Friday, April 18, 2014 5:38:18 PM
I don't think you are looking close enough. Please look again.
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")
Quote:
A Metairie-based futures fund manager was suspended and his two companies permanently banned from the U.S. futures industry after allegations he misled investors, the regulatory National Futures Association said Friday.
Bruce A. Gwyn, of Metairie, the two firms' former principal, agreed to a seven-year withdrawal from membership in the National Futures Association, authorities said. His companies, Level III Management LLC and Level III Trading LLC, were barred.
The action came after the National Futures Association alleged that Gwyn willfully misled investors, including New Orleans area residents, by exaggerating the fund's value by the millions and using fund profits for personal expenses. Investors put their money in Level III Trading Partners LP, the commodity pool that the management firm operated.
The National Futures Association is a Chicago-based regulatory agency for the U.S. futures industry. Membership is necessary to conduct business on U.S. futures exchanges.
Gwyn could not immediately be reached for comment Friday. The NFA's decision says that Gwyn and his companies agreed to withdraw without admitting or denying any of the allegations.
According to the complaint, Gwyn told investors that the fund was valued at $1.7 million in December 2011 and $3.7 million in February 2012. The NFA said that in fact, the fund was invested in over-the-counter penny stocks worth at most $200,000 and stock in private companies that was worthless.
Gwyn used more than $200,000 from the fund on personal expenses including food, gas and spa services, according to the complaint.
National Futures Association also noted transfers to Gwyn's personal account that occurred soon after deposits came into the fund. For example, on Dec. 21, 2011, the fund received a wire for $44,000 from Alpine Securities Corp., a firm that held some of the fund's investments, the complaint alleges.
The next day, the fund transferred $44,000 to Gwyn's personal bank account, according to the complaint.
The remaining assets were in stock in privately held companies that "supposedly included oil and energy companies, a management company for businesses that own and operate specialty retail meat stores, and an entertainment production company that booked magic shows," the complaint says.
The report continues: "L3M and Gwyn failed to provide NFA with any current bank statements or other supporting documents from independent sources to demonstrate that the fund was actually invested in the above companies in 2011, and, if so, what the value of these investments were." The National Futures Association decided that those interests had no market value, despite the fund reporting the value at $650,000.
Gwyn would be required to pay a $50,000 fine before applying for membership after the seven-year disbarment.
Gwyn is listed as president, chief operating officer and director of New Orleans-based Treaty Energy Corp on the company's website. A message left at the company's office late Friday was not immediately returned.
He was also listed as a director of Axiom Global Properties, the New Orleans-based company that once operated under the name Orpheum Property Inc. and owned the shuttered Orpheum Theater. Disgruntled investors in that venture wrested control of the property in court last year and put it up for sale. A phone number listed on Axiom's website was disconnected Friday.
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...
Quote:
NOTICE OF MEMBER RESPONSIBILITY ACTION AND ASSOCIATE RESPONSIBILITY ACTION:
On June 12, 2012, NFA issued a Member Responsibility Action ("MRA") against Level III Management LLC ("L3M") and Level III Trading LLC ("L3T")and an Associate Responsibility Action ("ARA") against Bruce A. Gwyn ("Gwyn") whereby:
1. L3M, L3T and Gwyn are suspended from NFA membership and associate membership, respectively, effective immediately and until further notice;
2. L3M, L3T and Gwyn, and any person acting on behalf of L3M and L3T, are prohibited from soliciting or accepting any funds from customers, pool participants or investors, soliciting investments for any managed accounts, pools or other investment vehicles, including the Level III Trading Partners LP ("L3LP" or "the Fund"); or placing any trades, except liquidation trades in L3LP or any other customer account or fund over which L3M, L3T and Gwyn exercise control;
3. L3M, L3T and Gwyn, and any person acting on behalf of L3M and L3T, are prohibited from disbursing or transferring any funds over which they or any person acting on their behalf exercises control (including bank, trading and other types of accounts), without prior approval from NFA; and
4. L3M, L3T and Gwyn are required to provide copies of this MRA/ARA by overnight courier or e-mail to all: a) customers; b) participants in L3LP; c) other investors; and d) banks, brokerage firms, and other financial institutions with which money, securities or other property is on deposit in the name of L3M, L3T, L3LP, or Gwyn or over which L3M, L3T, L3LP or Gwyn exercise control.
