Kansas and Belize projects

Kansas deal numbers

Paragraph 5 of the amended sale and purchase agreement(teco_ex991008.gif)
http://www.sec.gov/Archives/edgar/data/1075773/000111650210000035/0001116502-10-000035-index.htm

clearly states:
"Buyer shall deliver to Seller the full payment of Six Million Dollars($6,000,000.00) in collected funds at closing."
-----------------
Per the Reserve Report:
http://findarticles.com/p/articles/mi_pwwi/is_201001/ai_n47546970/

Operating Expenses; oil wells $225/well-month = $2,700/well-year
Operating Expenses; deeper oil wells $750 - $850/well-month = $9,000/well-year
---
660 well x $2,700 = $1,782,000 operating expense per year(conservative)
-----------------
current production = 135 bbls/day using $70/bbl = $3,449,250/year gross revenue, minus the 5% overriding royalty interest for Town Oil($172,463) = $3,276,787
$3,276,787 - $1,782,000 operating expense/year =
$1,494,787 pre-tax income for deposit to the joint operating account.
Treaty gets 50% of this = $747,394 per year, which is put into the "joint operating account", and which they intend to use to help pay for the wells.
------
They owe $6,000,000 at closing or they default.
Excerpt from the PR dated 12/20/2010 "Treaty Energy and Town Oil have agreed to extend the term of the purchase agreement to February 21, 2011."

Excerpts from the PR dated 2/28/2011
"Treaty's lender is located in an area that has been affected by continued severe weather which has caused the lender to ask for a closing date of April 1, 2011."

"Treaty has asked for additional time from Town Oil and has been told to continue toward the loan closing and they would hold off on taking possession of the 60 million shares of Treaty Energy stock held in escrow as liquidated damages should the loan not close. Just to be clear, these shares are held in an escrow account in Kansas and can be converted from the listed owner of the shares to Town Oil at their discretion should the loan not close."

I found the wording of the PR a bit ambiguous.
It doesn't specifically say that Town Oil agreed to the date of April 1, 2011, only that the lender asked for that date.

And it certainly didn't say anything about any signed and notarized agreement to extend the date.

Without a signed and notarized agreement Town Oil can, if they so decide, call the deal null and void and take the shares that are being held in escrow at any time. Maybe they'll wait until April 1 and maybe they won't.


$6,000,000 - $747,394 = $5,252,606 that they need to come up with from a source other than the current well production of these leases.

If they default, what will be forfeited is:
the $900,000 in stock(60 million shares per PR released Feb 28, 2011) that has been placed in escrow as earnest money and all of the funds accrued in the "joint operating account".

Drilling Cost - Oil well $30,000/well
Drilling Cost - Injector $20,000/well
-----------------
Pr dated Dec 20, 2010
Treaty claims to have a funding commitment for the Kansas property by an, as yet, unnamed lender.
http://www.marketwire.com/press-release/Treaty-Energy-Corporation-Announces-9-Million-Funding-Commitment-Acquire-Assets-Town-1371761.htm

The 10Q for 3/31/2011 filed on 5/16/2011 clearly indicated that, as of 3/31/2011, the Kansas deal had not been closed and there was no mention of it in the Subsequent Events section either.
As of this date, due to the lack of follow up by TECO to its shareholders, things are looking real bad concerning Kansas.

See post titled "A summary of the Acquisition PR’s and 8-k’s" to see their track record for accomplishing the other claims that they've made in PR's.
====================================================
====================================================
The Belize project

4/22/2010 Treaty Energy PR
http://investor.wedbush.com/wedbush/?GUID=5845413&Page=MEDIAVIEWER
Entered into a 50\50 Joint Venture Agreement with Princess Petroleum Limited.
Treaty intends to start drilling its first well no later than July 1, 2010.(It didn't happen.)
---
From the 10Q dated 6/30/2010 concerning the Belize project:
http://www.sec.gov/Archives/edgar/data/1075773/000135448810002585/0001354488-10-002585-index.htm
“A major shareholder of the Company paid $100,000 cash as required under the agreement.”
(Note: This dollar amount is inaccurate, see 8ka filed on 3/31/2011)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001031/0001354488-11-001031-index.htm
(and also see the 8ka filed on 4/5/2011)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001100/teco_8ka.htm
Kind of makes me wonder how well this shareholder (Ron Blackburn, 'my assumption') is keeping the official management of this company up to date on his wheeling and dealings.

“In July, 2010, we sold a 5% interest in our investment in the Joint Venture with Princess Petroleum Limited (2.5% of the total partnership interest) to an investor for $250,000 in cash.”

"We intend to finance the drilling of one to three wells by selling additional interests in our Joint Venture with Princess Petroleum Limited."

From the Treaty Belize Energy Limited 'Articles of Incorporation' document, downloadable via Treaty's website, the percentages are now:
50% Princess
40% Treaty
2.5% Bass
2.5% Cluff
5% BASCO.LLC
---
07/02/2010 Amandala Newspaper article
http://www.amandala.com.bz/index.php?id=10024
"Broke, no experience, but gets oil concession!!"

"Cho, however, put little weight on the fact that the partner of Princess, Treaty Energy Corporation, continues to be “in the red,” and with very little to invest in Belize."

"One of the investors in Treaty with whom we had a chance to communicate this week told us that many, including the Government of Belize, think that crude and natural gas reserves are “plentiful” in Belize."

"As to the partnership between Princess and Treaty, Cho said that although Treaty wants a stake in the Princess Petroleum production sharing agreement, the Government of Belize would need to approve it. However, Treaty can still continue works for Princess under the existing “farm in” agreement, of which he says the Government has received a copy."
---

7/15/2010 Treaty Energy PR
http://www.marketwire.com/press-release/Treaty-Energy-Reports-Progress-on-Tennessee-and-Belize-Oil-and-Gas-Leases-1290939.htm
"Treaty representatives flew to Panama City, Panama, for meetings the past Monday with the president of Princess Petroleum, Inc. Both groups then flew to Belize City for meetings with government officials to layout the drilling plan that the Treaty/Princess joint venture proposes to implement. Treaty Energy indicated that it has funding in place to proceed with the required efforts to pick the first drill site and then drill well #1 as soon as can be done, and working with its partner, Princess Petroleum, will assure that all drilling projects will be in compliance with rules and regulations of the Belize government."

7/21/2010 Article quoting Director of Geology and Petroleum, Andre Cho/Belize:
http://belizean.com/news/belize-petroleum-director-comments-on-treaty-energy-statement/
"The Belize Petroleum and Geology Department has denied reports in a press release from Treaty Energy Corporation claiming it met with government officials in Belize last week."
---
9/20/2010 Treaty Energy PR announcing the signing of a service contract between Treaty and Radar Satellite Solutions on July 20, 2010.
http://finance.yahoo.com/news/Treaty-Energy-Reports-Signing-iw-708494159.html?x=0&.v=1

Link to Treaty's website for Radar Satellite Solutions initial analysis report of a portion of the land based concession in Belize.
http://www.treatyenergy.com/belize1/belize1.htm

03/17/2011 Treaty Energy PR:
http://www.marketwire.com/press-release/Treaty-Energy-Updates-Progress-on-Belize-1413250.htm
"Drilling Schedule: The Company explained that it has made very strong progress on this project at a relatively reasonable level of expenses to-date, and it is very close to announcing up to three initial drilling locations, with a projected drilling date within 60 to 90 days."

also:
"...to date $725,000 has been invested in the Belize project by Treaty Energy."
(Note: This dollar amount maybe inaccurate, see 8ka filed on 3/31/2011)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001031/0001354488-11-001031-index.htm
---
4/1/2011 Treaty Energy PR:
http://www.marketwire.com/press-release/Treaty-Energy-Acquires-Oil-Gas-Company-1421275.htm
Drilling process in Belize is set to commence in May 2011.
---
5/3/2011 Treaty Energy PR:
http://finance.yahoo.com/news/Treaty-Energy-Forms-Treaty-prnews-1872257313.html?x=0&.v=1
Treaty announces selection of first eight drilling locations.
---
5/9/2011 Treaty Energy PR:
http://finance.yahoo.com/news/Treaty-Energy-Corporation-prnews-1856752106.html?x=0&.v=1
Treaty announced that it has completed the organization of its new Belizean operating subsidiary, Treaty Belize Energy Limited.

Important DD for all investors

From the merger Agreement:
http://www.sec.gov/Archives/edgar/data/1075773/000135448808002139/ex101.htm

EFFECT ON CAPITAL STOCK; SURRENDER OF CERTIFICATES AND PAYMENT
ARTICLE II
"with 397,440,000 of such shares to be issued to TK Holdings; and 16,560,000 of such shares to be issued to Osprey Partners’s designee, Michael A. Mulshine, constituting 90% of the issued and outstanding common stock of ARGY."

The A/S was 500,000,000 (Note: It is now 750,000,000)
O/S was.....460,061,553
.........................................Shares
TK Holdings.......................397,440,000....86.39 % of O/S
Osprey Partners..................16,560,000.....3.6 % of O/S
(designee, Michael A. Mulshine)

---------

From the 10-k filed 5/15/2009:
http://www.sec.gov/Archives/edgar/data/1075773/000135448809000366/treaty10k.htm
TK Holdings, LLC (a.k.a. Tri Koon Holdings)
310 North Willis, Suite 212,
Abilene, Texas 79603

---------

I believe that the fictatious name "TK Holdings, LLC"
http://sunbiz.org/scripts/ficidet.exe?action=DETREG&docnum=G09013900355&rdocnum=G02007900411
used in the 10k, instead of the real name "Tri Koon Holdings, LLC", was in order to hide the fact that the Alonzo's and Blackburn were the principles involved with TECO.(an example of smoke and mirrors, not transparency)

If you look up TK Holdings, LLC on the Texas site
https://ourcpa.cpa.state.tx.us/coa/servlet/cpa.app.coa.CoaGetTp?Pg=tpid&Search_Nm=TK%20Holdings%20&Button=search&Search_ID=10437185415
the Alonzo's and Blackburn don't show up, because its the wrong company.
It's only when you look up Tri Koon Holdings, LLC or TK Holdings(Fictitious Name Search) on the Florida site, that the curtain is lifted.

http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=L08000094414&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=TRIKOONHOLDINGS&names_filing_type=

10/03/2008 -- Florida Limited Liability:

Electronic Articles of Organization
Dated October 03, 2008
The officers of Tri Koon Holdings were:
Paul Alonzo
Ronald Blackburn
Carolyn Alonzo
--------------

Why would they want to hide the involvement of the Alonzo's and Blackburn?

UNITED STATES BANKRUPTCY COURT
EASTERN DISTRICT OF LOUISIANA

IN RE: PHOENIX ASSOCIATES LAND SYNDICATE, INC.
CASE NO. 09-11743
CHAPTER 7
DEBTOR

WILBUR J. “BILL” BABIN, JR., IN HIS
CAPACITY AS TRUSTEE OF THE
BANKRUPTCY ESTATE OF PHOENIX
ASSOCIATES LAND SYNDICATE,
PLAINTIFF

"Between June 10, 2005 and June 10, 2009 (the four year reach-back period under Nevada law), Phoenix distributed in excess of $6,000,000.00 to its three principals, Paul Alonzo, Carolyn Alonzo, and Ronald Blackburn. At the same time that it was distributing these millions of dollars to its principals, Phoenix submerged sharply into deeper levels of debt. Schedule F of the Debtor’s bankruptcy schedules tallies a total indebtedness at $20,135,813.313 (Bankruptcy Case Doc. 39). The Trustee has determined that the distributions to the Alonzos and Blackburn were paid at the expense of its and its companies’ unpaid creditors, and constituted fraudulent conveyances and unlawful dividends under Nevada and federal bankruptcy law.

Since 2003, creditors have been pursuing Phoenix. According to the Statement of Financial Affairs, at least forty creditors have filed suits in various courthouses across the country and are seeking collection of their claims."
---
Background links for Ronald L Blackburn:

Toledo Blade Article May 19, 1990
http://news.google.com/newspapers?nid=1350&dat=19900519&id=6g4VAAAAIBAJ&sjid=EgMEAAAAIBAJ&pg=6853,5403156

Toledo Blade Article September 10, 1999
http://news.google.com/newspapers?id=5IYUAAAAIBAJ&sjid=9QMEAAAAIBAJ&pg=6727,3477522&dq=former-sylvania-man-sentenced-to-37-months-in-income-tax&hl=en

Federal Bureau of Prisons
http://www.bop.gov/iloc2/InmateFinderServlet?Transaction=NameSearch&needingMoreList=false&FirstName=Ronald&Middle=L&LastName=Blackburn&Race=U&Sex=M&Age=63&x=81&y=10
--------------------------------
The old officer list of TREATY ENERGY CORPORATION:
GARY E DUNHAM
DAVID HALLIN
RONDA HYATT
RANDALL NEWTON

Blackburn fired the old management as mentioned in these TECO documents filed with the sec on July 8, 2009...

http://www.sec.gov/Archives/edgar/data/1075773/000111650209001454/treaty_171.htm
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001454/treaty_172.htm
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001454/treaty_173.htm
--------------
Blackburn dissolved Tri Koon Holdings, LLC as recorded in this document:
11/19/2009 -- LC Voluntary Dissolution
on the Florida site.

http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=L08000094414&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=TRIKOONHOLDINGS&names_filing_type=

If the notation in Blackburns own hand is accurate(and I see no reason to believe that it is not) then he owned 100% of Tri Koon Holdings interest in TECO at that time.(397,440,000 shares....86.39 % of O/S)

And why did the 10K(dated Dec 31, 2009) list TK Holdings, LLC as a beneficial owner when it was already dissolved? The rightful entry of beneficial owner should have been Ronald L Blackburn.

I see that they are finally using his name, instead of the curtain of "TK Holdings".

Per the 10k for 2010
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001208/0001354488-11-001208-index.htm
he owned 67,353,946. Some of those shares have gone for acquisitions ( I haven't tallied them, but definitely not 330,086,054), he seems to be selling hand over fist. Or maybe alot of them were converted into voting Preferred shares that would suck out a lot of the profit from Treaty, should there ever be any. The common shares that were converted would probably go to the treasury, most likely to be sold by Treaty, causing further dilution and suppressing the PPS further.

--------------------------------
--------------------------------
Background links for Andrew V. Reid, Treaty's CEO

Excerpt from:
http://www.nola.com/business/index.ssf/2010/12/new_orleans_newest_public_comp.html
---
History of fraud

Micro-cap stocks, or companies with fewer than 500 investors and $10 million in assets like Orpheum Property, don't have to make filings with the U.S. Securities and Exchange Commission. No filings have been made about the Orpheum merger or name change.

The SEC notes that many micro-cap stocks are legitimate businesses, "but the lack of reliable, readily available information about some microcap companies can open the door to fraud." Fraud perpetrators often pay promoters to tout their stock and issue news releases that are exaggerated or untrue, the SEC warns.

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.
---

Excerpts from:
http://www.nola.com/business/t-p/index.ssf?/base/money-5/1292739703145850.xml&coll=1

"The Financial Industry Regulatory Authority Inc., the industry group that regulates securities brokers, has seven closed securities investigations on file for Reid alleging things like misrepresentation, fraud, negligence, breach of contract, unsuitable trading and investing, violating securities regulations and depositing a check meant for the firm into his personal account."

