Treaty Energy Corp. (fka TECO)

[tdbowieknife]

Lawsuits against Treaty... That I know of so far.

This is how Treaty operates... Robert McManus is out $130,000 bucks... and Ronald Blackburn is right in the middle of it...

Robert McManus vs Treaty Energy...



Full filing here...

https://docs.google.com/file/d/0B8fPIL-cKPM-X1pMZGxqVGhFbWc/edit


US. Fuels and Treaty Energy being sued for fraud in Callahan County

Has to do with 2 leases Treaty sold Merkaz Oil and Gas Development Company. They say Treaty sold them the Henderson and long lease by fraudulently misrepresenting the facts. Like the fact that there were TRRC issues as in a well plugging and severances. They are looking for more than $200,000 but less than 1 million bucks from Treaty and US. Fuels.

Sounds just like Treaty...




The full filing here...

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104560250


And a lawsuit by a childhood friend of Gwyn that got ripped off...


In a lawsuit filed Wednesday (May 28) in Orleans Parish Civil District Court, Gwyn is accused of fraud in connection with two other companies: Treaty Energy Corp., which is publicly traded on over-the-counter markets, and an affiliated company, Rampant Leon Financial Corp.

The lawsuit also names Andrew Reid, the CEO of both companies, as a defendant.

Gwyn was once chief operating officer and director at Treaty Energy, but he resigned from the company in March, according to the company's website. Treaty Energy is a New Orleans-based oil and gas exploration company with operations in Texas and Belize.

A lawyer for Treaty Energy on Thursday said the company couldn't immediately respond.

In the lawsuit, New Orleans resident George Demmas claims that Gwyn -- a childhood friend -- convinced him in May 2012 to invest $65,000 in a "fictional undivided interest in an oil well" on promises that he would earn $700,000 over 10 years in return.

That sale agreement was made through Rampant Leon Financial Corp. and signed by Reid, according to the lawsuit.

At Gwyn's urging, Demmas also decided to buy more than 810,000 shares in Treaty Energy for a total of $15,000 with an agreement that Demmas had to hold onto the shares for one year before selling them on the market, according to the lawsuit.

The lawsuit claims Gwyn "knowingly misrepresented material facts to and omitted material facts from" Demmas in both investments.

"In addition, Gwyn made continuing misrepresentations about the investments to induce plaintiff to hold the investments for a longer period of time than he otherwise would have and to delay plaintiff's actions in recovering or mitigating his losses," the lawsuit says.

Rather than the promised $3,000 or $4,000 per month, the lawsuit says, Demmas has received only a total of $700 on the oil well investment.

At one point, when Demmas complained about a lack of payments, Gwyn told him "that a supposed unnamed Russian investor had invested about $20 million in the investment and that Rampant needed to pay him back first before any of the other investors," the lawsuit says.

Meanwhile, Demmas' shares in Treaty Energy did not increase as Gwyn had promised, the lawsuit says, and Demmas couldn't find a brokerage firm willing to sell the shares after the one-year holding period.

More here...

http://www.nola.com/business/index.ssf/2014/05/former_metairie_futures_fund_m.html



Heart land Drilling law suit for over $400,000.00 The Drillers that drilled the Stockton 2 and 3 wells and never got paid...

https://docs.google.com/file/d/0B8fPIL-cKPM-eDdHM21GdmNKVjg/edit



The theft case against John Bell Treaty's "Operations Manager"

https://docs.google.com/file/d/0B8fPIL-cKPM-VUx5SUNqV3ltNjQ/edit

Looks as though John Bell, Treaty's "operations manager", has refused to sign off on his deposition in his theft case with Heritage Oil... That would be a move made by a guilty person.

https://docs.google.com/file/d/0B8fPIL-cKPM-cmNUVHpudVhldkk/edit



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




New Treaty Judgment...

Treaty needs to pay $141,764.25 To All Energy...

https://docs.google.com/file/d/0B8fPIL-cKPM-SXl3cmlFYW11aFU/edit


Paul Henley Judgment...

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


TRRC Compliance issues... The McComas wells including well No. 20 not listed in that order has now been plugged by the State of Texas.

Master Default Order for Non-compliance...

http://www.rrc.state.tx.us/media/9562/12-04-12-mdo.pdf

TRRC order to plug 8 wells on the McComas lease. All the wells in this order have now been plugged by the State of Texas.

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/media/9554/01-07-14-mdo.pdf

The violations...

http://www.rrc.state.tx.us/media/15648/7b-82750-def.pdf


Bruce A. Gwyn and Lee C. Schlesinger banned from doing business in Texas in the oil and gas business.

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/media/15648/7b-82750-def.pdf



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