Oct 4th filling
https://docs.google.com/file/d/0B8fPIL-cKPM-aktuVkFCWG5KR00/edit?usp=sharing&pli=1
Archer Drilling Exhibit A Oct 4th filling
https://docs.google.com/file/d/0B8fPIL-cKPM-RFViQmYxME1rTjA/edit?usp=sharing&pli=1
Oct 2nd Circle K judgment $27,397.40
https://docs.google.com/file/d/0B8fPIL-cKPM-NjhGZTY3NUhZcm8/edit?usp=sharing&pli=1
Treaty also owes Princess Petroleum and the Government of Belize money. Treaty owes the TRRC like $16,000.00 in fines and the Barnes land owner an estimated $70,000.00 in damages as well as the cementer $ 65,000.00. Treaty also still needs to plug the mine well, that is another $60,000.00 - $70,000.00. I'm sure there are many others Treaty has screwed along the way as well.
News about the Inspire group...
These guys are all Crooks too...
Paul Henley FINRA report... Not good and many mentions of fraud and non-disclosure and misrepresentation... He is also no longer licensed.
https://docs.google.com/file/d/0B8fPIL-cKPM-UlkzSjQ3QzJwWnM/edit
And Bo Ritz. Same kind of stuff and also no longer licensed...
These guys will make a swell fit with Treaty Energy.
https://docs.google.com/file/d/0B8fPIL-cKPM-cVhJWTVocloxWG8/edit
And Bo's Ritz BK case...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98887253
John Bell has knowingly filed many fraudulent H-15 test reports to the TRRC. That's a very good way to piss them off.
From the Master Default Order...
18. On July 31, 2008, Respondent filed Commission Form H15 (Test On An Inactive Well More Than 25 Years Old) with the Commission showing that: (1) Well No. 1 of the Christian, L. (06930) Lease was tested on June 17, 2008 and had a fluid level of 1380'; (2) Well No. 2 was tested on June 17, 2008 and had a fluid level of 1380'; (3) Well No. 4 was tested on June 17, 2008 and had a fluid level of 1410'; (4) Well No. 5 was tested on June 17, 2008 and had a fluid level of 1410'; (5) Well No. 7 was tested on June 17, 2008 and had a fluid level of 1410'; and (6) Well No. 9 was tested on June 17, 2008 and had a fluid level of 1410'.
19. Each Commission Form H-15 (Test On An Inactive Well More Than 25 Years Old) referenced above was certified by Respondent to have been prepared by it or under its supervision and direction, and that the data and facts stated therein to contain true, correct and complete information to the best of Respondent’s knowledge as evidenced by the signature of its Trustee, John F. Bell.
20. On August 11, 2008, the Commission conducted its own fluid level tests of Well Nos. 1, 2, 4, 5, 7 and 9 of the Christian, L. (06930) Lease and found the following fluid levels: (1) 0' for Well No. 1; (2) 290' for Well No. 2; (3) 600' for Well No. 4;(4) 0' for Well No. 5; (5) 0' for Well No. 7; and (6) 200' for Well No. 9.
21. By filing Forms H-15 (Test On An Inactive Well More Than 25 Years Old) with the Commission which reflected inaccurate fluid levels for Well Nos. 1, 2, 4, 5, 7 and 9 of the Christian, L. (06930) Lease, Respondent knowingly submitted forms containing information which was false or untrue in a material fact in violation of Tex. Nat. Res. Code Ann. §91.143(a)(1).
22. The Respondent has not demonstrated good faith since it failed to timely plug or otherwise place the subject leases and subject wells in compliance after being notified of the violations by the District Office and failed to appear at the hearing to explain its inaction.
http://www.rrc.state.tx.us/meetings/ogpfd/6E-60807-DEF.pdf
The theft case against John Bell...
https://docs.google.com/file/d/0B8fPIL-cKPM-VUx5SUNqV3ltNjQ/edit
Paul Henley Judgment and another P-5 with a TNR 91.114 flag on it with his and John Bells name on it...
Judgment for $295,821.70... Seems some retirement money went somewhere it wasn't supposed too...
https://docs.google.com/file/d/0B8fPIL-cKPM-WUZTVVAzcC1zQTA/edit
HP Operating Here
And another two delinquent P-5's connected to Inspire. All 3 have TNR 91.114 Flags on them...
Glade Operating Here (John Bell)
Xtreme Operating Here (Heritage Oil)
Treaty also has serious TRRC compliance issues.
Proof...
Master Default Order for Non-compliance...
http://www.rrc.state.tx.us/meetings/masterdefault/new/2012/12-04-12-mdo.pdf
TRRC order to plug 8 wells on the McComas lease.
https://docs.google.com/file/d/0B8fPIL-cKPM-dmVRWXota1d1eXM/edit
Treaty's new and the second Master Default Order...