This action is effective immediately and deemed necessary to protect customers of L3M and L3T since L3M and Gwyn have misappropriated L3LP's funds and misled customers regarding the value of their investments in L3LP by providing customers with false and misleading performance information about those investments. Moreover, L3M and Gwyn appear to have acted in a manner that placed Gwyn's interests above the interests of his customers by knowingly investing the pool participants' assets in several investment ventures without adequately disclosing the investments' risky nature and Gwyn's relationship to them. In addition, L3M and Gwyn have not provided certain L3M customers with a current disclosure document ("DD") approved by NFA that adequately discusses the true nature of the Fund's investments. Lastly, L3M and Gwyn have failed to cooperate with NFA's investigation because they have refused to make Gwyn available in person to answer NFA's questions about L3M's and L3T's activities, and Gwyn and L3M have failed to produce requested records regarding the Fund's riskiest investments (i.e., all supporting documents for the Fund's asset balances).
The MRA and ARA will remain in effect until such time as L3M, L3T and Gwyn have demonstrated to the satisfaction of NFA that they are in complete compliance with all NFA Requirements.
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.
Quote:
9. As a person in a position of ownership or control of respondent at the time respondent violated Commission rules related to safety and the control of pollution, Bruce A. Gwyn, and any other organization in which he may hold a position of ownership or control, shall be subject to the restrictions of Texas Natural Resource Code Section 91.114(a)(2) for a period of no more than seven years from the date the order entered in this matter becomes final, or until the conditions that constituted the violations herein are corrected or are being corrected in accordance with a schedule to which the Commission and the organization have agreed; and all administrative, civil, and criminal penalties and all cleanup and plugging costs incurred by the State relating to those conditions are paid or are being paid in accordance with a schedule to which the Commission and the organization have agreed,
whichever is earlier.
10. As a person in a position of ownership or control of respondent at the time respondent violated Commission rules related to safety and the control of pollution, Lee C. Schlesinger, II, and any other organization in which he may hold a position of ownership or control, shall be subject to the restrictions of Texas Natural Resource Code Section 91.114(a)(2) for a period of no more than seven years from the date the order entered in this matter becomes final, or until the conditions that constituted the violations herein are corrected or are being
corrected in accordance with a schedule to which the Commission and the organization have agreed; and all administrative, civil, and criminal penalties and all cleanup and plugging costs incurred by the State relating to those conditions are paid or are being paid in accordance with a schedule to which the Commission and the organization have agreed, whichever is earlier.
http://www.rrc.state.tx.us/meetings/ogpfd/7B-82750-DEF.pdf
What is Texas Natural Resource Code Section 91.114(a)(2)?
Quote:
Oil & Gas Division
General Information about Enforcement Orders and Natural Resources Code §91.114
Texas Natural Resources Code §91.114 contains provisions that apply to operators who have violated a statute or commission rule related to safety or the prevention/control of pollution. For purposes of this statute, a “violation” means that a commission order or court ruling has been issued in a matter following notice and opportunity for hearing, and that order or ruling has become final and all appeals have been exhausted. An order in such a matter is commonly referred to as an “Enforcement Order”.
In simplified terms, the statute applies when an Enforcement Order has been issued and the operator has not complied with that order. In that event, the statute prohibits the commission from accepting Organization Report renewals (Form P-5), certain permit applications (including Drilling Permits among others) and requests for Certifications of Compliance and Transportation Authority (Form P-4) for any wells it may operate. The statute also applies to the individuals in control of the company: any other companies controlled by a tagged person are similarly barred from filing with the Commission. Because an “Active” organization report is required for a company to conduct operations subject to the commission’s jurisdiction, the restrictions imposed by §91.114 effectively bar that company (and those who control it) from continuing those activities beyond the current P-5 year.
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??
Quote:
Our internal analysis indicates that the Stann Creek Field covers an area of around 350 acres, and with 4-acre spacing we would expect to drill up to 90 wells in this oil field. Based on our initial findings, we estimate there are about 5,000,000-6,000,000 Barrels of recoverable oil in place in this first finding."
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???
Quote:
Treaty Energy Corporation (“Treaty” or the “Company”) today reported drilling success on its first oil well, San Juan #2, in Belize, Central America. Treaty reached the initial pay zone of 1235 to 1290 feet and found hydrocarbons at this depth.