"I was never found to be at fault for harming any investors," Reid said, a statement which conflicts with the official account in his 22-page report.
------------------------------------------------------------------------
Note: Michael A. Mulshine is also involved with Orpheum Property Inc.
http://www.reuters.com/finance/stocks/companyOfficers?symbol=PLFF.PK

and Phoenix Associates Land Syndicate, Inc.
http://findarticles.com/p/articles/mi_pwwi/is_200605/ai_n16350121/

------------------------------------------------------------------------
S8 filed with the SEC on 2/23/2011 where 100,000,000 shares were registered for sale for legal defense purposes.
http://www.sec.gov/Archives/edgar/data/1075773/000135448811000585/0001354488-11-000585-index.htm

Excerpt:
"As permitted by the provisions of the Nevada Revised Statutes (the "NRS"), the Company has the power to indemnify any person made a party to an action, suit or proceeding by reason of the fact that they are or were a director, officer, employee or agent of the Company, against expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by them in connection with any such action, suit or proceeding if they acted in good faith and in a manner which they reasonably believed to be in, or not opposed to, the best interest of the Company and, in any criminal action or proceeding, they had no reasonable cause to believe their conduct was unlawful. Termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, does not, of itself, create a presumption that the person did not act in good faith and in a manner which they reasonably believed to be in or not opposed to the best interests of the Company, and, in any criminal action or proceeding, they had no reasonable cause to believe their conduct was unlawful."

Link to some court documents concerning Treaty:
http://smithsd7spage.weebly.com/

Kansas and Belize projects

Kansas deal numbers

Paragraph 5 of the amended sale and purchase agreement(teco_ex991008.gif)
http://www.sec.gov/Archives/edgar/data/1075773/000111650210000035/0001116502-10-000035-index.htm

clearly states:
"Buyer shall deliver to Seller the full payment of Six Million Dollars($6,000,000.00) in collected funds at closing."
-----------------
Per the Reserve Report:
http://findarticles.com/p/articles/mi_pwwi/is_201001/ai_n47546970/

Operating Expenses; oil wells $225/well-month = $2,700/well-year
Operating Expenses; deeper oil wells $750 - $850/well-month = $9,000/well-year
---
660 well x $2,700 = $1,782,000 operating expense per year(conservative)
-----------------
current production = 135 bbls/day using $70/bbl = $3,449,250/year gross revenue, minus the 5% overriding royalty interest for Town Oil($172,463) = $3,276,787
$3,276,787 - $1,782,000 operating expense/year =
$1,494,787 pre-tax income for deposit to the joint operating account.
Treaty gets 50% of this = $747,394 per year, which is put into the "joint operating account", and which they intend to use to help pay for the wells.
------
They owe $6,000,000 at closing or they default.
Excerpt from the PR dated 12/20/2010 "Treaty Energy and Town Oil have agreed to extend the term of the purchase agreement to February 21, 2011."

Excerpts from the PR dated 2/28/2011
"Treaty's lender is located in an area that has been affected by continued severe weather which has caused the lender to ask for a closing date of April 1, 2011."

"Treaty has asked for additional time from Town Oil and has been told to continue toward the loan closing and they would hold off on taking possession of the 60 million shares of Treaty Energy stock held in escrow as liquidated damages should the loan not close. Just to be clear, these shares are held in an escrow account in Kansas and can be converted from the listed owner of the shares to Town Oil at their discretion should the loan not close."

I found the wording of the PR a bit ambiguous.
It doesn't specifically say that Town Oil agreed to the date of April 1, 2011, only that the lender asked for that date.

And it certainly didn't say anything about any signed and notarized agreement to extend the date.

Without a signed and notarized agreement Town Oil can, if they so decide, call the deal null and void and take the shares that are being held in escrow at any time. Maybe they'll wait until April 1 and maybe they won't.


$6,000,000 - $747,394 = $5,252,606 that they need to come up with from a source other than the current well production of these leases.

If they default, what will be forfeited is:
the $900,000 in stock(60 million shares per PR released Feb 28, 2011) that has been placed in escrow as earnest money and all of the funds accrued in the "joint operating account".

Drilling Cost - Oil well $30,000/well
Drilling Cost - Injector $20,000/well
-----------------
Pr dated Dec 20, 2010
Treaty claims to have a funding commitment for the Kansas property by an, as yet, unnamed lender.
http://www.marketwire.com/press-release/Treaty-Energy-Corporation-Announces-9-Million-Funding-Commitment-Acquire-Assets-Town-1371761.htm

The 10Q for 3/31/2011 filed on 5/16/2011 clearly indicated that, as of 3/31/2011, the Kansas deal had not been closed and there was no mention of it in the Subsequent Events section either.
As of this date, due to the lack of follow up by TECO to its shareholders, things are looking real bad concerning Kansas.

See post titled "A summary of the Acquisition PR’s and 8-k’s" to see their track record for accomplishing the other claims that they've made in PR's.
====================================================
====================================================
The Belize project

4/22/2010 Treaty Energy PR
http://investor.wedbush.com/wedbush/?GUID=5845413&Page=MEDIAVIEWER
Entered into a 50\50 Joint Venture Agreement with Princess Petroleum Limited.
Treaty intends to start drilling its first well no later than July 1, 2010.(It didn't happen.)
---
From the 10Q dated 6/30/2010 concerning the Belize project:
http://www.sec.gov/Archives/edgar/data/1075773/000135448810002585/0001354488-10-002585-index.htm
“A major shareholder of the Company paid $100,000 cash as required under the agreement.”
(Note: This dollar amount is inaccurate, see 8ka filed on 3/31/2011)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001031/0001354488-11-001031-index.htm
(and also see the 8ka filed on 4/5/2011)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001100/teco_8ka.htm
Kind of makes me wonder how well this shareholder (Ron Blackburn, 'my assumption') is keeping the official management of this company up to date on his wheeling and dealings.

“In July, 2010, we sold a 5% interest in our investment in the Joint Venture with Princess Petroleum Limited (2.5% of the total partnership interest) to an investor for $250,000 in cash.”

"We intend to finance the drilling of one to three wells by selling additional interests in our Joint Venture with Princess Petroleum Limited."

From the Treaty Belize Energy Limited 'Articles of Incorporation' document, downloadable via Treaty's website, the percentages are now:
50% Princess
40% Treaty
2.5% Bass
2.5% Cluff
5% BASCO.LLC
---
07/02/2010 Amandala Newspaper article
http://www.amandala.com.bz/index.php?id=10024
"Broke, no experience, but gets oil concession!!"

"Cho, however, put little weight on the fact that the partner of Princess, Treaty Energy Corporation, continues to be “in the red,” and with very little to invest in Belize."

"One of the investors in Treaty with whom we had a chance to communicate this week told us that many, including the Government of Belize, think that crude and natural gas reserves are “plentiful” in Belize."

"As to the partnership between Princess and Treaty, Cho said that although Treaty wants a stake in the Princess Petroleum production sharing agreement, the Government of Belize would need to approve it. However, Treaty can still continue works for Princess under the existing “farm in” agreement, of which he says the Government has received a copy."
---

7/15/2010 Treaty Energy PR
http://www.marketwire.com/press-release/Treaty-Energy-Reports-Progress-on-Tennessee-and-Belize-Oil-and-Gas-Leases-1290939.htm
"Treaty representatives flew to Panama City, Panama, for meetings the past Monday with the president of Princess Petroleum, Inc. Both groups then flew to Belize City for meetings with government officials to layout the drilling plan that the Treaty/Princess joint venture proposes to implement. Treaty Energy indicated that it has funding in place to proceed with the required efforts to pick the first drill site and then drill well #1 as soon as can be done, and working with its partner, Princess Petroleum, will assure that all drilling projects will be in compliance with rules and regulations of the Belize government."

7/21/2010 Article quoting Director of Geology and Petroleum, Andre Cho/Belize:
http://belizean.com/news/belize-petroleum-director-comments-on-treaty-energy-statement/
"The Belize Petroleum and Geology Department has denied reports in a press release from Treaty Energy Corporation claiming it met with government officials in Belize last week."
---
9/20/2010 Treaty Energy PR announcing the signing of a service contract between Treaty and Radar Satellite Solutions on July 20, 2010.
http://finance.yahoo.com/news/Treaty-Energy-Reports-Signing-iw-708494159.html?x=0&.v=1

Link to Treaty's website for Radar Satellite Solutions initial analysis report of a portion of the land based concession in Belize.
http://www.treatyenergy.com/belize1/belize1.htm

03/17/2011 Treaty Energy PR:
http://www.marketwire.com/press-release/Treaty-Energy-Updates-Progress-on-Belize-1413250.htm
"Drilling Schedule: The Company explained that it has made very strong progress on this project at a relatively reasonable level of expenses to-date, and it is very close to announcing up to three initial drilling locations, with a projected drilling date within 60 to 90 days."

also:
"...to date $725,000 has been invested in the Belize project by Treaty Energy."
(Note: This dollar amount maybe inaccurate, see 8ka filed on 3/31/2011)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001031/0001354488-11-001031-index.htm
---
4/1/2011 Treaty Energy PR:
http://www.marketwire.com/press-release/Treaty-Energy-Acquires-Oil-Gas-Company-1421275.htm
Drilling process in Belize is set to commence in May 2011.
---
5/3/2011 Treaty Energy PR:
http://finance.yahoo.com/news/Treaty-Energy-Forms-Treaty-prnews-1872257313.html?x=0&.v=1
Treaty announces selection of first eight drilling locations.
---
5/9/2011 Treaty Energy PR:
http://finance.yahoo.com/news/Treaty-Energy-Corporation-prnews-1856752106.html?x=0&.v=1
Treaty announced that it has completed the organization of its new Belizean operating subsidiary, Treaty Belize Energy Limited.

A summary of the Acquisition PR’s and 8-k’s updated

Form 8-K
http://www.sec.gov/answers/form8k.htm
----------------------
Press Release dated: Jan 09, 2009
http://www.financialnewsusa.com/finance/archives/6625-treaty-energy-corporation-2
Enters LOI to acquire the VAGO #1 Project,. Taylor County, Texas(west texas)160 acres
-----
Per PR dated July 30, 2009, acquisition completed.
http://investor.wedbush.com/wedbush/?GUID=9596283&Page=MediaViewer&Ticker=TECO
8-k filing date: Aug 4, 2009 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001175/0001116502-09-001175-index.htm

Per PR dated, Oct 8, 2009, acquisition rescinded.
http://investor.wedbush.com/wedbush/?GUID=10336976&Page=MediaViewer&Ticker=TECO
No 8-k filed (Termination of Material Definitive Agreement), but noted in the 10Q filed 11/16/2009.

Press Release dated: July 9, 2009
http://www.istockanalyst.com/article/viewiStockNews/articleid/3340419
Enters LOI to acquire a 360-acre lease in Taylor County, Texas

Per the PR dated Oct 8, 2009, "closing on this possible acquisition is delayed".
http://investor.wedbush.com/wedbush/?GUID=10336976&Page=MediaViewer&Ticker=TECO
As of yet, no 8-k filed (Entry into Material Definitive Agreement)
The acquisition never happened.

Press Release dated: July 15, 2009
http://www.istockanalyst.com/article/viewiStockNews/articleid/3350692
Enters LOI to acquire a 113 acre Baker lease in Brown County, Texas

Per the PR dated Oct 8, 2009, "closing on this possible acquisition is delayed".
http://investor.wedbush.com/wedbush/?GUID=10336976&Page=MediaViewer&Ticker=TECO
As of yet, no 8-k filed (Entry into Material Definitive Agreement)
The acquisition never happened.

Press Release dated: Aug 7, 2009
http://investor.wedbush.com/wedbush/?GUID=9678174&Page=MediaViewer&Ticker=TECO
Enters LOI to enter into a 50/50 Oil & Gas Joint Venture ("JV") with Discovery Resource Group, LLC
DRG is to secure an initial credit line from a bank of $2 million for drilling and work overs of wells.
The line of credit is projected to do work overs in West Texas, radial jet lateral line work overs, and drill new wells in Tennessee.

As of yet, no 8-k filed (Entry into Material Definitive Agreement)
No mention of this (JV) in the 10K for 2009 nor in any 10Q for 2010.
The (JV) never happened.
---
Press Release dated: Oct 8, 2009
http://investor.wedbush.com/wedbush/?GUID=10336976&Page=MediaViewer&Ticker=TECO
Agreement to acquire 54 oil and gas leases with Town Oil Co. in Paola, Kansas.

8-k filing date: Oct 14, 2009 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001568/0001116502-09-001568-index.htm

Per the Press Release dated, Jan 5, 2010, the agreement was completed.
http://investor.wedbush.com/wedbush/?GUID=11344539&Page=MediaViewer&Ticker=TECO

Per the Amended Sale and Purchase Agreement closing won’t be until Sept. 2010, or if extended, Dec 2010.
8-ka filing date: 1/12/2010 (Amended Material Definitve Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000111650210000035/0001116502-10-000035-index.htm

Per the Press Release dated, 12/20/2010, Treaty claims to have a funding commitment of $9 million for this property deal and that the purchase agreement has been extended to February 21, 2011.
http://newsblaze.com/story/2010122103295900001.mwir/topstory.html

Per the Press Release dated, 2/28/2011, "Treaty's lender is located in an area that has been affected by continued severe weather which has caused the lender to ask for a closing date of April 1, 2011."

In the 'Subsequent Events' entry for the 10k filed on 4/15/2011 it did not list this funding commitment nor did it state that the Kansas deal had closed.
The 10Q for 3/31/2011 filed on 5/16/2011 clearly indicated that, as of 3/31/2011, the Kansas deal had not been closed and there was no mention of the Kansas deal in the Subsequent Events section.

As of today, still no word from the company if the Kansas deal has been closed on.

(See IHub post titled "Kansas and Belize projects")
---
also in this PR:
SAGO Lease Ended the lease relationship
---
Press Release dated: Oct 29, 2009
http://investor.wedbush.com/wedbush/?GUID=10576563&Page=MediaViewer&Ticker=TECO
A letter of intent to purchase 56 wells on 600 acres near Converse, Louisiana.
The terms of the purchase are $350,000 cash at closing and one year owner financing for $650,000.
The lender for this acquisition is Midwest Capital Investments LLC, (registered in Florida, Dan Olson).
Per the 10-k for 2009, "The deal fell through do to inablility to obtain financing".
http://www.sec.gov/Archives/edgar/data/1075773/000135448810001193/0001354488-10-001193-index.htm
The 10,000,000 shares, posted by the “unnamed affiliate” as collateral, were forfeited.

Press Release dated: Nov 13, 2009
http://investor.wedbush.com/wedbush/?GUID=10768905&Page=MediaViewer&Ticker=TECO
Announces it is a acquiring a 70% net working interest in an oil and gas lease in Morgan County, Tennessee.

The lender for this acquisition is Midwest Capital Investments LLC, Dan Olson).
The Press Release dated: Dec 21, 2009 announced that the acquisition was successfully closed on.
http://investor.wedbush.com/wedbush/?GUID=11214454&Page=MediaViewer&Ticker=TECO

However:
Excerpt from 10-k for 2009, concerning this lease.
http://www.sec.gov/Archives/edgar/data/1075773/000135448810001193/0001354488-10-001193-index.htm
"As of the date of this report, we have been unsuccessful at obtaining financing to pay the promissory note and the seller has not transferred title to these assets."

Excerpt from 1st 10Q for 2010 "We owned no oil and gas properties at December 31, 2009 or March 31, 2010."
http://www.sec.gov/Archives/edgar/data/1075773/000135448810001706/0001354488-10-001706-index.htm
The acquisition never happened.
---
Press Release dated: April 4, 2010
http://investor.wedbush.com/wedbush/?GUID=12595641&Page=MediaViewer&Ticker=TECO
Announced the acquisition of three (3) oil wells and ten (10) gas wells from Discovery Resource Group, LLC.
The 3 oil wells are located in Venango County, Pennsylvania.
The ten gas wells are located in the Centerville and Mead districts of Tyler County, West Virginia.

As of yet, no 8-k filed (Entry into Material Definitive Agreement)
No mention of these acquisitions in any 10Q for 2010.
The acquisitions never happened.

Press Release dated: April 15, 2010
http://investor.wedbush.com/wedbush/?GUID=12691384&Page=MediaViewer&Ticker=TECO
Announced that it concluded the acquisition of five oil and gas leases in Tennessee on April 13, 2010.

Per this PR the leases are in Pickett County, Tennessee.
Byron Hill #1
H. Groce #1
H. Groce #2

Coleman Crouch #4
Wilburn Hill.

There were no 8-k’s filed (Entry into Material Definitive Agreement)
-----------------------------------------
As per the 10 Q for June 30, 2010 concerning the Tennessee leases:
http://www.sec.gov/Archives/edgar/data/1075773/000135448810002585/0001354488-10-002585-index.htm
TECO’s interest is 100% undivided working interest (82.5% royalty interest)
Price: 1.5 million shares of TECO which were contributed by “a major shareholder”.

The Tennessee leases were:
Robin Moody, 18.5 acres (1st shut in well reopened in Tennessee)
“On May 27, 2010, we entered into an agreement to sell 50% of our working interest in the Robin Moody #1 well for $20,000 in cash.”
“On June 11, 2010, we sold a 20% interest in the Robin Moody lease for $55,000 in cash.”

From the PR dated Sept 16, 2010
http://findarticles.com/p/articles/mi_pwwi/is_201009/ai_n55246328/
"Oil production has decreased to approximately 2 barrels of oil per day."
------------
Joseph Schwallie, 47 acres (2nd shut in well reopened in Tennessee)
” On June 11, 2010, we entered into an agreement to sell 35% of our working interest in the Joseph Schwallie #1 well to an investor for $20,000 cash.”
“Also on June 11, 2010, we entered into an agreement to sell another 20% of the Joseph Schwallie #1 well for $55,000 in cash.”

From the PR dated Sept 16, 2010
http://findarticles.com/p/articles/mi_pwwi/is_201009/ai_n55246328/
"To date we have been pumping water with small crude oil shows."
------------
Herbert Groce #1, 77 acres(3rd shut in well reopened in Tennessee)
“On June 18, 2010, we entered into an agreement to sell 50% of our working interest in the Herbert Groce #1 well for $45,000 in cash.”

From the PR dated Sept 16, 2010
http://findarticles.com/p/articles/mi_pwwi/is_201009/ai_n55246328/
"...we plan to plug and abandon the well."
---
Herbert Groce #2, 80 acres
---
Leeta West, 20 acres
---
Byron Hill, 18.5 acres
---
Terry Williams, 18.5 acres
---
Kimberly Hicks, 18.5 acres.
--
The Press Release dated: June 24, 2010 announced the addition of the COLEMAN CROUCH lease to its oil and gas lease properties in Pickett County Tennessee.
http://finance.yahoo.com/news/Treaty-Energy-Adds-Another-iw-1359885099.html?x=0&.v=1

But, the 2nd and 3rd 10Q's for 2010 made no mention of the Coleman Crouch #4 nor the Wilburn Hill.
----------------------------------------
Press Release dated: April 22, 2010
http://investor.wedbush.com/wedbush/?GUID=5845413&Page=MEDIAVIEWER
Entered into a 50\50 Joint Venture Agreement with Princess Petroleum Limited.
As part of the joint venture Treaty will have the right to explore for oil and gas on a total of 2,000,000 acres.
Treaty intends to start drilling its first well no later than July 1, 2010.(It didn't happen.)

As of yet, no 8-k filed (Entry into Material Definitive Agreement), but mentioned in the 10Q, dated June 30, 2010.
http://www.sec.gov/Archives/edgar/data/1075773/000135448810002585/0001354488-10-002585-index.htm

See the post titled "Kansas and Belize projects" by smithsd7 for other information.
----------------------------------------
Press Release dated: April 1, 2011
http://www.marketwire.com/press-release/Treaty-Energy-Acquires-Oil-Gas-Company-1421275.htm

Announced the purchase of C&C Petroleum Management LLC, an Indiana company, with oil and gas properties in Texas.
Indiana SOS webpage:
https://secure.in.gov/sos/online_corps/name_search_results.aspx?search_name=C%26C+Petroleum+Management+LLC&search_type=exact&client_id=&submit.x=44&submit.y=8&search_mode=search

This purchase includes the following leases:
HENDERSON LEASE - 40 Acres
LONG LEASE - 37.5 Acres
BARNES LEASE - 80 Acres

8-k filing date: April 5, 2011 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001099/0001354488-11-001099-index.htm

The 8k states that the acquisition of C&C closed on March 31, 2011.
The Sale Agreement says that the closing date is set for April 8, 2011.

From the "Assignment of Oil and Gas Lease.pdf", which is downloadable by clicking on the heading "Texas" on Treatys "Project" webpage, the TRRC Lease numbers are listed as:
HENDERSON LEASE - TRRC District 7B, Lease #00324
LONG LEASE - TRRC District 7B, Lease #00324 (same as Henderson Lease, weird, "Long" lease doesn't show up)
I could find nothing on the "Long" lease, due to the wrong Lease number.
P. H. BARNES LEASE - TRRC District 7B, Lease #08680 and #25394
This number (P – 17 #5596) is also shown for the Barnes lease. I don't know what significence it has.

Treaty says that the Barnes lease is producing 10 to 15 barrels of oil per day.
http://www.marketwire.com/press-release/Treaty-Energy-Acquires-Oil-Gas-Company-1421275.htm

The TRRC site doesn't confirm this number.

Production records can be found at:
http://webapps2.rrc.state.tx.us/EWA/specificLeaseQueryAction.do;jsessionid=mHVTNypdQSJjn097vhqdLZynyvh8kyl72yVh8LxhD2by8QZhLQ2b!1597989945
---
Also in this PR:
"Stephen York joins Treaty Energy as Vice President of Acquisitions and Operations for the State of Texas and will oversee operation of the drilling process in Belize."
----------------------------------------
Press Release dated: April 12, 2011
http://www.prnewswire.com/news-releases/treaty-energy-to-acquire-producing-oil-and-gas-leases-119687634.html

Treaty announced it has signed a LOI to purchase additional producing oil and gas leases in the Shackelford County Regular Field, in the Texas 7B Oil District. Treaty says that this acquisition is projected to close on April 14, 2011.
See "A second Press Release dated: April 20, 2011" below for the 8k link.
----------------------------------------
Press Release dated: April 20, 2011
http://www.marketwire.com/press-release/treaty-energy-purchases-drilling-rig-and-drilling-contracts-otcbb-teco-1504764.htm

Treaty Energy announces the purchases of a small, shallow-well drilling Rig.

8-k filing date: April 20, 2011 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001229/0001354488-11-001229-index.htm
----------------------------------------
A second Press Release dated: April 20, 2011(Shackelford County)
http://finance.yahoo.com/news/Treaty-Energy-Acquires-Two-prnews-2226412180.html?x=0&.v=1
Treaty Energy announces the acquisition of two additional Texas leases.

"Treaty indicated that production on these leases is currently 4.18 barrels of oil per day."
"Private financing to fund the drilling had been arranged prior to the acquisition of the Failing Drilling Rig."
---
The lease numbers are from the 8k filed on 4/21/2011:
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001241/0001354488-11-001241-index.htm

SHOTWELL W. F. TRC Lease #7B-03520
http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=SHOTWELL%252C%2BW.%2BF.&univDocNo=556395

SHOTWELL "C" TRC Lease #7B-28384
http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=SHOTWELL%2B%2522C%2522&univDocNo=552808
http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=SHOTWELL%2B%2522C%2522&univDocNo=558344

From the TRRC production records I don't see 4.19 barrels of oil per day; I see less than 2 barrels per day. The records for march hadn't been submitted when I last checked.

Specific Lease Query Criteria web page at the TRRC:
http://webapps2.rrc.state.tx.us/EWA/specificLeaseQueryAction.do;jsessionid=mHVTNypdQSJjn097vhqdLZynyvh8kyl72yVh8LxhD2by8QZhLQ2b!1597989945

#7B is the imput for 'District' and the following number (e.g.03520) is for the 'Lease No.'

Be sure to set the date range.

Per the Treaty PR dated 4/29/2011
http://finance.yahoo.com/news/Treaty-Energy-Updates-iw-2380195453.html?x=0&.v=1

The closing on this acquisition has been delayed until June 7.
The following letter, in a .pdf file, is from the seller's attorney addressing this situation.
http://media.marketwire.com/attachments/201104/25114_Clavo-GreenRiver-Treaty-ConfirmLtr.pdf
----------------------------------------
Press Release dated: May 11, 2011
http://www.marketwatch.com/story/treaty-energy-corporation-establishes-drilling-company-2011-05-11
Treaty Energy announced that it has established the subsidiaryTreaty Energy Drilling, LLC a Texas company.
Quote from this PR, "Our new drilling company will be acquiring a second drilling rig immediately to perform all drilling operations that will be required in Belize."
----------------------------------------
Press Release dated: May 23, 2011
http://www.marketwire.com/press-release/Treaty-Energy-Acquires-Eight-Additional-Oil-Leases-in-Texas-PINKSHEETS-TECO-1517758.htm
Treaty Energy announces that it has acquired eight additional Oil Leases in Texas.

8-k filing date: 5/27/2011 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001725/0001354488-11-001725-index.htm
----------------------------------------
Press Release dated: June 1, 2011
http://finance.yahoo.com/news/Treaty-Energy-Corporation-prnews-159269188.html?x=0&.v=1
Treaty announces that they have purchased a small drill rig mounted on a Chevrolet Flat Bed for the Belize project.

atrevido76, no not even close.eom

Important DD for all investors

From the merger Agreement:
http://www.sec.gov/Archives/edgar/data/1075773/000135448808002139/ex101.htm

EFFECT ON CAPITAL STOCK; SURRENDER OF CERTIFICATES AND PAYMENT
ARTICLE II
"with 397,440,000 of such shares to be issued to TK Holdings; and 16,560,000 of such shares to be issued to Osprey Partners’s designee, Michael A. Mulshine, constituting 90% of the issued and outstanding common stock of ARGY."

The A/S was 500,000,000 (Note: It is now 750,000,000)
O/S was.....460,061,553
.........................................Shares
TK Holdings.......................397,440,000....86.39 % of O/S
Osprey Partners..................16,560,000.....3.6 % of O/S
(designee, Michael A. Mulshine)

---------

From the 10-k filed 5/15/2009:
http://www.sec.gov/Archives/edgar/data/1075773/000135448809000366/treaty10k.htm
TK Holdings, LLC (a.k.a. Tri Koon Holdings)
310 North Willis, Suite 212,
Abilene, Texas 79603

---------

I believe that the fictatious name "TK Holdings, LLC"
http://sunbiz.org/scripts/ficidet.exe?action=DETREG&docnum=G09013900355&rdocnum=G02007900411
used in the 10k, instead of the real name "Tri Koon Holdings, LLC", was in order to hide the fact that the Alonzo's and Blackburn were the principles involved with TECO.(an example of smoke and mirrors, not transparency)

If you look up TK Holdings, LLC on the Texas site
https://ourcpa.cpa.state.tx.us/coa/servlet/cpa.app.coa.CoaGetTp?Pg=tpid&Search_Nm=TK%20Holdings%20&Button=search&Search_ID=10437185415
the Alonzo's and Blackburn don't show up, because its the wrong company.
It's only when you look up Tri Koon Holdings, LLC or TK Holdings(Fictitious Name Search) on the Florida site, that the curtain is lifted.

http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=L08000094414&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=TRIKOONHOLDINGS&names_filing_type=

10/03/2008 -- Florida Limited Liability:

Electronic Articles of Organization
Dated October 03, 2008
The officers of Tri Koon Holdings were:
Paul Alonzo
Ronald Blackburn
Carolyn Alonzo
--------------

Why would they want to hide the involvement of the Alonzo's and Blackburn?

UNITED STATES BANKRUPTCY COURT
EASTERN DISTRICT OF LOUISIANA

IN RE: PHOENIX ASSOCIATES LAND SYNDICATE, INC.
CASE NO. 09-11743
CHAPTER 7
DEBTOR

WILBUR J. “BILL” BABIN, JR., IN HIS
CAPACITY AS TRUSTEE OF THE
BANKRUPTCY ESTATE OF PHOENIX
ASSOCIATES LAND SYNDICATE,
PLAINTIFF

"Between June 10, 2005 and June 10, 2009 (the four year reach-back period under Nevada law), Phoenix distributed in excess of $6,000,000.00 to its three principals, Paul Alonzo, Carolyn Alonzo, and Ronald Blackburn. At the same time that it was distributing these millions of dollars to its principals, Phoenix submerged sharply into deeper levels of debt. Schedule F of the Debtor’s bankruptcy schedules tallies a total indebtedness at $20,135,813.313 (Bankruptcy Case Doc. 39). The Trustee has determined that the distributions to the Alonzos and Blackburn were paid at the expense of its and its companies’ unpaid creditors, and constituted fraudulent conveyances and unlawful dividends under Nevada and federal bankruptcy law.

Since 2003, creditors have been pursuing Phoenix. According to the Statement of Financial Affairs, at least forty creditors have filed suits in various courthouses across the country and are seeking collection of their claims."
---
Background links for Ronald L Blackburn:

Toledo Blade Article May 19, 1990
http://news.google.com/newspapers?nid=1350&dat=19900519&id=6g4VAAAAIBAJ&sjid=EgMEAAAAIBAJ&pg=6853,5403156

Toledo Blade Article September 10, 1999
http://news.google.com/newspapers?id=5IYUAAAAIBAJ&sjid=9QMEAAAAIBAJ&pg=6727,3477522&dq=former-sylvania-man-sentenced-to-37-months-in-income-tax&hl=en

Federal Bureau of Prisons
http://www.bop.gov/iloc2/InmateFinderServlet?Transaction=NameSearch&needingMoreList=false&FirstName=Ronald&Middle=L&LastName=Blackburn&Race=U&Sex=M&Age=63&x=81&y=10
--------------------------------
The old officer list of TREATY ENERGY CORPORATION:
GARY E DUNHAM
DAVID HALLIN
RONDA HYATT
RANDALL NEWTON

Blackburn fired the old management as mentioned in these TECO documents filed with the sec on July 8, 2009...

http://www.sec.gov/Archives/edgar/data/1075773/000111650209001454/treaty_171.htm
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001454/treaty_172.htm
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001454/treaty_173.htm
--------------
Blackburn dissolved Tri Koon Holdings, LLC as recorded in this document:
11/19/2009 -- LC Voluntary Dissolution
on the Florida site.

http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=L08000094414&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=TRIKOONHOLDINGS&names_filing_type=

If the notation in Blackburns own hand is accurate(and I see no reason to believe that it is not) then he owned 100% of Tri Koon Holdings interest in TECO at that time.(397,440,000 shares....86.39 % of O/S)

And why did the 10K(dated Dec 31, 2009) list TK Holdings, LLC as a beneficial owner when it was already dissolved? The rightful entry of beneficial owner should have been Ronald L Blackburn.

I see that they are finally using his name, instead of the curtain of "TK Holdings".

Per the 10k for 2010
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001208/0001354488-11-001208-index.htm
he owned 67,353,946. Some of those shares have gone for acquisitions ( I haven't tallied them, but definitely not 330,086,054), he seems to be selling hand over fist. Or maybe alot of them were converted into voting Preferred shares that would suck out a lot of the profit from Treaty, should there ever be any. The common shares that were converted would probably go to the treasury, most likely to be sold by Treaty, causing further dilution and suppressing the PPS further.

--------------------------------
--------------------------------
Background links for Andrew V. Reid, Treaty's CEO

Excerpt from:
http://www.nola.com/business/index.ssf/2010/12/new_orleans_newest_public_comp.html
---
History of fraud

Micro-cap stocks, or companies with fewer than 500 investors and $10 million in assets like Orpheum Property, don't have to make filings with the U.S. Securities and Exchange Commission. No filings have been made about the Orpheum merger or name change.

The SEC notes that many micro-cap stocks are legitimate businesses, "but the lack of reliable, readily available information about some microcap companies can open the door to fraud." Fraud perpetrators often pay promoters to tout their stock and issue news releases that are exaggerated or untrue, the SEC warns.

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.
---

Excerpts from:
http://www.nola.com/business/t-p/index.ssf?/base/money-5/1292739703145850.xml&coll=1

"The Financial Industry Regulatory Authority Inc., the industry group that regulates securities brokers, has seven closed securities investigations on file for Reid alleging things like misrepresentation, fraud, negligence, breach of contract, unsuitable trading and investing, violating securities regulations and depositing a check meant for the firm into his personal account."

"I was never found to be at fault for harming any investors," Reid said, a statement which conflicts with the official account in his 22-page report.
------------------------------------------------------------------------
Note: Michael A. Mulshine is also involved with Orpheum Property Inc.
http://www.reuters.com/finance/stocks/companyOfficers?symbol=PLFF.PK

and Phoenix Associates Land Syndicate, Inc.
http://findarticles.com/p/articles/mi_pwwi/is_200605/ai_n16350121/

------------------------------------------------------------------------
S8 filed with the SEC on 2/23/2011 where 100,000,000 shares were registered for sale for legal defense purposes.
http://www.sec.gov/Archives/edgar/data/1075773/000135448811000585/0001354488-11-000585-index.htm

Excerpt:
"As permitted by the provisions of the Nevada Revised Statutes (the "NRS"), the Company has the power to indemnify any person made a party to an action, suit or proceeding by reason of the fact that they are or were a director, officer, employee or agent of the Company, against expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by them in connection with any such action, suit or proceeding if they acted in good faith and in a manner which they reasonably believed to be in, or not opposed to, the best interest of the Company and, in any criminal action or proceeding, they had no reasonable cause to believe their conduct was unlawful. Termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, does not, of itself, create a presumption that the person did not act in good faith and in a manner which they reasonably believed to be in or not opposed to the best interests of the Company, and, in any criminal action or proceeding, they had no reasonable cause to believe their conduct was unlawful."

Link to some court documents concerning Treaty:
http://smithsd7spage.weebly.com/

Kansas and Belize projects

Kansas deal numbers

Paragraph 5 of the amended sale and purchase agreement(teco_ex991008.gif)
http://www.sec.gov/Archives/edgar/data/1075773/000111650210000035/0001116502-10-000035-index.htm

clearly states:
"Buyer shall deliver to Seller the full payment of Six Million Dollars($6,000,000.00) in collected funds at closing."
-----------------
Per the Reserve Report:
http://findarticles.com/p/articles/mi_pwwi/is_201001/ai_n47546970/

Operating Expenses; oil wells $225/well-month = $2,700/well-year
Operating Expenses; deeper oil wells $750 - $850/well-month = $9,000/well-year
---
660 well x $2,700 = $1,782,000 operating expense per year(conservative)
-----------------
current production = 135 bbls/day using $70/bbl = $3,449,250/year gross revenue, minus the 5% overriding royalty interest for Town Oil($172,463) = $3,276,787
$3,276,787 - $1,782,000 operating expense/year =
$1,494,787 pre-tax income for deposit to the joint operating account.
Treaty gets 50% of this = $747,394 per year, which is put into the "joint operating account", and which they intend to use to help pay for the wells.
------
They owe $6,000,000 at closing or they default.
Excerpt from the PR dated 12/20/2010 "Treaty Energy and Town Oil have agreed to extend the term of the purchase agreement to February 21, 2011."

Excerpts from the PR dated 2/28/2011
"Treaty's lender is located in an area that has been affected by continued severe weather which has caused the lender to ask for a closing date of April 1, 2011."

"Treaty has asked for additional time from Town Oil and has been told to continue toward the loan closing and they would hold off on taking possession of the 60 million shares of Treaty Energy stock held in escrow as liquidated damages should the loan not close. Just to be clear, these shares are held in an escrow account in Kansas and can be converted from the listed owner of the shares to Town Oil at their discretion should the loan not close."

I found the wording of the PR a bit ambiguous.
It doesn't specifically say that Town Oil agreed to the date of April 1, 2011, only that the lender asked for that date.

And it certainly didn't say anything about any signed and notarized agreement to extend the date.

Without a signed and notarized agreement Town Oil can, if they so decide, call the deal null and void and take the shares that are being held in escrow at any time. Maybe they'll wait until April 1 and maybe they won't.


$6,000,000 - $747,394 = $5,252,606 that they need to come up with from a source other than the current well production of these leases.

If they default, what will be forfeited is:
the $900,000 in stock(60 million shares per PR released Feb 28, 2011) that has been placed in escrow as earnest money and all of the funds accrued in the "joint operating account".

Drilling Cost - Oil well $30,000/well
Drilling Cost - Injector $20,000/well
-----------------
Pr dated Dec 20, 2010
Treaty claims to have a funding commitment for the Kansas property by an, as yet, unnamed lender.
http://www.marketwire.com/press-release/Treaty-Energy-Corporation-Announces-9-Million-Funding-Commitment-Acquire-Assets-Town-1371761.htm

The 10Q for 3/31/2011 filed on 5/16/2011 clearly indicated that, as of 3/31/2011, the Kansas deal had not been closed and there was no mention of it in the Subsequent Events section either.
As of this date, due to the lack of follow up by TECO to its shareholders, things are looking real bad concerning Kansas.

See post titled "A summary of the Acquisition PR’s and 8-k’s" to see their track record for accomplishing the other claims that they've made in PR's.
====================================================
====================================================
The Belize project

4/22/2010 Treaty Energy PR
http://investor.wedbush.com/wedbush/?GUID=5845413&Page=MEDIAVIEWER
Entered into a 50\50 Joint Venture Agreement with Princess Petroleum Limited.
Treaty intends to start drilling its first well no later than July 1, 2010.(It didn't happen.)
---
From the 10Q dated 6/30/2010 concerning the Belize project:
http://www.sec.gov/Archives/edgar/data/1075773/000135448810002585/0001354488-10-002585-index.htm
“A major shareholder of the Company paid $100,000 cash as required under the agreement.”
(Note: This dollar amount is inaccurate, see 8ka filed on 3/31/2011)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001031/0001354488-11-001031-index.htm
(and also see the 8ka filed on 4/5/2011)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001100/teco_8ka.htm
Kind of makes me wonder how well this shareholder (Ron Blackburn, 'my assumption') is keeping the official management of this company up to date on his wheeling and dealings.

“In July, 2010, we sold a 5% interest in our investment in the Joint Venture with Princess Petroleum Limited (2.5% of the total partnership interest) to an investor for $250,000 in cash.”

"We intend to finance the drilling of one to three wells by selling additional interests in our Joint Venture with Princess Petroleum Limited."

From the Treaty Belize Energy Limited 'Articles of Incorporation' document, downloadable via Treaty's website, the percentages are now:
50% Princess
40% Treaty
2.5% Bass
2.5% Cluff
5% BASCO.LLC
---
07/02/2010 Amandala Newspaper article
http://www.amandala.com.bz/index.php?id=10024
"Broke, no experience, but gets oil concession!!"

"Cho, however, put little weight on the fact that the partner of Princess, Treaty Energy Corporation, continues to be “in the red,” and with very little to invest in Belize."

"One of the investors in Treaty with whom we had a chance to communicate this week told us that many, including the Government of Belize, think that crude and natural gas reserves are “plentiful” in Belize."

"As to the partnership between Princess and Treaty, Cho said that although Treaty wants a stake in the Princess Petroleum production sharing agreement, the Government of Belize would need to approve it. However, Treaty can still continue works for Princess under the existing “farm in” agreement, of which he says the Government has received a copy."
---

7/15/2010 Treaty Energy PR
http://www.marketwire.com/press-release/Treaty-Energy-Reports-Progress-on-Tennessee-and-Belize-Oil-and-Gas-Leases-1290939.htm
"Treaty representatives flew to Panama City, Panama, for meetings the past Monday with the president of Princess Petroleum, Inc. Both groups then flew to Belize City for meetings with government officials to layout the drilling plan that the Treaty/Princess joint venture proposes to implement. Treaty Energy indicated that it has funding in place to proceed with the required efforts to pick the first drill site and then drill well #1 as soon as can be done, and working with its partner, Princess Petroleum, will assure that all drilling projects will be in compliance with rules and regulations of the Belize government."

7/21/2010 Article quoting Director of Geology and Petroleum, Andre Cho/Belize:
http://belizean.com/news/belize-petroleum-director-comments-on-treaty-energy-statement/
"The Belize Petroleum and Geology Department has denied reports in a press release from Treaty Energy Corporation claiming it met with government officials in Belize last week."
---
9/20/2010 Treaty Energy PR announcing the signing of a service contract between Treaty and Radar Satellite Solutions on July 20, 2010.
http://finance.yahoo.com/news/Treaty-Energy-Reports-Signing-iw-708494159.html?x=0&.v=1

Link to Treaty's website for Radar Satellite Solutions initial analysis report of a portion of the land based concession in Belize.
http://www.treatyenergy.com/belize1/belize1.htm

03/17/2011 Treaty Energy PR:
http://www.marketwire.com/press-release/Treaty-Energy-Updates-Progress-on-Belize-1413250.htm
"Drilling Schedule: The Company explained that it has made very strong progress on this project at a relatively reasonable level of expenses to-date, and it is very close to announcing up to three initial drilling locations, with a projected drilling date within 60 to 90 days."

also:
"...to date $725,000 has been invested in the Belize project by Treaty Energy."
(Note: This dollar amount maybe inaccurate, see 8ka filed on 3/31/2011)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001031/0001354488-11-001031-index.htm
---
4/1/2011 Treaty Energy PR:
http://www.marketwire.com/press-release/Treaty-Energy-Acquires-Oil-Gas-Company-1421275.htm
Drilling process in Belize is set to commence in May 2011.
---
5/3/2011 Treaty Energy PR:
http://finance.yahoo.com/news/Treaty-Energy-Forms-Treaty-prnews-1872257313.html?x=0&.v=1
Treaty announces selection of first eight drilling locations.
---
5/9/2011 Treaty Energy PR:
http://finance.yahoo.com/news/Treaty-Energy-Corporation-prnews-1856752106.html?x=0&.v=1
Treaty announced that it has completed the organization of its new Belizean operating subsidiary, Treaty Belize Energy Limited.

A summary of the Acquisition PR’s and 8-k’s

Form 8-K
http://www.sec.gov/answers/form8k.htm
----------------------
Press Release dated: Jan 09, 2009
http://www.financialnewsusa.com/finance/archives/6625-treaty-energy-corporation-2
Enters LOI to acquire the VAGO #1 Project,. Taylor County, Texas(west texas)160 acres
-----
Per PR dated July 30, 2009, acquisition completed.
http://investor.wedbush.com/wedbush/?GUID=9596283&Page=MediaViewer&Ticker=TECO
8-k filing date: Aug 4, 2009 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001175/0001116502-09-001175-index.htm

Per PR dated, Oct 8, 2009, acquisition rescinded.
http://investor.wedbush.com/wedbush/?GUID=10336976&Page=MediaViewer&Ticker=TECO
No 8-k filed (Termination of Material Definitive Agreement), but noted in the 10Q filed 11/16/2009.

Press Release dated: July 9, 2009
http://www.istockanalyst.com/article/viewiStockNews/articleid/3340419
Enters LOI to acquire a 360-acre lease in Taylor County, Texas

Per the PR dated Oct 8, 2009, "closing on this possible acquisition is delayed".
http://investor.wedbush.com/wedbush/?GUID=10336976&Page=MediaViewer&Ticker=TECO
As of yet, no 8-k filed (Entry into Material Definitive Agreement)
The acquisition never happened.

Press Release dated: July 15, 2009
http://www.istockanalyst.com/article/viewiStockNews/articleid/3350692
Enters LOI to acquire a 113 acre Baker lease in Brown County, Texas

Per the PR dated Oct 8, 2009, "closing on this possible acquisition is delayed".
http://investor.wedbush.com/wedbush/?GUID=10336976&Page=MediaViewer&Ticker=TECO
As of yet, no 8-k filed (Entry into Material Definitive Agreement)
The acquisition never happened.

Press Release dated: Aug 7, 2009
http://investor.wedbush.com/wedbush/?GUID=9678174&Page=MediaViewer&Ticker=TECO
Enters LOI to enter into a 50/50 Oil & Gas Joint Venture ("JV") with Discovery Resource Group, LLC
DRG is to secure an initial credit line from a bank of $2 million for drilling and work overs of wells.
The line of credit is projected to do work overs in West Texas, radial jet lateral line work overs, and drill new wells in Tennessee.

As of yet, no 8-k filed (Entry into Material Definitive Agreement)
No mention of this (JV) in the 10K for 2009 nor in any 10Q for 2010.
The (JV) never happened.
---
Press Release dated: Oct 8, 2009
http://investor.wedbush.com/wedbush/?GUID=10336976&Page=MediaViewer&Ticker=TECO
Agreement to acquire 54 oil and gas leases with Town Oil Co. in Paola, Kansas.

8-k filing date: Oct 14, 2009 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001568/0001116502-09-001568-index.htm

Per the Press Release dated, Jan 5, 2010, the agreement was completed.
http://investor.wedbush.com/wedbush/?GUID=11344539&Page=MediaViewer&Ticker=TECO

Per the Amended Sale and Purchase Agreement closing won’t be until Sept. 2010, or if extended, Dec 2010.
8-ka filing date: 1/12/2010 (Amended Material Definitve Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000111650210000035/0001116502-10-000035-index.htm

Per the Press Release dated, 12/20/2010, Treaty claims to have a funding commitment of $9 million for this property deal and that the purchase agreement has been extended to February 21, 2011.
http://newsblaze.com/story/2010122103295900001.mwir/topstory.html

Per the Press Release dated, 2/28/2011, "Treaty's lender is located in an area that has been affected by continued severe weather which has caused the lender to ask for a closing date of April 1, 2011."

In the 'Subsequent Events' entry for the 10k filed on 4/15/2011 it did not list this funding commitment nor did it state that the Kansas deal had closed.
The 10Q for 3/31/2011 filed on 5/16/2011 clearly indicated that, as of 3/31/2011, the Kansas deal had not been closed and there was no mention of the Kansas deal in the Subsequent Events section.

As of today, still no word from the company if the Kansas deal has been closed on.

(See IHub post titled "Kansas and Belize projects")
---
also in this PR:
SAGO Lease Ended the lease relationship
---
Press Release dated: Oct 29, 2009
http://investor.wedbush.com/wedbush/?GUID=10576563&Page=MediaViewer&Ticker=TECO
A letter of intent to purchase 56 wells on 600 acres near Converse, Louisiana.
The terms of the purchase are $350,000 cash at closing and one year owner financing for $650,000.
The lender for this acquisition is Midwest Capital Investments LLC, (registered in Florida, Dan Olson).
Per the 10-k for 2009, "The deal fell through do to inablility to obtain financing".
http://www.sec.gov/Archives/edgar/data/1075773/000135448810001193/0001354488-10-001193-index.htm
The 10,000,000 shares, posted by the “unnamed affiliate” as collateral, were forfeited.

Press Release dated: Nov 13, 2009
http://investor.wedbush.com/wedbush/?GUID=10768905&Page=MediaViewer&Ticker=TECO
Announces it is a acquiring a 70% net working interest in an oil and gas lease in Morgan County, Tennessee.

The lender for this acquisition is Midwest Capital Investments LLC, Dan Olson).
The Press Release dated: Dec 21, 2009 announced that the acquisition was successfully closed on.
http://investor.wedbush.com/wedbush/?GUID=11214454&Page=MediaViewer&Ticker=TECO

However:
Excerpt from 10-k for 2009, concerning this lease.
http://www.sec.gov/Archives/edgar/data/1075773/000135448810001193/0001354488-10-001193-index.htm
"As of the date of this report, we have been unsuccessful at obtaining financing to pay the promissory note and the seller has not transferred title to these assets."

Excerpt from 1st 10Q for 2010 "We owned no oil and gas properties at December 31, 2009 or March 31, 2010."
http://www.sec.gov/Archives/edgar/data/1075773/000135448810001706/0001354488-10-001706-index.htm
The acquisition never happened.
---
Press Release dated: April 4, 2010
http://investor.wedbush.com/wedbush/?GUID=12595641&Page=MediaViewer&Ticker=TECO
Announced the acquisition of three (3) oil wells and ten (10) gas wells from Discovery Resource Group, LLC.
The 3 oil wells are located in Venango County, Pennsylvania.
The ten gas wells are located in the Centerville and Mead districts of Tyler County, West Virginia.

As of yet, no 8-k filed (Entry into Material Definitive Agreement)
No mention of these acquisitions in any 10Q for 2010.
The acquisitions never happened.

Press Release dated: April 15, 2010
http://investor.wedbush.com/wedbush/?GUID=12691384&Page=MediaViewer&Ticker=TECO
Announced that it concluded the acquisition of five oil and gas leases in Tennessee on April 13, 2010.

Per this PR the leases are in Pickett County, Tennessee.
Byron Hill #1
H. Groce #1
H. Groce #2

Coleman Crouch #4
Wilburn Hill.

There were no 8-k’s filed (Entry into Material Definitive Agreement)
-----------------------------------------
As per the 10 Q for June 30, 2010 concerning the Tennessee leases:
http://www.sec.gov/Archives/edgar/data/1075773/000135448810002585/0001354488-10-002585-index.htm
TECO’s interest is 100% undivided working interest (82.5% royalty interest)
Price: 1.5 million shares of TECO which were contributed by “a major shareholder”.

The Tennessee leases were:
Robin Moody, 18.5 acres (1st shut in well reopened in Tennessee)
“On May 27, 2010, we entered into an agreement to sell 50% of our working interest in the Robin Moody #1 well for $20,000 in cash.”
“On June 11, 2010, we sold a 20% interest in the Robin Moody lease for $55,000 in cash.”

From the PR dated Sept 16, 2010
http://findarticles.com/p/articles/mi_pwwi/is_201009/ai_n55246328/
"Oil production has decreased to approximately 2 barrels of oil per day."
------------
Joseph Schwallie, 47 acres (2nd shut in well reopened in Tennessee)
” On June 11, 2010, we entered into an agreement to sell 35% of our working interest in the Joseph Schwallie #1 well to an investor for $20,000 cash.”
“Also on June 11, 2010, we entered into an agreement to sell another 20% of the Joseph Schwallie #1 well for $55,000 in cash.”

From the PR dated Sept 16, 2010
http://findarticles.com/p/articles/mi_pwwi/is_201009/ai_n55246328/
"To date we have been pumping water with small crude oil shows."
------------
Herbert Groce #1, 77 acres(3rd shut in well reopened in Tennessee)
“On June 18, 2010, we entered into an agreement to sell 50% of our working interest in the Herbert Groce #1 well for $45,000 in cash.”

From the PR dated Sept 16, 2010
http://findarticles.com/p/articles/mi_pwwi/is_201009/ai_n55246328/
"...we plan to plug and abandon the well."
---
Herbert Groce #2, 80 acres
---
Leeta West, 20 acres
---
Byron Hill, 18.5 acres
---
Terry Williams, 18.5 acres
---
Kimberly Hicks, 18.5 acres.
--
The Press Release dated: June 24, 2010 announced the addition of the COLEMAN CROUCH lease to its oil and gas lease properties in Pickett County Tennessee.
http://finance.yahoo.com/news/Treaty-Energy-Adds-Another-iw-1359885099.html?x=0&.v=1

But, the 2nd and 3rd 10Q's for 2010 made no mention of the Coleman Crouch #4 nor the Wilburn Hill.
----------------------------------------
Press Release dated: April 22, 2010
http://investor.wedbush.com/wedbush/?GUID=5845413&Page=MEDIAVIEWER
Entered into a 50\50 Joint Venture Agreement with Princess Petroleum Limited.
As part of the joint venture Treaty will have the right to explore for oil and gas on a total of 2,000,000 acres.
Treaty intends to start drilling its first well no later than July 1, 2010.(It didn't happen.)

As of yet, no 8-k filed (Entry into Material Definitive Agreement), but mentioned in the 10Q, dated June 30, 2010.
http://www.sec.gov/Archives/edgar/data/1075773/000135448810002585/0001354488-10-002585-index.htm

See the post titled "Kansas and Belize projects" by smithsd7 for other information.
----------------------------------------
Press Release dated: April 1, 2011
http://www.marketwire.com/press-release/Treaty-Energy-Acquires-Oil-Gas-Company-1421275.htm

Announced the purchase of C&C Petroleum Management LLC, an Indiana company, with oil and gas properties in Texas.
Indiana SOS webpage:
https://secure.in.gov/sos/online_corps/name_search_results.aspx?search_name=C%26C+Petroleum+Management+LLC&search_type=exact&client_id=&submit.x=44&submit.y=8&search_mode=search

This purchase includes the following leases:
HENDERSON LEASE - 40 Acres
LONG LEASE - 37.5 Acres
BARNES LEASE - 80 Acres

8-k filing date: April 5, 2011 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001099/0001354488-11-001099-index.htm

The 8k states that the acquisition of C&C closed on March 31, 2011.
The Sale Agreement says that the closing date is set for April 8, 2011.

From the "Assignment of Oil and Gas Lease.pdf", which is downloadable by clicking on the heading "Texas" on Treatys "Project" webpage, the TRRC Lease numbers are listed as:
HENDERSON LEASE - TRRC District 7B, Lease #00324
LONG LEASE - TRRC District 7B, Lease #00324 (same as Henderson Lease, weird, "Long" lease doesn't show up)
I could find nothing on the "Long" lease, due to the wrong Lease number.
P. H. BARNES LEASE - TRRC District 7B, Lease #08680 and #25394
This number (P – 17 #5596) is also shown for the Barnes lease. I don't know what significence it has.

Treaty says that the Barnes lease is producing 10 to 15 barrels of oil per day.
http://www.marketwire.com/press-release/Treaty-Energy-Acquires-Oil-Gas-Company-1421275.htm

The TRRC site doesn't confirm this number.

Production records can be found at:
http://webapps2.rrc.state.tx.us/EWA/specificLeaseQueryAction.do;jsessionid=mHVTNypdQSJjn097vhqdLZynyvh8kyl72yVh8LxhD2by8QZhLQ2b!1597989945
---
Also in this PR:
"Stephen York joins Treaty Energy as Vice President of Acquisitions and Operations for the State of Texas and will oversee operation of the drilling process in Belize."
----------------------------------------
Press Release dated: April 12, 2011
http://www.prnewswire.com/news-releases/treaty-energy-to-acquire-producing-oil-and-gas-leases-119687634.html

Treaty announced it has signed a LOI to purchase additional producing oil and gas leases in the Shackelford County Regular Field, in the Texas 7B Oil District. Treaty says that this acquisition is projected to close on April 14, 2011.
See "A second Press Release dated: April 20, 2011" below for the 8k link.
----------------------------------------
Press Release dated: April 20, 2011
http://www.marketwire.com/press-release/treaty-energy-purchases-drilling-rig-and-drilling-contracts-otcbb-teco-1504764.htm

Treaty Energy announces the purchases of a small, shallow-well drilling Rig.

8-k filing date: April 20, 2011 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001229/0001354488-11-001229-index.htm
----------------------------------------
A second Press Release dated: April 20, 2011(Shackelford County)
http://finance.yahoo.com/news/Treaty-Energy-Acquires-Two-prnews-2226412180.html?x=0&.v=1
Treaty Energy announces the acquisition of two additional Texas leases.

"Treaty indicated that production on these leases is currently 4.18 barrels of oil per day."
"Private financing to fund the drilling had been arranged prior to the acquisition of the Failing Drilling Rig."
---
The lease numbers are from the 8k filed on 4/21/2011:
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001241/0001354488-11-001241-index.htm

SHOTWELL W. F. TRC Lease #7B-03520
http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=SHOTWELL%252C%2BW.%2BF.&univDocNo=556395

SHOTWELL "C" TRC Lease #7B-28384
http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=SHOTWELL%2B%2522C%2522&univDocNo=552808
http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=SHOTWELL%2B%2522C%2522&univDocNo=558344

From the TRRC production records I don't see 4.19 barrels of oil per day; I see less than 2 barrels per day. The records for march hadn't been submitted when I last checked.

Specific Lease Query Criteria web page at the TRRC:
http://webapps2.rrc.state.tx.us/EWA/specificLeaseQueryAction.do;jsessionid=mHVTNypdQSJjn097vhqdLZynyvh8kyl72yVh8LxhD2by8QZhLQ2b!1597989945

#7B is the imput for 'District' and the following number (e.g.03520) is for the 'Lease No.'

Be sure to set the date range.

Per the Treaty PR dated 4/29/2011
http://finance.yahoo.com/news/Treaty-Energy-Updates-iw-2380195453.html?x=0&.v=1

The closing on this acquisition has been delayed until June 7.
The following letter, in a .pdf file, is from the seller's attorney addressing this situation.
http://media.marketwire.com/attachments/201104/25114_Clavo-GreenRiver-Treaty-ConfirmLtr.pdf
----------------------------------------
Press Release dated: May 11, 2011
http://www.marketwatch.com/story/treaty-energy-corporation-establishes-drilling-company-2011-05-11
Treaty Energy announced that it has established the subsidiaryTreaty Energy Drilling, LLC a Texas company.
Quote from this PR, "Our new drilling company will be acquiring a second drilling rig immediately to perform all drilling operations that will be required in Belize."
----------------------------------------
Press Release dated: May 23, 2011
http://www.marketwire.com/press-release/Treaty-Energy-Acquires-Eight-Additional-Oil-Leases-in-Texas-PINKSHEETS-TECO-1517758.htm
Treaty Energy announces that it has acquired eight additional Oil Leases in Texas.

8-k filing date: 5/27/2011 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001725/0001354488-11-001725-index.htm

caprock, all I know about Morgan is what shows up in the two pdf files I've already posted on this site,
http://smithsd7spage.weebly.com/

under the headings,

"Hallin responds to Blackburn's interrogatories"

"RB requests documents, Hallin responds".

caprock, the only time I can remember his name coming up was in that excerpt.

Here's a excerpt from a court document that I've titled "Hallin responds to Blackburn's interrogatories" at this link:
http://smithsd7spage.weebly.com/
---
Common Stock Manipulation:
a. In November of 2008, Jeffery Morgan was assured by Michael A. Mulshine that his contribution of $30,000 to Treaty Petroleum, Inc was to be used for the rehabilitation of certain oil wells in Crockett County, Texas owned by Treaty Petroleum. He was assured by Mulshine that there was no ownership interest in Treaty by Phoenix Associates Land Syndicate, Ronald L. Blackburn, Paul Alonzo or Carolyn Alonzo. Morgan had been advised
by “Ray Amano” and Frank Itak that they will receive shares of stock in Treaty Energy Corporation following acquisition of Treaty Energy by Alternate Energy Corporation in compensation for their losses in Phoenix
Associates Land Syndicate. [Sworn testimony in deposition from Jeffery
Morgan, July 9, 2010.]
---

Does anyone have any idea who these people are? Or why they would be given free shares in Treaty Energy just because they took losses in PBLS? Did anyone else who took losses in PBLS get free shares in Treaty? What function do these two people perform for Treaty that would justify them getting free shares?

sundevilfan, try reading post# 17178 for your answer. Those dd posts are for all who read this board.

Important DD for all investors

From the merger Agreement:
http://www.sec.gov/Archives/edgar/data/1075773/000135448808002139/ex101.htm

EFFECT ON CAPITAL STOCK; SURRENDER OF CERTIFICATES AND PAYMENT
ARTICLE II
"with 397,440,000 of such shares to be issued to TK Holdings; and 16,560,000 of such shares to be issued to Osprey Partners’s designee, Michael A. Mulshine, constituting 90% of the issued and outstanding common stock of ARGY."

The A/S was 500,000,000 (Note: It is now 750,000,000)
O/S was.....460,061,553
.........................................Shares
TK Holdings.......................397,440,000....86.39 % of O/S
Osprey Partners..................16,560,000.....3.6 % of O/S
(designee, Michael A. Mulshine)

---------

From the 10-k filed 5/15/2009:
http://www.sec.gov/Archives/edgar/data/1075773/000135448809000366/treaty10k.htm
TK Holdings, LLC (a.k.a. Tri Koon Holdings)
310 North Willis, Suite 212,
Abilene, Texas 79603

---------

I believe that the fictatious name "TK Holdings, LLC"
http://sunbiz.org/scripts/ficidet.exe?action=DETREG&docnum=G09013900355&rdocnum=G02007900411
used in the 10k, instead of the real name "Tri Koon Holdings, LLC", was in order to hide the fact that the Alonzo's and Blackburn were the principles involved with TECO.(an example of smoke and mirrors, not transparency)

If you look up TK Holdings, LLC on the Texas site
https://ourcpa.cpa.state.tx.us/coa/servlet/cpa.app.coa.CoaGetTp?Pg=tpid&Search_Nm=TK%20Holdings%20&Button=search&Search_ID=10437185415
the Alonzo's and Blackburn don't show up, because its the wrong company.
It's only when you look up Tri Koon Holdings, LLC or TK Holdings(Fictitious Name Search) on the Florida site, that the curtain is lifted.

http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=L08000094414&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=TRIKOONHOLDINGS&names_filing_type=

10/03/2008 -- Florida Limited Liability:

Electronic Articles of Organization
Dated October 03, 2008
The officers of Tri Koon Holdings were:
Paul Alonzo
Ronald Blackburn
Carolyn Alonzo
--------------

Why would they want to hide the involvement of the Alonzo's and Blackburn?

UNITED STATES BANKRUPTCY COURT
EASTERN DISTRICT OF LOUISIANA

IN RE: PHOENIX ASSOCIATES LAND SYNDICATE, INC.
CASE NO. 09-11743
CHAPTER 7
DEBTOR

WILBUR J. “BILL” BABIN, JR., IN HIS
CAPACITY AS TRUSTEE OF THE
BANKRUPTCY ESTATE OF PHOENIX
ASSOCIATES LAND SYNDICATE,
PLAINTIFF

"Between June 10, 2005 and June 10, 2009 (the four year reach-back period under Nevada law), Phoenix distributed in excess of $6,000,000.00 to its three principals, Paul Alonzo, Carolyn Alonzo, and Ronald Blackburn. At the same time that it was distributing these millions of dollars to its principals, Phoenix submerged sharply into deeper levels of debt. Schedule F of the Debtor’s bankruptcy schedules tallies a total indebtedness at $20,135,813.313 (Bankruptcy Case Doc. 39). The Trustee has determined that the distributions to the Alonzos and Blackburn were paid at the expense of its and its companies’ unpaid creditors, and constituted fraudulent conveyances and unlawful dividends under Nevada and federal bankruptcy law.

Since 2003, creditors have been pursuing Phoenix. According to the Statement of Financial Affairs, at least forty creditors have filed suits in various courthouses across the country and are seeking collection of their claims."
---
Background links for Ronald L Blackburn:

Toledo Blade Article May 19, 1990
http://news.google.com/newspapers?nid=1350&dat=19900519&id=6g4VAAAAIBAJ&sjid=EgMEAAAAIBAJ&pg=6853,5403156

Toledo Blade Article September 10, 1999
http://news.google.com/newspapers?id=5IYUAAAAIBAJ&sjid=9QMEAAAAIBAJ&pg=6727,3477522&dq=former-sylvania-man-sentenced-to-37-months-in-income-tax&hl=en

Federal Bureau of Prisons
http://www.bop.gov/iloc2/InmateFinderServlet?Transaction=NameSearch&needingMoreList=false&FirstName=Ronald&Middle=L&LastName=Blackburn&Race=U&Sex=M&Age=63&x=81&y=10
--------------------------------
The old officer list of TREATY ENERGY CORPORATION:
GARY E DUNHAM
DAVID HALLIN
RONDA HYATT
RANDALL NEWTON

Blackburn fired the old management as mentioned in these TECO documents filed with the sec on July 8, 2009...

http://www.sec.gov/Archives/edgar/data/1075773/000111650209001454/treaty_171.htm
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001454/treaty_172.htm
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001454/treaty_173.htm
--------------
Blackburn dissolved Tri Koon Holdings, LLC as recorded in this document:
11/19/2009 -- LC Voluntary Dissolution
on the Florida site.

http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=L08000094414&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=TRIKOONHOLDINGS&names_filing_type=

If the notation in Blackburns own hand is accurate(and I see no reason to believe that it is not) then he owned 100% of Tri Koon Holdings interest in TECO at that time.(397,440,000 shares....86.39 % of O/S)

And why did the 10K(dated Dec 31, 2009) list TK Holdings, LLC as a beneficial owner when it was already dissolved? The rightful entry of beneficial owner should have been Ronald L Blackburn.

I see that they are finally using his name, instead of the curtain of "TK Holdings".

Per the 10k for 2010
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001208/0001354488-11-001208-index.htm
he owned 67,353,946. Some of those shares have gone for acquisitions ( I haven't tallied them, but definitely not 330,086,054), he seems to be selling hand over fist. Or maybe alot of them were converted into voting Preferred shares that would suck out a lot of the profit from Treaty, should there ever be any. The common shares that were converted would probably go to the treasury, most likely to be sold by Treaty, causing further dilution and suppressing the PPS further.
[/color]
--------------------------------
--------------------------------
Background links for Andrew V. Reid, Treaty's CEO

Excerpt from:
http://www.nola.com/business/index.ssf/2010/12/new_orleans_newest_public_comp.html
---
History of fraud

Micro-cap stocks, or companies with fewer than 500 investors and $10 million in assets like Orpheum Property, don't have to make filings with the U.S. Securities and Exchange Commission. No filings have been made about the Orpheum merger or name change.

The SEC notes that many micro-cap stocks are legitimate businesses, "but the lack of reliable, readily available information about some microcap companies can open the door to fraud." Fraud perpetrators often pay promoters to tout their stock and issue news releases that are exaggerated or untrue, the SEC warns.

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.
---

Excerpts from:
http://www.nola.com/business/t-p/index.ssf?/base/money-5/1292739703145850.xml&coll=1

"The Financial Industry Regulatory Authority Inc., the industry group that regulates securities brokers, has seven closed securities investigations on file for Reid alleging things like misrepresentation, fraud, negligence, breach of contract, unsuitable trading and investing, violating securities regulations and depositing a check meant for the firm into his personal account."

"I was never found to be at fault for harming any investors," Reid said, a statement which conflicts with the official account in his 22-page report.
------------------------------------------------------------------------
Note: Michael A. Mulshine is also involved with Orpheum Property Inc.
http://www.reuters.com/finance/stocks/companyOfficers?symbol=PLFF.PK

and Phoenix Associates Land Syndicate, Inc.
http://findarticles.com/p/articles/mi_pwwi/is_200605/ai_n16350121/

------------------------------------------------------------------------
S8 filed with the SEC on 2/23/2011 where 100,000,000 shares were registered for sale for legal defense purposes.
http://www.sec.gov/Archives/edgar/data/1075773/000135448811000585/0001354488-11-000585-index.htm

Excerpt:
"As permitted by the provisions of the Nevada Revised Statutes (the "NRS"), the Company has the power to indemnify any person made a party to an action, suit or proceeding by reason of the fact that they are or were a director, officer, employee or agent of the Company, against expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by them in connection with any such action, suit or proceeding if they acted in good faith and in a manner which they reasonably believed to be in, or not opposed to, the best interest of the Company and, in any criminal action or proceeding, they had no reasonable cause to believe their conduct was unlawful. Termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, does not, of itself, create a presumption that the person did not act in good faith and in a manner which they reasonably believed to be in or not opposed to the best interests of the Company, and, in any criminal action or proceeding, they had no reasonable cause to believe their conduct was unlawful."

Link to some court documents concerning Treaty:
http://smithsd7spage.weebly.com/

Kansas and Belize projects

Kansas deal numbers

Paragraph 5 of the amended sale and purchase agreement(teco_ex991008.gif)
http://www.sec.gov/Archives/edgar/data/1075773/000111650210000035/0001116502-10-000035-index.htm

clearly states:
"Buyer shall deliver to Seller the full payment of Six Million Dollars($6,000,000.00) in collected funds at closing."
-----------------
Per the Reserve Report:
http://findarticles.com/p/articles/mi_pwwi/is_201001/ai_n47546970/

Operating Expenses; oil wells $225/well-month = $2,700/well-year
Operating Expenses; deeper oil wells $750 - $850/well-month = $9,000/well-year
---
660 well x $2,700 = $1,782,000 operating expense per year(conservative)
-----------------
current production = 135 bbls/day using $70/bbl = $3,449,250/year gross revenue, minus the 5% overriding royalty interest for Town Oil($172,463) = $3,276,787
$3,276,787 - $1,782,000 operating expense/year =
$1,494,787 pre-tax income for deposit to the joint operating account.
Treaty gets 50% of this = $747,394 per year, which is put into the "joint operating account", and which they intend to use to help pay for the wells.
------
They owe $6,000,000 at closing or they default.
Excerpt from the PR dated 12/20/2010 "Treaty Energy and Town Oil have agreed to extend the term of the purchase agreement to February 21, 2011."

Excerpts from the PR dated 2/28/2011
"Treaty's lender is located in an area that has been affected by continued severe weather which has caused the lender to ask for a closing date of April 1, 2011."

"Treaty has asked for additional time from Town Oil and has been told to continue toward the loan closing and they would hold off on taking possession of the 60 million shares of Treaty Energy stock held in escrow as liquidated damages should the loan not close. Just to be clear, these shares are held in an escrow account in Kansas and can be converted from the listed owner of the shares to Town Oil at their discretion should the loan not close."

I found the wording of the PR a bit ambiguous.
It doesn't specifically say that Town Oil agreed to the date of April 1, 2011, only that the lender asked for that date.

And it certainly didn't say anything about any signed and notarized agreement to extend the date.

Without a signed and notarized agreement Town Oil can, if they so decide, call the deal null and void and take the shares that are being held in escrow at any time. Maybe they'll wait until April 1 and maybe they won't.


$6,000,000 - $747,394 = $5,252,606 that they need to come up with from a source other than the current well production of these leases.

If they default, what will be forfeited is:
the $900,000 in stock(60 million shares per PR released Feb 28, 2011) that has been placed in escrow as earnest money and all of the funds accrued in the "joint operating account".

Drilling Cost - Oil well $30,000/well
Drilling Cost - Injector $20,000/well
-----------------
Pr dated Dec 20, 2010
Treaty claims to have a funding commitment for the Kansas property by an, as yet, unnamed lender.
http://www.marketwire.com/press-release/Treaty-Energy-Corporation-Announces-9-Million-Funding-Commitment-Acquire-Assets-Town-1371761.htm

The 10Q for 3/31/2011 filed on 5/16/2011 clearly indicated that, as of 3/31/2011, the Kansas deal had not been closed and there was no mention of it in the Subsequent Events section either.
As of this date, due to the lack of follow up by TECO to its shareholders, things are looking real bad concerning Kansas.

See post titled "A summary of the Acquisition PR’s and 8-k’s" to see their track record for accomplishing the other claims that they've made in PR's.
====================================================
====================================================
The Belize project

4/22/2010 Treaty Energy PR
http://investor.wedbush.com/wedbush/?GUID=5845413&Page=MEDIAVIEWER
Entered into a 50\50 Joint Venture Agreement with Princess Petroleum Limited.
Treaty intends to start drilling its first well no later than July 1, 2010.(It didn't happen.)
---
From the 10Q dated 6/30/2010 concerning the Belize project:
http://www.sec.gov/Archives/edgar/data/1075773/000135448810002585/0001354488-10-002585-index.htm
“A major shareholder of the Company paid $100,000 cash as required under the agreement.”
(Note: This dollar amount is inaccurate, see 8ka filed on 3/31/2011)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001031/0001354488-11-001031-index.htm
(and also see the 8ka filed on 4/5/2011)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001100/teco_8ka.htm
Kind of makes me wonder how well this shareholder (Ron Blackburn, 'my assumption') is keeping the official management of this company up to date on his wheeling and dealings.

“In July, 2010, we sold a 5% interest in our investment in the Joint Venture with Princess Petroleum Limited (2.5% of the total partnership interest) to an investor for $250,000 in cash.”

"We intend to finance the drilling of one to three wells by selling additional interests in our Joint Venture with Princess Petroleum Limited."

From the Treaty Belize Energy Limited 'Articles of Incorporation' document, downloadable via Treaty's website, the percentages are now:
50% Princess
40% Treaty
2.5% Bass
2.5% Cluff
5% BASCO.LLC
---
07/02/2010 Amandala Newspaper article
http://www.amandala.com.bz/index.php?id=10024
"Broke, no experience, but gets oil concession!!"

"Cho, however, put little weight on the fact that the partner of Princess, Treaty Energy Corporation, continues to be “in the red,” and with very little to invest in Belize."

"One of the investors in Treaty with whom we had a chance to communicate this week told us that many, including the Government of Belize, think that crude and natural gas reserves are “plentiful” in Belize."

"As to the partnership between Princess and Treaty, Cho said that although Treaty wants a stake in the Princess Petroleum production sharing agreement, the Government of Belize would need to approve it. However, Treaty can still continue works for Princess under the existing “farm in” agreement, of which he says the Government has received a copy."
---

7/15/2010 Treaty Energy PR
http://www.marketwire.com/press-release/Treaty-Energy-Reports-Progress-on-Tennessee-and-Belize-Oil-and-Gas-Leases-1290939.htm
"Treaty representatives flew to Panama City, Panama, for meetings the past Monday with the president of Princess Petroleum, Inc. Both groups then flew to Belize City for meetings with government officials to layout the drilling plan that the Treaty/Princess joint venture proposes to implement. Treaty Energy indicated that it has funding in place to proceed with the required efforts to pick the first drill site and then drill well #1 as soon as can be done, and working with its partner, Princess Petroleum, will assure that all drilling projects will be in compliance with rules and regulations of the Belize government."

7/21/2010 Article quoting Director of Geology and Petroleum, Andre Cho/Belize:
http://belizean.com/news/belize-petroleum-director-comments-on-treaty-energy-statement/
"The Belize Petroleum and Geology Department has denied reports in a press release from Treaty Energy Corporation claiming it met with government officials in Belize last week."
---
9/20/2010 Treaty Energy PR announcing the signing of a service contract between Treaty and Radar Satellite Solutions on July 20, 2010.
http://finance.yahoo.com/news/Treaty-Energy-Reports-Signing-iw-708494159.html?x=0&.v=1

Link to Treaty's website for Radar Satellite Solutions initial analysis report of a portion of the land based concession in Belize.
http://www.treatyenergy.com/belize1/belize1.htm

03/17/2011 Treaty Energy PR:
http://www.marketwire.com/press-release/Treaty-Energy-Updates-Progress-on-Belize-1413250.htm
"Drilling Schedule: The Company explained that it has made very strong progress on this project at a relatively reasonable level of expenses to-date, and it is very close to announcing up to three initial drilling locations, with a projected drilling date within 60 to 90 days."

also:
"...to date $725,000 has been invested in the Belize project by Treaty Energy."
(Note: This dollar amount maybe inaccurate, see 8ka filed on 3/31/2011)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001031/0001354488-11-001031-index.htm
---
4/1/2011 Treaty Energy PR:
http://www.marketwire.com/press-release/Treaty-Energy-Acquires-Oil-Gas-Company-1421275.htm
Drilling process in Belize is set to commence in May 2011.
---
5/3/2011 Treaty Energy PR:
http://finance.yahoo.com/news/Treaty-Energy-Forms-Treaty-prnews-1872257313.html?x=0&.v=1
Treaty announces selection of first eight drilling locations.
---
5/9/2011 Treaty Energy PR:
http://finance.yahoo.com/news/Treaty-Energy-Corporation-prnews-1856752106.html?x=0&.v=1
Treaty announced that it has completed the organization of its new Belizean operating subsidiary, Treaty Belize Energy Limited.

A summary of the Acquisition PR’s and 8-k’s

Form 8-K
http://www.sec.gov/answers/form8k.htm
----------------------
Press Release dated: Jan 09, 2009
http://www.financialnewsusa.com/finance/archives/6625-treaty-energy-corporation-2
Enters LOI to acquire the VAGO #1 Project,. Taylor County, Texas(west texas)160 acres
-----
Per PR dated July 30, 2009, acquisition completed.
http://investor.wedbush.com/wedbush/?GUID=9596283&Page=MediaViewer&Ticker=TECO
8-k filing date: Aug 4, 2009 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001175/0001116502-09-001175-index.htm

Per PR dated, Oct 8, 2009, acquisition rescinded.
http://investor.wedbush.com/wedbush/?GUID=10336976&Page=MediaViewer&Ticker=TECO
No 8-k filed (Termination of Material Definitive Agreement), but noted in the 10Q filed 11/16/2009.

Press Release dated: July 9, 2009
http://www.istockanalyst.com/article/viewiStockNews/articleid/3340419
Enters LOI to acquire a 360-acre lease in Taylor County, Texas

Per the PR dated Oct 8, 2009, "closing on this possible acquisition is delayed".
http://investor.wedbush.com/wedbush/?GUID=10336976&Page=MediaViewer&Ticker=TECO
As of yet, no 8-k filed (Entry into Material Definitive Agreement)
The acquisition never happened.

Press Release dated: July 15, 2009
http://www.istockanalyst.com/article/viewiStockNews/articleid/3350692
Enters LOI to acquire a 113 acre Baker lease in Brown County, Texas

Per the PR dated Oct 8, 2009, "closing on this possible acquisition is delayed".
http://investor.wedbush.com/wedbush/?GUID=10336976&Page=MediaViewer&Ticker=TECO
As of yet, no 8-k filed (Entry into Material Definitive Agreement)
The acquisition never happened.

Press Release dated: Aug 7, 2009
http://investor.wedbush.com/wedbush/?GUID=9678174&Page=MediaViewer&Ticker=TECO
Enters LOI to enter into a 50/50 Oil & Gas Joint Venture ("JV") with Discovery Resource Group, LLC
DRG is to secure an initial credit line from a bank of $2 million for drilling and work overs of wells.
The line of credit is projected to do work overs in West Texas, radial jet lateral line work overs, and drill new wells in Tennessee.

As of yet, no 8-k filed (Entry into Material Definitive Agreement)
No mention of this (JV) in the 10K for 2009 nor in any 10Q for 2010.
The (JV) never happened.
---
Press Release dated: Oct 8, 2009
http://investor.wedbush.com/wedbush/?GUID=10336976&Page=MediaViewer&Ticker=TECO
Agreement to acquire 54 oil and gas leases with Town Oil Co. in Paola, Kansas.

8-k filing date: Oct 14, 2009 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001568/0001116502-09-001568-index.htm

Per the Press Release dated, Jan 5, 2010, the agreement was completed.
http://investor.wedbush.com/wedbush/?GUID=11344539&Page=MediaViewer&Ticker=TECO

Per the Amended Sale and Purchase Agreement closing won’t be until Sept. 2010, or if extended, Dec 2010.
8-ka filing date: 1/12/2010 (Amended Material Definitve Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000111650210000035/0001116502-10-000035-index.htm

Per the Press Release dated, 12/20/2010, Treaty claims to have a funding commitment of $9 million for this property deal and that the purchase agreement has been extended to February 21, 2011.
http://newsblaze.com/story/2010122103295900001.mwir/topstory.html

Per the Press Release dated, 2/28/2011, "Treaty's lender is located in an area that has been affected by continued severe weather which has caused the lender to ask for a closing date of April 1, 2011."

In the 'Subsequent Events' entry for the 10k filed on 4/15/2011 it did not list this funding commitment nor did it state that the Kansas deal had closed.
The 10Q for 3/31/2011 filed on 5/16/2011 clearly indicated that, as of 3/31/2011, the Kansas deal had not been closed and there was no mention of the Kansas deal in the Subsequent Events section.

As of today, still no word from the company if the Kansas deal has been closed on.

(See IHub post titled "Kansas and Belize projects")
---
also in this PR:
SAGO Lease Ended the lease relationship
---
Press Release dated: Oct 29, 2009
http://investor.wedbush.com/wedbush/?GUID=10576563&Page=MediaViewer&Ticker=TECO
A letter of intent to purchase 56 wells on 600 acres near Converse, Louisiana.
The terms of the purchase are $350,000 cash at closing and one year owner financing for $650,000.
The lender for this acquisition is Midwest Capital Investments LLC, (registered in Florida, Dan Olson).
Per the 10-k for 2009, "The deal fell through do to inablility to obtain financing".
http://www.sec.gov/Archives/edgar/data/1075773/000135448810001193/0001354488-10-001193-index.htm
The 10,000,000 shares, posted by the “unnamed affiliate” as collateral, were forfeited.

Press Release dated: Nov 13, 2009
http://investor.wedbush.com/wedbush/?GUID=10768905&Page=MediaViewer&Ticker=TECO
Announces it is a acquiring a 70% net working interest in an oil and gas lease in Morgan County, Tennessee.

The lender for this acquisition is Midwest Capital Investments LLC, Dan Olson).
The Press Release dated: Dec 21, 2009 announced that the acquisition was successfully closed on.
http://investor.wedbush.com/wedbush/?GUID=11214454&Page=MediaViewer&Ticker=TECO

However:
Excerpt from 10-k for 2009, concerning this lease.
http://www.sec.gov/Archives/edgar/data/1075773/000135448810001193/0001354488-10-001193-index.htm
"As of the date of this report, we have been unsuccessful at obtaining financing to pay the promissory note and the seller has not transferred title to these assets."

Excerpt from 1st 10Q for 2010 "We owned no oil and gas properties at December 31, 2009 or March 31, 2010."
http://www.sec.gov/Archives/edgar/data/1075773/000135448810001706/0001354488-10-001706-index.htm
The acquisition never happened.
---
Press Release dated: April 4, 2010
http://investor.wedbush.com/wedbush/?GUID=12595641&Page=MediaViewer&Ticker=TECO
Announced the acquisition of three (3) oil wells and ten (10) gas wells from Discovery Resource Group, LLC.
The 3 oil wells are located in Venango County, Pennsylvania.
The ten gas wells are located in the Centerville and Mead districts of Tyler County, West Virginia.

As of yet, no 8-k filed (Entry into Material Definitive Agreement)
No mention of these acquisitions in any 10Q for 2010.
The acquisitions never happened.

Press Release dated: April 15, 2010
http://investor.wedbush.com/wedbush/?GUID=12691384&Page=MediaViewer&Ticker=TECO
Announced that it concluded the acquisition of five oil and gas leases in Tennessee on April 13, 2010.

Per this PR the leases are in Pickett County, Tennessee.
Byron Hill #1
H. Groce #1
H. Groce #2

Coleman Crouch #4
Wilburn Hill.

There were no 8-k’s filed (Entry into Material Definitive Agreement)
-----------------------------------------
As per the 10 Q for June 30, 2010 concerning the Tennessee leases:
http://www.sec.gov/Archives/edgar/data/1075773/000135448810002585/0001354488-10-002585-index.htm
TECO’s interest is 100% undivided working interest (82.5% royalty interest)
Price: 1.5 million shares of TECO which were contributed by “a major shareholder”.

The Tennessee leases were:
Robin Moody, 18.5 acres (1st shut in well reopened in Tennessee)
“On May 27, 2010, we entered into an agreement to sell 50% of our working interest in the Robin Moody #1 well for $20,000 in cash.”
“On June 11, 2010, we sold a 20% interest in the Robin Moody lease for $55,000 in cash.”

From the PR dated Sept 16, 2010
http://findarticles.com/p/articles/mi_pwwi/is_201009/ai_n55246328/
"Oil production has decreased to approximately 2 barrels of oil per day."
------------
Joseph Schwallie, 47 acres (2nd shut in well reopened in Tennessee)
” On June 11, 2010, we entered into an agreement to sell 35% of our working interest in the Joseph Schwallie #1 well to an investor for $20,000 cash.”
“Also on June 11, 2010, we entered into an agreement to sell another 20% of the Joseph Schwallie #1 well for $55,000 in cash.”

From the PR dated Sept 16, 2010
http://findarticles.com/p/articles/mi_pwwi/is_201009/ai_n55246328/
"To date we have been pumping water with small crude oil shows."
------------
Herbert Groce #1, 77 acres(3rd shut in well reopened in Tennessee)
“On June 18, 2010, we entered into an agreement to sell 50% of our working interest in the Herbert Groce #1 well for $45,000 in cash.”

From the PR dated Sept 16, 2010
http://findarticles.com/p/articles/mi_pwwi/is_201009/ai_n55246328/
"...we plan to plug and abandon the well."
---
Herbert Groce #2, 80 acres
---
Leeta West, 20 acres
---
Byron Hill, 18.5 acres
---
Terry Williams, 18.5 acres
---
Kimberly Hicks, 18.5 acres.
--
The Press Release dated: June 24, 2010 announced the addition of the COLEMAN CROUCH lease to its oil and gas lease properties in Pickett County Tennessee.
http://finance.yahoo.com/news/Treaty-Energy-Adds-Another-iw-1359885099.html?x=0&.v=1

But, the 2nd and 3rd 10Q's for 2010 made no mention of the Coleman Crouch #4 nor the Wilburn Hill.
----------------------------------------
Press Release dated: April 22, 2010
http://investor.wedbush.com/wedbush/?GUID=5845413&Page=MEDIAVIEWER
Entered into a 50\50 Joint Venture Agreement with Princess Petroleum Limited.
As part of the joint venture Treaty will have the right to explore for oil and gas on a total of 2,000,000 acres.
Treaty intends to start drilling its first well no later than July 1, 2010.(It didn't happen.)

As of yet, no 8-k filed (Entry into Material Definitive Agreement), but mentioned in the 10Q, dated June 30, 2010.
http://www.sec.gov/Archives/edgar/data/1075773/000135448810002585/0001354488-10-002585-index.htm

See the post titled "Kansas and Belize projects" by smithsd7 for other information.
----------------------------------------
Press Release dated: April 1, 2011
http://www.marketwire.com/press-release/Treaty-Energy-Acquires-Oil-Gas-Company-1421275.htm

Announced the purchase of C&C Petroleum Management LLC, an Indiana company, with oil and gas properties in Texas.
Indiana SOS webpage:
https://secure.in.gov/sos/online_corps/name_search_results.aspx?search_name=C%26C+Petroleum+Management+LLC&search_type=exact&client_id=&submit.x=44&submit.y=8&search_mode=search

This purchase includes the following leases:
HENDERSON LEASE - 40 Acres
LONG LEASE - 37.5 Acres
BARNES LEASE - 80 Acres

8-k filing date: April 5, 2011 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001099/0001354488-11-001099-index.htm

The 8k states that the acquisition of C&C closed on March 31, 2011.
The Sale Agreement says that the closing date is set for April 8, 2011.

From the "Assignment of Oil and Gas Lease.pdf", which is downloadable by clicking on the heading "Texas" on Treatys "Project" webpage, the TRRC Lease numbers are listed as:
HENDERSON LEASE - TRRC District 7B, Lease #00324
LONG LEASE - TRRC District 7B, Lease #00324 (same as Henderson Lease, weird, "Long" lease doesn't show up)
I could find nothing on the "Long" lease, due to the wrong Lease number.
P. H. BARNES LEASE - TRRC District 7B, Lease #08680 and #25394
This number (P – 17 #5596) is also shown for the Barnes lease. I don't know what significence it has.

Treaty says that the Barnes lease is producing 10 to 15 barrels of oil per day.
http://www.marketwire.com/press-release/Treaty-Energy-Acquires-Oil-Gas-Company-1421275.htm

The TRRC site doesn't confirm this number.

Production records can be found at:
http://webapps2.rrc.state.tx.us/EWA/specificLeaseQueryAction.do;jsessionid=mHVTNypdQSJjn097vhqdLZynyvh8kyl72yVh8LxhD2by8QZhLQ2b!1597989945
---
Also in this PR:
"Stephen York joins Treaty Energy as Vice President of Acquisitions and Operations for the State of Texas and will oversee operation of the drilling process in Belize."
----------------------------------------
Press Release dated: April 12, 2011
http://www.prnewswire.com/news-releases/treaty-energy-to-acquire-producing-oil-and-gas-leases-119687634.html

Treaty announced it has signed a LOI to purchase additional producing oil and gas leases in the Shackelford County Regular Field, in the Texas 7B Oil District. Treaty says that this acquisition is projected to close on April 14, 2011.
See "A second Press Release dated: April 20, 2011" below for the 8k link.
----------------------------------------
Press Release dated: April 20, 2011
http://www.marketwire.com/press-release/treaty-energy-purchases-drilling-rig-and-drilling-contracts-otcbb-teco-1504764.htm

Treaty Energy announces the purchases of a small, shallow-well drilling Rig.

8-k filing date: April 20, 2011 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001229/0001354488-11-001229-index.htm
----------------------------------------
A second Press Release dated: April 20, 2011(Shackelford County)
http://finance.yahoo.com/news/Treaty-Energy-Acquires-Two-prnews-2226412180.html?x=0&.v=1
Treaty Energy announces the acquisition of two additional Texas leases.

"Treaty indicated that production on these leases is currently 4.18 barrels of oil per day."
"Private financing to fund the drilling had been arranged prior to the acquisition of the Failing Drilling Rig."
---
The lease numbers are from the 8k filed on 4/21/2011:
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001241/0001354488-11-001241-index.htm

SHOTWELL W. F. TRC Lease #7B-03520
http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=SHOTWELL%252C%2BW.%2BF.&univDocNo=556395

SHOTWELL "C" TRC Lease #7B-28384
http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=SHOTWELL%2B%2522C%2522&univDocNo=552808
http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=SHOTWELL%2B%2522C%2522&univDocNo=558344

From the TRRC production records I don't see 4.19 barrels of oil per day; I see less than 2 barrels per day. The records for march hadn't been submitted when I last checked.

Specific Lease Query Criteria web page at the TRRC:
http://webapps2.rrc.state.tx.us/EWA/specificLeaseQueryAction.do;jsessionid=mHVTNypdQSJjn097vhqdLZynyvh8kyl72yVh8LxhD2by8QZhLQ2b!1597989945

#7B is the imput for 'District' and the following number (e.g.03520) is for the 'Lease No.'

Be sure to set the date range.

Per the Treaty PR dated 4/29/2011
http://finance.yahoo.com/news/Treaty-Energy-Updates-iw-2380195453.html?x=0&.v=1

The closing on this acquisition has been delayed until June 7.
The following letter, in a .pdf file, is from the seller's attorney addressing this situation.
http://media.marketwire.com/attachments/201104/25114_Clavo-GreenRiver-Treaty-ConfirmLtr.pdf
----------------------------------------
Press Release dated: May 11, 2011
http://www.marketwatch.com/story/treaty-energy-corporation-establishes-drilling-company-2011-05-11
Treaty Energy announced that it has established the subsidiaryTreaty Energy Drilling, LLC a Texas company.
Quote from this PR, "Our new drilling company will be acquiring a second drilling rig immediately to perform all drilling operations that will be required in Belize."
----------------------------------------
Press Release dated: May 23, 2011
http://www.marketwire.com/press-release/Treaty-Energy-Acquires-Eight-Additional-Oil-Leases-in-Texas-PINKSHEETS-TECO-1517758.htm
Treaty Energy announces that it has acquired eight additional Oil Leases in Texas.

8-k filing date: 5/27/2011 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001725/0001354488-11-001725-index.htm

Important DD for all investors

From the merger Agreement:
http://www.sec.gov/Archives/edgar/data/1075773/000135448808002139/ex101.htm

EFFECT ON CAPITAL STOCK; SURRENDER OF CERTIFICATES AND PAYMENT
ARTICLE II
"with 397,440,000 of such shares to be issued to TK Holdings; and 16,560,000 of such shares to be issued to Osprey Partners’s designee, Michael A. Mulshine, constituting 90% of the issued and outstanding common stock of ARGY."

The A/S was 500,000,000 (Note: It is now 750,000,000)
O/S was.....460,061,553
.........................................Shares
TK Holdings.......................397,440,000....86.39 % of O/S
Osprey Partners..................16,560,000.....3.6 % of O/S
(designee, Michael A. Mulshine)

---------

From the 10-k filed 5/15/2009:
http://www.sec.gov/Archives/edgar/data/1075773/000135448809000366/treaty10k.htm
TK Holdings, LLC (a.k.a. Tri Koon Holdings)
310 North Willis, Suite 212,
Abilene, Texas 79603

---------

I believe that the fictatious name "TK Holdings, LLC"
http://sunbiz.org/scripts/ficidet.exe?action=DETREG&docnum=G09013900355&rdocnum=G02007900411
used in the 10k, instead of the real name "Tri Koon Holdings, LLC", was in order to hide the fact that the Alonzo's and Blackburn were the principles involved with TECO.(an example of smoke and mirrors, not transparency)

If you look up TK Holdings, LLC on the Texas site
https://ourcpa.cpa.state.tx.us/coa/servlet/cpa.app.coa.CoaGetTp?Pg=tpid&Search_Nm=TK%20Holdings%20&Button=search&Search_ID=10437185415
the Alonzo's and Blackburn don't show up, because its the wrong company.
It's only when you look up Tri Koon Holdings, LLC or TK Holdings(Fictitious Name Search) on the Florida site, that the curtain is lifted.

http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=L08000094414&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=TRIKOONHOLDINGS&names_filing_type=

10/03/2008 -- Florida Limited Liability:

Electronic Articles of Organization
Dated October 03, 2008
The officers of Tri Koon Holdings were:
Paul Alonzo
Ronald Blackburn
Carolyn Alonzo
--------------

Why would they want to hide the involvement of the Alonzo's and Blackburn?

UNITED STATES BANKRUPTCY COURT
EASTERN DISTRICT OF LOUISIANA

IN RE: PHOENIX ASSOCIATES LAND SYNDICATE, INC.
CASE NO. 09-11743
CHAPTER 7
DEBTOR

WILBUR J. “BILL” BABIN, JR., IN HIS
CAPACITY AS TRUSTEE OF THE
BANKRUPTCY ESTATE OF PHOENIX
ASSOCIATES LAND SYNDICATE,
PLAINTIFF

"Between June 10, 2005 and June 10, 2009 (the four year reach-back period under Nevada law), Phoenix distributed in excess of $6,000,000.00 to its three principals, Paul Alonzo, Carolyn Alonzo, and Ronald Blackburn. At the same time that it was distributing these millions of dollars to its principals, Phoenix submerged sharply into deeper levels of debt. Schedule F of the Debtor’s bankruptcy schedules tallies a total indebtedness at $20,135,813.313 (Bankruptcy Case Doc. 39). The Trustee has determined that the distributions to the Alonzos and Blackburn were paid at the expense of its and its companies’ unpaid creditors, and constituted fraudulent conveyances and unlawful dividends under Nevada and federal bankruptcy law.

Since 2003, creditors have been pursuing Phoenix. According to the Statement of Financial Affairs, at least forty creditors have filed suits in various courthouses across the country and are seeking collection of their claims."
---
Background links for Ronald L Blackburn:

Toledo Blade Article May 19, 1990
http://news.google.com/newspapers?nid=1350&dat=19900519&id=6g4VAAAAIBAJ&sjid=EgMEAAAAIBAJ&pg=6853,5403156

Toledo Blade Article September 10, 1999
http://news.google.com/newspapers?id=5IYUAAAAIBAJ&sjid=9QMEAAAAIBAJ&pg=6727,3477522&dq=former-sylvania-man-sentenced-to-37-months-in-income-tax&hl=en

Federal Bureau of Prisons
http://www.bop.gov/iloc2/InmateFinderServlet?Transaction=NameSearch&needingMoreList=false&FirstName=Ronald&Middle=L&LastName=Blackburn&Race=U&Sex=M&Age=63&x=81&y=10
--------------------------------
The old officer list of TREATY ENERGY CORPORATION:
GARY E DUNHAM
DAVID HALLIN
RONDA HYATT
RANDALL NEWTON

Blackburn fired the old management as mentioned in these TECO documents filed with the sec on July 8, 2009...

http://www.sec.gov/Archives/edgar/data/1075773/000111650209001454/treaty_171.htm
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001454/treaty_172.htm
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001454/treaty_173.htm
--------------
Blackburn dissolved Tri Koon Holdings, LLC as recorded in this document:
11/19/2009 -- LC Voluntary Dissolution
on the Florida site.

http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=L08000094414&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=TRIKOONHOLDINGS&names_filing_type=

If the notation in Blackburns own hand is accurate(and I see no reason to believe that it is not) then he owned 100% of Tri Koon Holdings interest in TECO at that time.(397,440,000 shares....86.39 % of O/S)

And why did the 10K(dated Dec 31, 2009) list TK Holdings, LLC as a beneficial owner when it was already dissolved? The rightful entry of beneficial owner should have been Ronald L Blackburn.

I see that they are finally using his name, instead of the curtain of "TK Holdings".

Per the 10k for 2010
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001208/0001354488-11-001208-index.htm
he owned 67,353,946. Some of those shares have gone for acquisitions ( I haven't tallied them, but definitely not 330,086,054), he seems to be selling hand over fist. Or maybe alot of them were converted into voting Preferred shares that would suck out a lot of the profit from Treaty, should there ever be any. The common shares that were converted would probably go to the treasury, most likely to be sold by Treaty, causing further dilution and suppressing the PPS further.
[/color]
--------------------------------
--------------------------------
Background links for Andrew V. Reid, Treaty's CEO

Excerpt from:
http://www.nola.com/business/index.ssf/2010/12/new_orleans_newest_public_comp.html
---
History of fraud

Micro-cap stocks, or companies with fewer than 500 investors and $10 million in assets like Orpheum Property, don't have to make filings with the U.S. Securities and Exchange Commission. No filings have been made about the Orpheum merger or name change.

The SEC notes that many micro-cap stocks are legitimate businesses, "but the lack of reliable, readily available information about some microcap companies can open the door to fraud." Fraud perpetrators often pay promoters to tout their stock and issue news releases that are exaggerated or untrue, the SEC warns.

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.
---

Excerpts from:
http://www.nola.com/business/t-p/index.ssf?/base/money-5/1292739703145850.xml&coll=1

"The Financial Industry Regulatory Authority Inc., the industry group that regulates securities brokers, has seven closed securities investigations on file for Reid alleging things like misrepresentation, fraud, negligence, breach of contract, unsuitable trading and investing, violating securities regulations and depositing a check meant for the firm into his personal account."

"I was never found to be at fault for harming any investors," Reid said, a statement which conflicts with the official account in his 22-page report.
------------------------------------------------------------------------
Note: Michael A. Mulshine is also involved with Orpheum Property Inc.
http://www.reuters.com/finance/stocks/companyOfficers?symbol=PLFF.PK

and Phoenix Associates Land Syndicate, Inc.
http://findarticles.com/p/articles/mi_pwwi/is_200605/ai_n16350121/

------------------------------------------------------------------------
S8 filed with the SEC on 2/23/2011 where 100,000,000 shares were registered for sale for legal defense purposes.
http://www.sec.gov/Archives/edgar/data/1075773/000135448811000585/0001354488-11-000585-index.htm

Excerpt:
"As permitted by the provisions of the Nevada Revised Statutes (the "NRS"), the Company has the power to indemnify any person made a party to an action, suit or proceeding by reason of the fact that they are or were a director, officer, employee or agent of the Company, against expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by them in connection with any such action, suit or proceeding if they acted in good faith and in a manner which they reasonably believed to be in, or not opposed to, the best interest of the Company and, in any criminal action or proceeding, they had no reasonable cause to believe their conduct was unlawful. Termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, does not, of itself, create a presumption that the person did not act in good faith and in a manner which they reasonably believed to be in or not opposed to the best interests of the Company, and, in any criminal action or proceeding, they had no reasonable cause to believe their conduct was unlawful."

Link to some court documents concerning Treaty:
http://smithsd7spage.weebly.com/

Kansas and Belize projects

Kansas deal numbers

Paragraph 5 of the amended sale and purchase agreement(teco_ex991008.gif)
http://www.sec.gov/Archives/edgar/data/1075773/000111650210000035/0001116502-10-000035-index.htm

clearly states:
"Buyer shall deliver to Seller the full payment of Six Million Dollars($6,000,000.00) in collected funds at closing."
-----------------
Per the Reserve Report:
http://findarticles.com/p/articles/mi_pwwi/is_201001/ai_n47546970/

Operating Expenses; oil wells $225/well-month = $2,700/well-year
Operating Expenses; deeper oil wells $750 - $850/well-month = $9,000/well-year
---
660 well x $2,700 = $1,782,000 operating expense per year(conservative)
-----------------
current production = 135 bbls/day using $70/bbl = $3,449,250/year gross revenue, minus the 5% overriding royalty interest for Town Oil($172,463) = $3,276,787
$3,276,787 - $1,782,000 operating expense/year =
$1,494,787 pre-tax income for deposit to the joint operating account.
Treaty gets 50% of this = $747,394 per year, which is put into the "joint operating account", and which they intend to use to help pay for the wells.
------
They owe $6,000,000 at closing or they default.
Excerpt from the PR dated 12/20/2010 "Treaty Energy and Town Oil have agreed to extend the term of the purchase agreement to February 21, 2011."

Excerpts from the PR dated 2/28/2011
"Treaty's lender is located in an area that has been affected by continued severe weather which has caused the lender to ask for a closing date of April 1, 2011."

"Treaty has asked for additional time from Town Oil and has been told to continue toward the loan closing and they would hold off on taking possession of the 60 million shares of Treaty Energy stock held in escrow as liquidated damages should the loan not close. Just to be clear, these shares are held in an escrow account in Kansas and can be converted from the listed owner of the shares to Town Oil at their discretion should the loan not close."

I found the wording of the PR a bit ambiguous.
It doesn't specifically say that Town Oil agreed to the date of April 1, 2011, only that the lender asked for that date.

And it certainly didn't say anything about any signed and notarized agreement to extend the date.

Without a signed and notarized agreement Town Oil can, if they so decide, call the deal null and void and take the shares that are being held in escrow at any time. Maybe they'll wait until April 1 and maybe they won't.


$6,000,000 - $747,394 = $5,252,606 that they need to come up with from a source other than the current well production of these leases.

If they default, what will be forfeited is:
the $900,000 in stock(60 million shares per PR released Feb 28, 2011) that has been placed in escrow as earnest money and all of the funds accrued in the "joint operating account".

Drilling Cost - Oil well $30,000/well
Drilling Cost - Injector $20,000/well
-----------------
Pr dated Dec 20, 2010
Treaty claims to have a funding commitment for the Kansas property by an, as yet, unnamed lender.
http://www.marketwire.com/press-release/Treaty-Energy-Corporation-Announces-9-Million-Funding-Commitment-Acquire-Assets-Town-1371761.htm

The 10Q for 3/31/2011 filed on 5/16/2011 clearly indicated that, as of 3/31/2011, the Kansas deal had not been closed and there was no mention of it in the Subsequent Events section either.

See post titled "A summary of the Acquisition PR’s and 8-k’s" to see their track record for accomplishing the other claims that they've made in PR's.
====================================================
====================================================
The Belize project

4/22/2010 Treaty Energy PR
http://investor.wedbush.com/wedbush/?GUID=5845413&Page=MEDIAVIEWER
Entered into a 50\50 Joint Venture Agreement with Princess Petroleum Limited.
Treaty intends to start drilling its first well no later than July 1, 2010.(It didn't happen.)
---
From the 10Q dated 6/30/2010 concerning the Belize project:
http://www.sec.gov/Archives/edgar/data/1075773/000135448810002585/0001354488-10-002585-index.htm
“A major shareholder of the Company paid $100,000 cash as required under the agreement.”
(Note: This dollar amount is inaccurate, see 8ka filed on 3/31/2011)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001031/0001354488-11-001031-index.htm
(and also see the 8ka filed on 4/5/2011)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001100/teco_8ka.htm
Kind of makes me wonder how well this shareholder (Ron Blackburn, 'my assumption') is keeping the official management of this company up to date on his wheeling and dealings.

“In July, 2010, we sold a 5% interest in our investment in the Joint Venture with Princess Petroleum Limited (2.5% of the total partnership interest) to an investor for $250,000 in cash.”

"We intend to finance the drilling of one to three wells by selling additional interests in our Joint Venture with Princess Petroleum Limited."

From the Treaty Belize Energy Limited 'Articles of Incorporation' document, downloadable via Treaty's website, the percentages are now:
50% Princess
40% Treaty
2.5% Bass
2.5% Cluff
5% BASCO.LLC
---
07/02/2010 Amandala Newspaper article
http://www.amandala.com.bz/index.php?id=10024
"Broke, no experience, but gets oil concession!!"

"Cho, however, put little weight on the fact that the partner of Princess, Treaty Energy Corporation, continues to be “in the red,” and with very little to invest in Belize."

"One of the investors in Treaty with whom we had a chance to communicate this week told us that many, including the Government of Belize, think that crude and natural gas reserves are “plentiful” in Belize."

"As to the partnership between Princess and Treaty, Cho said that although Treaty wants a stake in the Princess Petroleum production sharing agreement, the Government of Belize would need to approve it. However, Treaty can still continue works for Princess under the existing “farm in” agreement, of which he says the Government has received a copy."
---

7/15/2010 Treaty Energy PR
http://www.marketwire.com/press-release/Treaty-Energy-Reports-Progress-on-Tennessee-and-Belize-Oil-and-Gas-Leases-1290939.htm
"Treaty representatives flew to Panama City, Panama, for meetings the past Monday with the president of Princess Petroleum, Inc. Both groups then flew to Belize City for meetings with government officials to layout the drilling plan that the Treaty/Princess joint venture proposes to implement. Treaty Energy indicated that it has funding in place to proceed with the required efforts to pick the first drill site and then drill well #1 as soon as can be done, and working with its partner, Princess Petroleum, will assure that all drilling projects will be in compliance with rules and regulations of the Belize government."

7/21/2010 Article quoting Director of Geology and Petroleum, Andre Cho/Belize:
http://belizean.com/news/belize-petroleum-director-comments-on-treaty-energy-statement/
"The Belize Petroleum and Geology Department has denied reports in a press release from Treaty Energy Corporation claiming it met with government officials in Belize last week."
---
9/20/2010 Treaty Energy PR announcing the signing of a service contract between Treaty and Radar Satellite Solutions on July 20, 2010.
http://finance.yahoo.com/news/Treaty-Energy-Reports-Signing-iw-708494159.html?x=0&.v=1

Link to Treaty's website for Radar Satellite Solutions initial analysis report of a portion of the land based concession in Belize.
http://www.treatyenergy.com/belize1/belize1.htm

03/17/2011 Treaty Energy PR:
http://www.marketwire.com/press-release/Treaty-Energy-Updates-Progress-on-Belize-1413250.htm
"Drilling Schedule: The Company explained that it has made very strong progress on this project at a relatively reasonable level of expenses to-date, and it is very close to announcing up to three initial drilling locations, with a projected drilling date within 60 to 90 days."

also:
"...to date $725,000 has been invested in the Belize project by Treaty Energy."
(Note: This dollar amount maybe inaccurate, see 8ka filed on 3/31/2011)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001031/0001354488-11-001031-index.htm
---
4/1/2011 Treaty Energy PR:
http://www.marketwire.com/press-release/Treaty-Energy-Acquires-Oil-Gas-Company-1421275.htm
Drilling process in Belize is set to commence in May 2011.
---
5/3/2011 Treaty Energy PR:
http://finance.yahoo.com/news/Treaty-Energy-Forms-Treaty-prnews-1872257313.html?x=0&.v=1
Treaty announces selection of first eight drilling locations.
---
5/9/2011 Treaty Energy PR:
http://finance.yahoo.com/news/Treaty-Energy-Corporation-prnews-1856752106.html?x=0&.v=1
Treaty announced that it has completed the organization of its new Belizean operating subsidiary, Treaty Belize Energy Limited.

A summary of the Acquisition PR’s and 8-k’s

Form 8-K
http://www.sec.gov/answers/form8k.htm
----------------------
Press Release dated: Jan 09, 2009
http://www.financialnewsusa.com/finance/archives/6625-treaty-energy-corporation-2
Enters LOI to acquire the VAGO #1 Project,. Taylor County, Texas(west texas)160 acres
-----
Per PR dated July 30, 2009, acquisition completed.
http://investor.wedbush.com/wedbush/?GUID=9596283&Page=MediaViewer&Ticker=TECO
8-k filing date: Aug 4, 2009 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001175/0001116502-09-001175-index.htm

Per PR dated, Oct 8, 2009, acquisition rescinded.
http://investor.wedbush.com/wedbush/?GUID=10336976&Page=MediaViewer&Ticker=TECO
No 8-k filed (Termination of Material Definitive Agreement), but noted in the 10Q filed 11/16/2009.

Press Release dated: July 9, 2009
http://www.istockanalyst.com/article/viewiStockNews/articleid/3340419
Enters LOI to acquire a 360-acre lease in Taylor County, Texas

Per the PR dated Oct 8, 2009, "closing on this possible acquisition is delayed".
http://investor.wedbush.com/wedbush/?GUID=10336976&Page=MediaViewer&Ticker=TECO
As of yet, no 8-k filed (Entry into Material Definitive Agreement)
The acquisition never happened.

Press Release dated: July 15, 2009
http://www.istockanalyst.com/article/viewiStockNews/articleid/3350692
Enters LOI to acquire a 113 acre Baker lease in Brown County, Texas

Per the PR dated Oct 8, 2009, "closing on this possible acquisition is delayed".
http://investor.wedbush.com/wedbush/?GUID=10336976&Page=MediaViewer&Ticker=TECO
As of yet, no 8-k filed (Entry into Material Definitive Agreement)
The acquisition never happened.

Press Release dated: Aug 7, 2009
http://investor.wedbush.com/wedbush/?GUID=9678174&Page=MediaViewer&Ticker=TECO
Enters LOI to enter into a 50/50 Oil & Gas Joint Venture ("JV") with Discovery Resource Group, LLC
DRG is to secure an initial credit line from a bank of $2 million for drilling and work overs of wells.
The line of credit is projected to do work overs in West Texas, radial jet lateral line work overs, and drill new wells in Tennessee.

As of yet, no 8-k filed (Entry into Material Definitive Agreement)
No mention of this (JV) in the 10K for 2009 nor in any 10Q for 2010.
The (JV) never happened.
---
Press Release dated: Oct 8, 2009
http://investor.wedbush.com/wedbush/?GUID=10336976&Page=MediaViewer&Ticker=TECO
Agreement to acquire 54 oil and gas leases with Town Oil Co. in Paola, Kansas.

8-k filing date: Oct 14, 2009 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001568/0001116502-09-001568-index.htm

Per the Press Release dated, