Treaty Energy Corp. (fka TECO)

[tdbowieknife]

Just a few months after the Gang of cons found out they were in fact being investigated for securities fraud they put out this provable lie of a PR and also announcing a new front man Chris Tesarski who as we all know now is the same lying scammer as the rest of them are.

Andrew V. Reid, Chairman and Chief Executive Officer of Treaty Energy Corporation, is pleased to announce the acquisition of the assets of Texas Sands Resources, LLC of Abilene, Texas (TSR). TSRs assets currently include ten (10) leases in the Texas 7B Oil District. These leases have a current, consistent and provable production of 25 BOPD (Barrels of Oil per Day) and currently hold 552 barrels of sellable oil in the tanks (est. $50,000). At current production levels, the Company anticipates that this acquisition will generate estimated revenues of $800,000 per year, with revenues expected to increase as the ten (10) leases are more fully developed. TSR also holds a number of additional lease opportunities that if completed, will be included in this purchase. The purchase price was $1,250,000.

http://ih.advfn.com/p.php?pid=nmona&article=62041507

That same day I researched the production records for the Texas Sands leases and proved that the past years worth of production wasn't anything near what the gang of cons claimed. The FACT was those leases barely produced 6 BOPD.

The REAL Production rates taken from a year of data from January 2013 to January 2014...

Lease 29495... No reports.

Lease 29359... 210 barrels or 17 barrels a month for .57 BOPD

Lease 11225... 541 barrels or 45 barrels a month for 1.48 BOPD

Lease 23568... No reports.

Lease 21570... 739 barrels or 61 barrels a month for 2.02 BOPD

Lease 21849... No reports.

Lease 22814... 609 barrels or 50 barrels a month for 1.66 BOPD

Lease 26287... 347 barrels or 28.91 a month for .95 BOPD

Lease 125878... All zero's.

Lease 139445... All zero's.


Total production for the 12 months was 2446 barrels or 203 a month for 6.07 BOPD. A far cry from the 25 claimed by Treaty in todays PR...

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=101427156

And in the 9 months AFTER Treaty took over those leases (May 1st 2014 to January 30th 2015). They produced as was reported to the TRRC 2.56 BOPD for the next nine months before the leases were transferred to Lawrence Energy...

Lease 29495... Zero

Lease 29359... Zero

Lease 11225... 219

Lease 23568... Zero

Lease 21570... 414

Lease 21849... Zero

Lease 22814... 60

Lease 26287... Zero

Lease 125878... Zero.

Lease 139445... Zero.

Total........ 693 barrels for 2.56 BOPD... A very far Cry from the claim of 800,000 bucks a year revenue in the PR of lies. @ 2.56 BOPD and at the then current oil price of around 80 bucks a barrel that would generate 75,000 bucks.

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