Treaty didn't bother to show up for this one either...
http://www.rrc.state.tx.us/meetings/ogpfd/7B-82750-DEF.pdf
http://www.rrc.state.tx.us/meetings/masterdefault/new/2014/01-07-14-mdo.pdf
Turns out the February 14th "Newsletter" about the McComas Hearing was complete bullshit just as suspected...
The only thing true was that Sean Douglas and a lawyer was at the hearing and apparently didn't have a clue. The hearing was for Treaty to show cause of a good faith claim to having a valid lease on the McComas. Treaty tried to claim they had a lease and wanted to transfer it to another entity. The McComas landowner said otherwise and proved they did not. People attending said both Douglas and Treaty's lawyer were disaster representatives and were ill prepared. There was nothing in the hearing about the Barnes lease said and there was NO AGREEMENT with anybody.
The next step in the process will be a "proposal for decision" for the commissioners to rule on written up by the TRRC enforcement attorneys.
Looks like Treaty lied again and will not be compliant until they can get past all the plugging and damage issues on both the Barnes and McComas leases.
Next to little to nothing ever turns out to be true when it come to Treaty. Treaty's nothing but a bullshitting share selling scam and will say anything to keep investors on the hook...
Investors should be furious with all the misleading information and down right lies by Treaty Energy...
This is how Bruce Gwyn the former President of Treaty Energy conducts "business"... (Resigned March 24th 2014 and now a "consultant")
http://www.nola.com/business/index.ssf/2014/02/metairie_commodity_fund_manage.html#cmpid=nwsltrhead?_wcsid=01C1CA27A5E9FDF25DDFA9AA5EB135A4BE9FB61161E00C691B89DE01E74AF513
NFA...
http://www.nfa.futures.org/basicnet/Case.aspx?entityid=0190801&case=13BCC00007&contrib=NFA
All investors and potential investors in Treaty should read this... Particularly paragraphs 12,13,14,15 and 18...
Gwyn apparently has misappropriated and used for his own expenses from these "funds" that he was managing more that $200,000.00 bucks.
http://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=3322
On June 12, 2013, NFA issued a Complaint charging L3M and Gwyn with willfully providing incomplete and misleading information to pool participants; failing to observe high standards of commercial honor and just and equitable principles of trade; and providing misleading information to NFA. The Complaint also charged L3M with failing to file a disclosure document or annual financial statement for the fund with NFA; failing to furnish participants in the fund with a financial statement; and failing to comply with CPO quarterly reporting requirements. Finally, the Complaint charged L3M, L3T and Gwyn with failing to cooperate with NFA
http://www.nfa.futures.org/basicnet/Case.aspx?entityid=0190801&case=13BCC00007&contrib=NFA
That's what the NFA has concluded. It's all right here...
http://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=3322
And the NFA has already taken action...
Andrew Reid barred from working as a broker by FINRA...
https://docs.google.com/file/d/0B8fPIL-cKPM-ZHZfaV9KSWVEQUE/edit
The Financial Industry Regulatory Authority's database indicates that Reid is no stranger to securities fraud.
In 2002, while working for Williams Financial Group in Dallas, Reid took a $10,090.58 check from a customer and deposited it in his own account rather than forwarding it to the firm. When Reid failed to respond, the National Association of Securities Dealers barred him from association with any member firm.
In 2004, Reid was accused of unsuitable trading and investing, fraud, negligence and violating state and federal securities regulations that caused $6 million in damage to investors. After arbitration, the case was settled in 2006 for $35,000.
In 2003, Reid's employer, Corporate Securities Group, filed a complaint alleging "unsuitable investment" in municipal bonds that caused more than $100,000 of damage. Arbitration is pending.
In 2001, while working for First Allied Securities in San Diego, Reid was accused of having an unexplained debit balance of $60,321.09. The case was settled for $290.
In 2001, GMS Group of New Jersey accused Reid, who worked for the firm, of making "unsuitable recommendations, misrepresentations and breach of contract in connection with their investments in certain high yield corporate debt and other securities" resulting in damages of $200,000. The case was settled in arbitration for $106,275.
http://www.nola.com/business/index.ssf/2010/12/new_orleans_newest_public_comp.html
Treaty's History of Fake Oil....
Looks like Treaty was salting the Barns lease.
And Jakobot (US Fuels) tried to pull a fast one with the TRRC... Looks a lot like fraud to me...
..
Here's the Proposal for Decision and the Statement of the case...
http://www.rrc.state.tx.us/meetings/ogpfd/7B-80369-mrc.pdf
..
Bruce A. Gwyn and Lee C. Schlesinger banned from doing business in Texas in the oil and gas business.
http://www.rrc.state.tx.us/meetings/ogpfd/7B-82750-DEF.pdf
What is Texas Natural Resource Code Section 91.114(a)(2)?
http://www.rrc.state.tx.us/compliance/enforcement/general.php
Then there is Belize!!
No oil in Belize.
New Belize Map out dated June 2013... It shows San Juan well 1 & 2 as "dry holes"... Not even dry hole with gas or oil shows but a "dry hole"...
Treaty calling them not commercially viably is very misleading. Calling them that would imply that some oil was found. The TRUTH is that NO oil was found... NOTHING.
http://estpu.gov.bz/images/GPD/Geophysical/Seismic%20Aeromagnetic%20Surveys%20and%20Wells%20Drilled%20in%20Belize%202000%20-%202013.pdf
It also does not show the Aeromagnetic Survey that Treaty started to do. That is likely because it was never completed.
Screen shot below...
Another map showing all the wells drilled in Belize. There have been some wells with oil shows to the South and West of Treaty's concession. But nowhere near where Treaty is drilling.
Treaty is drilling in the wrong area...
San Juan 3 is another dry hole as shown in this recently updated map from the Belize Geology and Petroleum Department, the same as 1&2 which are only a mile to the south. Like I have said before Treaty went in the WRONG direction in choosing the drilling site for San Juan 3.
No oil in San Juan 3...
http://estpu.gov.bz/images/GPD/Geophysical/Seismic%20Aeromagnetic%20Surveys%20and%20Wells%20Drilled%20in%20Belize.pdf
Screen Shot Below...
That brings something else to mind... How in the heck does Treaty get a claim of 6 million barrels from a dry hole???
It looks as if the whole Belize thing is nothing but a ruse to sell shares.
Wonder what the SEC thinks of this PR about a dry hole??
http://ih.advfn.com/p.php?pid=nmona&article=50943326
All complete Treaty BS...
And how does Treaty report in a 8-K a "pay zone" in a dry hole???
http://www.sec.gov/Archives/edgar/data/1075773/000135448812000365/teco_8k.htm
More Treaty BS...
The Belize Geology and Petroleum Department says the well was a dry hole without ANY gas or oil shows. Soooo it now appears that Treaty was in fact very misleading in reporting the findings in Belize and that the Belize Geology and Petroleum Department was the reality...
Fake Belize Oil Strike in the News...
http://www.youtube.com/watch?v=NbkQouLFmuM&feature=youtu.be
http://www.youtube.com/watch?feature=player_embedded&v=SqXNtQJFg84
http://www.upstreamonline.com/live/article1231931.ece
Treaty's been deceiving investors, the public and the people of Belize all along Treaty has known for some time that they were going to plug San Juan 1,2 and 3.
Treaty has yet to make this info public....
http://edition.channel5belize.com/archives/93511
Belize was nothing but a show for investors.
Jeffrey Mercer VS Ron Blackburn-Treaty Energy
Check out Paragraphs 5,6, and 7 of this court filing from a former investor suing Treaty Energy to get is money back when he realized what Treaty was telling him was a load of BS...
https://docs.google.com/file/d/0B8fPIL-cKPM-YU5yUWxOT3ZhTjQ/edit
Treaty also makes wild claims of great things that never happen...
Proof...
Here is a list of the actual..
July 13.0 BOPD 403 Barrels For The Month
June 6.8 BOPD 204 Barrels For The Month
May 3.38 BOPD 105 Barrels For The Month
April 4.36 BOPD 131 Barrels For The Month
March 9.23 BOPD 286 Barrels For The Month
Feb. 17 BOPD 476 Barrels For The Month
Jan. 8.53 BOPD 256 Barrels For The Month
2012
Dec. 5.80 BOPD 180 Barrels For The Month
Nov. 9.83 BOPD 295 Barrels For The Month
Oct. 9.06 BOPD 281 Barrels For The Month
Sept. 9.6 BOPD 288 Barrels For The Month
Aug. 8.06 BOPD 250 Barrels For The Month
July 10.09 BOPD 313 Barrels For The Month
June 10.37 BOPD 311 Barrels For The Month
May 0.32 BOPD 10 Barrels For The Month
April 0 BOPD 0 Barrels For The Month
March 0 Treaty acquired C&C Petroleum, operator #120104
Feb 0 BOPD 0 Barrels For The Month
Jan 0 BOPD 0 Barrels For The Month
2011
C&C Petroleum Operator #120104
Production by Filing Operator
http://webapps.rrc.state.tx.us/PR/initializePublicQueriesMenuAction.do
This is what Treaty told the world and investors. All turned out to be a complete fantasy...
On 4/12/2011
"Production on these leases for the last reported month of January 2011 was 379 BBLS of sweet crude oil."
http://ih.advfn.com/p.php?pid=nmona&article=47263045
On 4/20/2011
"SHOTWELL W. F. and the SHOTWELL "C" leases.
Treaty indicated that production on these leases is currently 4.18 barrels of oil per day"
http://ih.advfn.com/p.php?pid=nmona&article=47375429
On 5/23/2011
"Mr. Reid added, "With the addition of the 8 leases announced today, I believe that Texas oil production should reach 1200 barrels in June and will grow monthly, as wells are reworked on all of our Texas leases. The goal that we have set for Treaty is to be producing at the rate of 900-1000 BOPD by the end of this year."
http://ih.advfn.com/p.php?pid=nmona&article=47788854
On 7/6/2011
"Therefore we are projecting monthly oil production for August to be about 1000 BBLS and for September to be about 1250 BBLS."
http://ih.advfn.com/p.php?pid=nmona&article=48339951
On 7/8/2011
"Stephen L. York, President and COO of Treaty Energy Corporation, stated, "With the completion of the SHOTWELL acquisition we now have 13 leases covering 1,900 acres with current production of 35-40 barrels of oil per day."
http://ih.advfn.com/p.php?pid=nmona&article=48373870
On 8/1/2011
"Mr. York commented, "These rework activities are expected to increase our oil production by 300-420 barrels per month over the next two weeks, to about 1500 to 2000 barrels per month. While our stated goal is to bring our Texas oil production to 30,000 barrels of oil per month as soon as practical, the economical steps being taken at this time are crucial to us meeting our long term goals in Texas."
http://ih.advfn.com/p.php?pid=nmona&article=48644305
On 9/8/2011
Mr. York added, "The best estimate of Texas production on the currently owned and paid for leases will be 75 to 90 barrels of oil per day after the rework of the 15 shut in wells. Our goal by the end of 2011 is to be at 200 to 350 barrels of oil per day. This production number can vary based on the number of new wells that are expected to be drilled and completed. We expect to exceed 1,000 barrels per day by the end of June 2012. At $80 per barrel, this will translate to about $29.2 million in gross revenues annually from our Texas oil production alone."
http://ih.advfn.com/p.php?pid=nmona&article=49102561
On 10/4/2011
"Our current production from 35 wells is about 50 BOPD, with production expected to be in excess of 60 BOPD by the end of October."
http://ih.advfn.com/p.php?pid=nmona&article=49409925
On 1/17/2012
"In addition, Mr. York commented, "Treaty remains on track to achieve our previously stated goal of 1000 BOPD by end of June 2012. Current production from existing wells has stabilized and with continuing work-overs we expect production to shortly increase to 1500-2000 barrels per month."
http://ih.advfn.com/p.php?pid=nmona&article=50781875
On 5/7/2012
"With drilling starting almost immediately, Treaty will endeavor to fulfill its goal of 1,000 barrels of oil per day in Texas, as stated in prior news releases."
http://ih.advfn.com/p.php?pid=nmona&article=52304074
Some other links...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100493666
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95864161
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95722393
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97676567
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98096320
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98096353
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86544706
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=99265092
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=99697077
..
..
..
Why does Treaty have a bad reputation?
Because they don't pay their bills. Contactors need to resort to legal action to get paid. Nobody likes to have to do that. It's Treaty's MO and it's BS...
Proof...
List of judgments and liens against Treaty Energy.
3 new liens and a new law suit... These against the Mitchell 1 and the Stockton lease.
Stockton lease now 4 liens deep and for close to $600,000.00...
Heartland law suit for over $400,000.00
https://docs.google.com/file/d/0B8fPIL-cKPM-eDdHM21GdmNKVjg/edit
Universal Well Services $62,482.96...
https://docs.google.com/file/d/0B8fPIL-cKPM-QjBOQllVNVJENDQ/edit
Beasley Drilling Fluids for $26,514.83
https://docs.google.com/file/d/0B8fPIL-cKPM-d2ZXM2taSk1JYzQ/edit
And David Jakobot, Treaty's Operator for the Stockton claims he also has a lien on the Stockton and that he is owed $100,000 bucks. No wonder he wants nothing more to do with Treaty Energy...
Filed by Universal well services.
The Mitchell for $5,496.39...
https://docs.google.com/file/d/0B8fPIL-cKPM-Y3Z6Qjg5aEZsM28/edit
Several of these contracts are sighed by Platon Petratos.
Since when are common investors allowed to sign contracts???
Heartland lien for $383,742.54 That would explain why their is no drilling or completion of the Stockton 3 going on. Treaty has been misleading investors AGAIN...
Also $52,500.00 of it is standby time.
Was it Treaty that said this was not a issue???
https://docs.google.com/file/d/0B8fPIL-cKPM-RGRvZFRkXzVaYVU/edit
New Treaty Judgment...
Treaty needs to pay $141,764.25 To All Energy...
https://docs.google.com/file/d/0B8fPIL-cKPM-SXl3cmlFYW11aFU/edit
Archer drilling lien, The folks that drilled the Madeley $26,785.25
https://docs.google.com/file/d/0B8fPIL-cKPM-a2Z0RDl2STcwUU0/edit?pli=1
Driller in Belize $65,000.00
https://docs.google.com/file/d/0B8fPIL-cKPM-eng2M0MzajJ1ME0/edit?pli=1
Jims rental lien, $111,810.17
https://docs.google.com/file/d/0B8fPIL-cKPM-ODdhd2dtaTVDYm8/edit?pli=1
J&L Trucking lien &3,388.00
https://docs.google.com/file/d/0B8fPIL-cKPM-SzFETUxUMndEYlE/edit?pli=1
Another J&L Trucking lien $2,653.00
https://docs.google.com/file/d/0B8fPIL-cKPM-TTdHUDhTZHhXTE0/edit?pli=1
Mud company lien $6,726.88
https://docs.google.com/file/d/0B8fPIL-cKPM-LXhxWUE1ZHlOMDQ/edit?pli=1
Recovery equipment for work on the Brown lease $18,444.83
https://docs.google.com/file/d/0B8fPIL-cKPM-N0pGaC1BTGhHUkk/edit?pli=1
Recovery Energy Judgment
https://docs.google.com/file/d/0B8fPIL-cKPM-WmxNNGhtc2l1eU0/edit?pli=1
Shack Energy Services $2,451.55
https://docs.google.com/file/d/0B8fPIL-cKPM-UmFBRDNLeXk1VEE/edit?pli=1
Shack Energy Services $2,451.55
https://docs.google.com/file/d/0B8fPIL-cKPM-UmFBRDNLeXk1VEE/edit?pli=1
New Archer Drilling Oct 4th filling
https://docs.google.com/file/d/0B8fPIL-cKPM-aktuVkFCWG5KR00/edit?usp=sharing&pli=1
Archer Drilling Exhibit A Oct 4th filling
https://docs.google.com/file/d/0B8fPIL-cKPM-RFViQmYxME1rTjA/edit?usp=sharing&pli=1
Oct 2nd Circle K judgment $27,397.40
https://docs.google.com/file/d/0B8fPIL-cKPM-NjhGZTY3NUhZcm8/edit?usp=sharing&pli=1
Treaty also owes Princess Petroleum and the Government of Belize money. Treaty owes the TRRC like $16,000.00 in fines and the Barnes land owner an estimated $70,000.00 in damages as well as the cementer $ 65,000.00. Treaty also still needs to plug the mine well, that is another $60,000.00 - $70,000.00. I'm sure there are many others Treaty has screwed along the way as well.
News about the Inspire group...
These guys are all Crooks too...
Paul Henley FINRA report... Not good and many mentions of fraud and non-disclosure and misrepresentation... He is also no longer licensed.
https://docs.google.com/file/d/0B8fPIL-cKPM-UlkzSjQ3QzJwWnM/edit
And Bo Ritz. Same kind of stuff and also no longer licensed...
These guys will make a swell fit with Treaty Energy.
https://docs.google.com/file/d/0B8fPIL-cKPM-cVhJWTVocloxWG8/edit
And Bo's Ritz BK case...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98887253
John Bell has knowingly filed many fraudulent H-15 test reports to the TRRC. That's a very good way to piss them off.
From the Master Default Order...
18. On July 31, 2008, Respondent filed Commission Form H15 (Test On An Inactive Well More Than 25 Years Old) with the Commission showing that: (1) Well No. 1 of the Christian, L. (06930) Lease was tested on June 17, 2008 and had a fluid level of 1380'; (2) Well No. 2 was tested on June 17, 2008 and had a fluid level of 1380'; (3) Well No. 4 was tested on June 17, 2008 and had a fluid level of 1410'; (4) Well No. 5 was tested on June 17, 2008 and had a fluid level of 1410'; (5) Well No. 7 was tested on June 17, 2008 and had a fluid level of 1410'; and (6) Well No. 9 was tested on June 17, 2008 and had a fluid level of 1410'.
19. Each Commission Form H-15 (Test On An Inactive Well More Than 25 Years Old) referenced above was certified by Respondent to have been prepared by it or under its supervision and direction, and that the data and facts stated therein to contain true, correct and complete information to the best of Respondent’s knowledge as evidenced by the signature of its Trustee, John F. Bell.
20. On August 11, 2008, the Commission conducted its own fluid level tests of Well Nos. 1, 2, 4, 5, 7 and 9 of the Christian, L. (06930) Lease and found the following fluid levels: (1) 0' for Well No. 1; (2) 290' for Well No. 2; (3) 600' for Well No. 4;(4) 0' for Well No. 5; (5) 0' for Well No. 7; and (6) 200' for Well No. 9.
21. By filing Forms H-15 (Test On An Inactive Well More Than 25 Years Old) with the Commission which reflected inaccurate fluid levels for Well Nos. 1, 2, 4, 5, 7 and 9 of the Christian, L. (06930) Lease, Respondent knowingly submitted forms containing information which was false or untrue in a material fact in violation of Tex. Nat. Res. Code Ann. §91.143(a)(1).
22. The Respondent has not demonstrated good faith since it failed to timely plug or otherwise place the subject leases and subject wells in compliance after being notified of the violations by the District Office and failed to appear at the hearing to explain its inaction.
http://www.rrc.state.tx.us/meetings/ogpfd/6E-60807-DEF.pdf
The theft case against John Bell...
https://docs.google.com/file/d/0B8fPIL-cKPM-VUx5SUNqV3ltNjQ/edit
Paul Henley Judgment and another P-5 with a TNR 91.114 flag on it with his and John Bells name on it...
Judgment for $295,821.70... Seems some retirement money went somewhere it wasn't supposed too...
https://docs.google.com/file/d/0B8fPIL-cKPM-WUZTVVAzcC1zQTA/edit
HP Operating Here
And another two delinquent P-5's connected to Inspire. All 3 have TNR 91.114 Flags on them...
Glade Operating Here (John Bell)
Xtreme Operating Here (Heritage Oil)
Treaty also has serious TRRC compliance issues.
Proof...
Master Default Order for Non-compliance...
http://www.rrc.state.tx.us/meetings/masterdefault/new/2012/12-04-12-mdo.pdf
TRRC order to plug 8 wells on the McComas lease.
https://docs.google.com/file/d/0B8fPIL-cKPM-dmVRWXota1d1eXM/edit
Treaty's new and the second Master Default Order...
Treaty didn't bother to show up for this one either...
http://www.rrc.state.tx.us/meetings/ogpfd/7B-82750-DEF.pdf
http://www.rrc.state.tx.us/meetings/masterdefault/new/2014/01-07-14-mdo.pdf
Turns out the February 14th "Newsletter" about the McComas Hearing was complete bullshit just as suspected...
The only thing true was that Sean Douglas and a lawyer was at the hearing and apparently didn't have a clue. The hearing was for Treaty to show cause of a good faith claim to having a valid lease on the McComas. Treaty tried to claim they had a lease and wanted to transfer it to another entity. The McComas landowner said otherwise and proved they did not. People attending said both Douglas and Treaty's lawyer were disaster representatives and were ill prepared. There was nothing in the hearing about the Barnes lease said and there was NO AGREEMENT with anybody.
The next step in the process will be a "proposal for decision" for the commissioners to rule on written up by the TRRC enforcement attorneys.
Looks like Treaty lied again and will not be compliant until they can get past all the plugging and damage issues on both the Barnes and McComas leases.
Next to little to nothing ever turns out to be true when it come to Treaty. Treaty's nothing but a bullshitting share selling scam and will say anything to keep investors on the hook...
Investors should be furious with all the misleading information and down right lies by Treaty Energy...
This is how Bruce Gwyn the former President of Treaty Energy conducts "business"... (Resigned March 24th 2014 and now a "consultant")
http://www.nola.com/business/index.ssf/2014/02/metairie_commodity_fund_manage.html#cmpid=nwsltrhead?_wcsid=01C1CA27A5E9FDF25DDFA9AA5EB135A4BE9FB61161E00C691B89DE01E74AF513
NFA...
http://www.nfa.futures.org/basicnet/Case.aspx?entityid=0190801&case=13BCC00007&contrib=NFA
All investors and potential investors in Treaty should read this... Particularly paragraphs 12,13,14,15 and 18...
Gwyn apparently has misappropriated and used for his own expenses from these "funds" that he was managing more that $200,000.00 bucks.
http://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=3322
On June 12, 2013, NFA issued a Complaint charging L3M and Gwyn with willfully providing incomplete and misleading information to pool participants; failing to observe high standards of commercial honor and just and equitable principles of trade; and providing misleading information to NFA. The Complaint also charged L3M with failing to file a disclosure document or annual financial statement for the fund with NFA; failing to furnish participants in the fund with a financial statement; and failing to comply with CPO quarterly reporting requirements. Finally, the Complaint charged L3M, L3T and Gwyn with failing to cooperate with NFA
http://www.nfa.futures.org/basicnet/Case.aspx?entityid=0190801&case=13BCC00007&contrib=NFA
That's what the NFA has concluded. It's all right here...
http://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=3322
And the NFA has already taken action...
Andrew Reid barred from working as a broker by FINRA...
https://docs.google.com/file/d/0B8fPIL-cKPM-ZHZfaV9KSWVEQUE/edit
The Financial Industry Regulatory Authority's database indicates that Reid is no stranger to securities fraud.
In 2002, while working for Williams Financial Group in Dallas, Reid took a $10,090.58 check from a customer and deposited it in his own account rather than forwarding it to the firm. When Reid failed to respond, the National Association of Securities Dealers barred him from association with any member firm.
In 2004, Reid was accused of unsuitable trading and investing, fraud, negligence and violating state and federal securities regulations that caused $6 million in damage to investors. After arbitration, the case was settled in 2006 for $35,000.
In 2003, Reid's employer, Corporate Securities Group, filed a complaint alleging "unsuitable investment" in municipal bonds that caused more than $100,000 of damage. Arbitration is pending.
In 2001, while working for First Allied Securities in San Diego, Reid was accused of having an unexplained debit balance of $60,321.09. The case was settled for $290.
In 2001, GMS Group of New Jersey accused Reid, who worked for the firm, of making "unsuitable recommendations, misrepresentations and breach of contract in connection with their investments in certain high yield corporate debt and other securities" resulting in damages of $200,000. The case was settled in arbitration for $106,275.
http://www.nola.com/business/index.ssf/2010/12/new_orleans_newest_public_comp.html
Treaty's History of Fake Oil....
Looks like Treaty was salting the Barns lease.
And Jakobot (US Fuels) tried to pull a fast one with the TRRC... Looks a lot like fraud to me...
..
Here's the Proposal for Decision and the Statement of the case...
http://www.rrc.state.tx.us/meetings/ogpfd/7B-80369-mrc.pdf
..
Bruce A. Gwyn and Lee C. Schlesinger banned from doing business in Texas in the oil and gas business.
http://www.rrc.state.tx.us/meetings/ogpfd/7B-82750-DEF.pdf
What is Texas Natural Resource Code Section 91.114(a)(2)?
http://www.rrc.state.tx.us/compliance/enforcement/general.php
Then there is Belize!!
No oil in Belize.
New Belize Map out dated June 2013... It shows San Juan well 1 & 2 as "dry holes"... Not even dry hole with gas or oil shows but a "dry hole"...
Treaty calling them not commercially viably is very misleading. Calling them that would imply that some oil was found. The TRUTH is that NO oil was found... NOTHING.
http://estpu.gov.bz/images/GPD/Geophysical/Seismic%20Aeromagnetic%20Surveys%20and%20Wells%20Drilled%20in%20Belize%202000%20-%202013.pdf
It also does not show the Aeromagnetic Survey that Treaty started to do. That is likely because it was never completed.
Screen shot below...
Another map showing all the wells drilled in Belize. There have been some wells with oil shows to the South and West of Treaty's concession. But nowhere near where Treaty is drilling.
Treaty is drilling in the wrong area...
San Juan 3 is another dry hole as shown in this recently updated map from the Belize Geology and Petroleum Department, the same as 1&2 which are only a mile to the south. Like I have said before Treaty went in the WRONG direction in choosing the drilling site for San Juan 3.
No oil in San Juan 3...
http://estpu.gov.bz/images/GPD/Geophysical/Seismic%20Aeromagnetic%20Surveys%20and%20Wells%20Drilled%20in%20Belize.pdf
Screen Shot Below...
That brings something else to mind... How in the heck does Treaty get a claim of 6 million barrels from a dry hole???
It looks as if the whole Belize thing is nothing but a ruse to sell shares.
Wonder what the SEC thinks of this PR about a dry hole??
http://ih.advfn.com/p.php?pid=nmona&article=50943326
All complete Treaty BS...
And how does Treaty report in a 8-K a "pay zone" in a dry hole???
http://www.sec.gov/Archives/edgar/data/1075773/000135448812000365/teco_8k.htm
More Treaty BS...
The Belize Geology and Petroleum Department says the well was a dry hole without ANY gas or oil shows. Soooo it now appears that Treaty was in fact very misleading in reporting the findings in Belize and that the Belize Geology and Petroleum Department was the reality...
Fake Belize Oil Strike in the News...
http://www.youtube.com/watch?v=NbkQouLFmuM&feature=youtu.be
http://www.youtube.com/watch?feature=player_embedded&v=SqXNtQJFg84
http://www.upstreamonline.com/live/article1231931.ece
Treaty's been deceiving investors, the public and the people of Belize all along Treaty has known for some time that they were going to plug San Juan 1,2 and 3.
Treaty has yet to make this info public....
http://edition.channel5belize.com/archives/93511
Belize was nothing but a show for investors.
Jeffrey Mercer VS Ron Blackburn-Treaty Energy
Check out Paragraphs 5,6, and 7 of this court filing from a former investor suing Treaty Energy to get is money back when he realized what Treaty was telling him was a load of BS...
https://docs.google.com/file/d/0B8fPIL-cKPM-YU5yUWxOT3ZhTjQ/edit
Treaty also makes wild claims of great things that never happen...
Proof...
Here is a list of the actual..
July 13.0 BOPD 403 Barrels For The Month
June 6.8 BOPD 204 Barrels For The Month
May 3.38 BOPD 105 Barrels For The Month
April 4.36 BOPD 131 Barrels For The Month
March 9.23 BOPD 286 Barrels For The Month
Feb. 17 BOPD 476 Barrels For The Month
Jan. 8.53 BOPD 256 Barrels For The Month
2012
Dec. 5.80 BOPD 180 Barrels For The Month
Nov. 9.83 BOPD 295 Barrels For The Month
Oct. 9.06 BOPD 281 Barrels For The Month
Sept. 9.6 BOPD 288 Barrels For The Month
Aug. 8.06 BOPD 250 Barrels For The Month
July 10.09 BOPD 313 Barrels For The Month
June 10.37 BOPD 311 Barrels For The Month
May 0.32 BOPD 10 Barrels For The Month
April 0 BOPD 0 Barrels For The Month
March 0 Treaty acquired C&C Petroleum, operator #120104
Feb 0 BOPD 0 Barrels For The Month
Jan 0 BOPD 0 Barrels For The Month
2011
C&C Petroleum Operator #120104
Production by Filing Operator
http://webapps.rrc.state.tx.us/PR/initializePublicQueriesMenuAction.do
This is what Treaty told the world and investors. All turned out to be a complete fantasy...
On 4/12/2011
"Production on these leases for the last reported month of January 2011 was 379 BBLS of sweet crude oil."
http://ih.advfn.com/p.php?pid=nmona&article=47263045
On 4/20/2011
"SHOTWELL W. F. and the SHOTWELL "C" leases.
Treaty indicated that production on these leases is currently 4.18 barrels of oil per day"
http://ih.advfn.com/p.php?pid=nmona&article=47375429
On 5/23/2011
"Mr. Reid added, "With the addition of the 8 leases announced today, I believe that Texas oil production should reach 1200 barrels in June and will grow monthly, as wells are reworked on all of our Texas leases. The goal that we have set for Treaty is to be producing at the rate of 900-1000 BOPD by the end of this year."
http://ih.advfn.com/p.php?pid=nmona&article=47788854
On 7/6/2011
"Therefore we are projecting monthly oil production for August to be about 1000 BBLS and for September to be about 1250 BBLS."
http://ih.advfn.com/p.php?pid=nmona&article=48339951
On 7/8/2011
"Stephen L. York, President and COO of Treaty Energy Corporation, stated, "With the completion of the SHOTWELL acquisition we now have 13 leases covering 1,900 acres with current production of 35-40 barrels of oil per day."
http://ih.advfn.com/p.php?pid=nmona&article=48373870
On 8/1/2011
"Mr. York commented, "These rework activities are expected to increase our oil production by 300-420 barrels per month over the next two weeks, to about 1500 to 2000 barrels per month. While our stated goal is to bring our Texas oil production to 30,000 barrels of oil per month as soon as practical, the economical steps being taken at this time are crucial to us meeting our long term goals in Texas."
http://ih.advfn.com/p.php?pid=nmona&article=48644305
On 9/8/2011
Mr. York added, "The best estimate of Texas production on the currently owned and paid for leases will be 75 to 90 barrels of oil per day after the rework of the 15 shut in wells. Our goal by the end of 2011 is to be at 200 to 350 barrels of oil per day. This production number can vary based on the number of new wells that are expected to be drilled and completed. We expect to exceed 1,000 barrels per day by the end of June 2012. At $80 per barrel, this will translate to about $29.2 million in gross revenues annually from our Texas oil production alone."
http://ih.advfn.com/p.php?pid=nmona&article=49102561
On 10/4/2011
"Our current production from 35 wells is about 50 BOPD, with production expected to be in excess of 60 BOPD by the end of October."
http://ih.advfn.com/p.php?pid=nmona&article=49409925
On 1/17/2012
"In addition, Mr. York commented, "Treaty remains on track to achieve our previously stated goal of 1000 BOPD by end of June 2012. Current production from existing wells has stabilized and with continuing work-overs we expect production to shortly increase to 1500-2000 barrels per month."
http://ih.advfn.com/p.php?pid=nmona&article=50781875
On 5/7/2012
"With drilling starting almost immediately, Treaty will endeavor to fulfill its goal of 1,000 barrels of oil per day in Texas, as stated in prior news releases."
http://ih.advfn.com/p.php?pid=nmona&article=52304074
Some other links...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100493666
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95864161
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95722393
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97676567
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98096320
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98096353
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86544706
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=99265092
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=99697077
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