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
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")
Quote:
A Metairie-based futures fund manager was suspended and his two companies permanently banned from the U.S. futures industry after allegations he misled investors, the regulatory National Futures Association said Friday.
Bruce A. Gwyn, of Metairie, the two firms' former principal, agreed to a seven-year withdrawal from membership in the National Futures Association, authorities said. His companies, Level III Management LLC and Level III Trading LLC, were barred.
The action came after the National Futures Association alleged that Gwyn willfully misled investors, including New Orleans area residents, by exaggerating the fund's value by the millions and using fund profits for personal expenses. Investors put their money in Level III Trading Partners LP, the commodity pool that the management firm operated.
The National Futures Association is a Chicago-based regulatory agency for the U.S. futures industry. Membership is necessary to conduct business on U.S. futures exchanges.
Gwyn could not immediately be reached for comment Friday. The NFA's decision says that Gwyn and his companies agreed to withdraw without admitting or denying any of the allegations.
According to the complaint, Gwyn told investors that the fund was valued at $1.7 million in December 2011 and $3.7 million in February 2012. The NFA said that in fact, the fund was invested in over-the-counter penny stocks worth at most $200,000 and stock in private companies that was worthless.
Gwyn used more than $200,000 from the fund on personal expenses including food, gas and spa services, according to the complaint.
National Futures Association also noted transfers to Gwyn's personal account that occurred soon after deposits came into the fund. For example, on Dec. 21, 2011, the fund received a wire for $44,000 from Alpine Securities Corp., a firm that held some of the fund's investments, the complaint alleges.
The next day, the fund transferred $44,000 to Gwyn's personal bank account, according to the complaint.
The remaining assets were in stock in privately held companies that "supposedly included oil and energy companies, a management company for businesses that own and operate specialty retail meat stores, and an entertainment production company that booked magic shows," the complaint says.
The report continues: "L3M and Gwyn failed to provide NFA with any current bank statements or other supporting documents from independent sources to demonstrate that the fund was actually invested in the above companies in 2011, and, if so, what the value of these investments were." The National Futures Association decided that those interests had no market value, despite the fund reporting the value at $650,000.
Gwyn would be required to pay a $50,000 fine before applying for membership after the seven-year disbarment.
Gwyn is listed as president, chief operating officer and director of New Orleans-based Treaty Energy Corp on the company's website. A message left at the company's office late Friday was not immediately returned.
He was also listed as a director of Axiom Global Properties, the New Orleans-based company that once operated under the name Orpheum Property Inc. and owned the shuttered Orpheum Theater. Disgruntled investors in that venture wrested control of the property in court last year and put it up for sale. A phone number listed on Axiom's website was disconnected Friday.
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...
Quote:
NOTICE OF MEMBER RESPONSIBILITY ACTION AND ASSOCIATE RESPONSIBILITY ACTION:
On June 12, 2012, NFA issued a Member Responsibility Action ("MRA") against Level III Management LLC ("L3M") and Level III Trading LLC ("L3T")and an Associate Responsibility Action ("ARA") against Bruce A. Gwyn ("Gwyn") whereby:
1. L3M, L3T and Gwyn are suspended from NFA membership and associate membership, respectively, effective immediately and until further notice;
2. L3M, L3T and Gwyn, and any person acting on behalf of L3M and L3T, are prohibited from soliciting or accepting any funds from customers, pool participants or investors, soliciting investments for any managed accounts, pools or other investment vehicles, including the Level III Trading Partners LP ("L3LP" or "the Fund"); or placing any trades, except liquidation trades in L3LP or any other customer account or fund over which L3M, L3T and Gwyn exercise control;
3. L3M, L3T and Gwyn, and any person acting on behalf of L3M and L3T, are prohibited from disbursing or transferring any funds over which they or any person acting on their behalf exercises control (including bank, trading and other types of accounts), without prior approval from NFA; and
4. L3M, L3T and Gwyn are required to provide copies of this MRA/ARA by overnight courier or e-mail to all: a) customers; b) participants in L3LP; c) other investors; and d) banks, brokerage firms, and other financial institutions with which money, securities or other property is on deposit in the name of L3M, L3T, L3LP, or Gwyn or over which L3M, L3T, L3LP or Gwyn exercise control.
This action is effective immediately and deemed necessary to protect customers of L3M and L3T since L3M and Gwyn have misappropriated L3LP's funds and misled customers regarding the value of their investments in L3LP by providing customers with false and misleading performance information about those investments. Moreover, L3M and Gwyn appear to have acted in a manner that placed Gwyn's interests above the interests of his customers by knowingly investing the pool participants' assets in several investment ventures without adequately disclosing the investments' risky nature and Gwyn's relationship to them. In addition, L3M and Gwyn have not provided certain L3M customers with a current disclosure document ("DD") approved by NFA that adequately discusses the true nature of the Fund's investments. Lastly, L3M and Gwyn have failed to cooperate with NFA's investigation because they have refused to make Gwyn available in person to answer NFA's questions about L3M's and L3T's activities, and Gwyn and L3M have failed to produce requested records regarding the Fund's riskiest investments (i.e., all supporting documents for the Fund's asset balances).
The MRA and ARA will remain in effect until such time as L3M, L3T and Gwyn have demonstrated to the satisfaction of NFA that they are in complete compliance with all NFA Requirements.
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.
Quote:
9. As a person in a position of ownership or control of respondent at the time respondent violated Commission rules related to safety and the control of pollution, Bruce A. Gwyn, and any other organization in which he may hold a position of ownership or control, shall be subject to the restrictions of Texas Natural Resource Code Section 91.114(a)(2) for a period of no more than seven years from the date the order entered in this matter becomes final, or until the conditions that constituted the violations herein are corrected or are being corrected in accordance with a schedule to which the Commission and the organization have agreed; and all administrative, civil, and criminal penalties and all cleanup and plugging costs incurred by the State relating to those conditions are paid or are being paid in accordance with a schedule to which the Commission and the organization have agreed,
whichever is earlier.
10. As a person in a position of ownership or control of respondent at the time respondent violated Commission rules related to safety and the control of pollution, Lee C. Schlesinger, II, and any other organization in which he may hold a position of ownership or control, shall be subject to the restrictions of Texas Natural Resource Code Section 91.114(a)(2) for a period of no more than seven years from the date the order entered in this matter becomes final, or until the conditions that constituted the violations herein are corrected or are being
corrected in accordance with a schedule to which the Commission and the organization have agreed; and all administrative, civil, and criminal penalties and all cleanup and plugging costs incurred by the State relating to those conditions are paid or are being paid in accordance with a schedule to which the Commission and the organization have agreed, whichever is earlier.
http://www.rrc.state.tx.us/meetings/ogpfd/7B-82750-DEF.pdf
What is Texas Natural Resource Code Section 91.114(a)(2)?
Quote:
Oil & Gas Division
General Information about Enforcement Orders and Natural Resources Code §91.114
Texas Natural Resources Code §91.114 contains provisions that apply to operators who have violated a statute or commission rule related to safety or the prevention/control of pollution. For purposes of this statute, a “violation” means that a commission order or court ruling has been issued in a matter following notice and opportunity for hearing, and that order or ruling has become final and all appeals have been exhausted. An order in such a matter is commonly referred to as an “Enforcement Order”.
In simplified terms, the statute applies when an Enforcement Order has been issued and the operator has not complied with that order. In that event, the statute prohibits the commission from accepting Organization Report renewals (Form P-5), certain permit applications (including Drilling Permits among others) and requests for Certifications of Compliance and Transportation Authority (Form P-4) for any wells it may operate. The statute also applies to the individuals in control of the company: any other companies controlled by a tagged person are similarly barred from filing with the Commission. Because an “Active” organization report is required for a company to conduct operations subject to the commission’s jurisdiction, the restrictions imposed by §91.114 effectively bar that company (and those who control it) from continuing those activities beyond the current P-5 year.
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??
Quote:
Our internal analysis indicates that the Stann Creek Field covers an area of around 350 acres, and with 4-acre spacing we would expect to drill up to 90 wells in this oil field. Based on our initial findings, we estimate there are about 5,000,000-6,000,000 Barrels of recoverable oil in place in this first finding."
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???
Quote:
Treaty Energy Corporation (“Treaty” or the “Company”) today reported drilling success on its first oil well, San Juan #2, in Belize, Central America. Treaty reached the initial pay zone of 1235 to 1290 feet and found hydrocarbons at this depth.
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
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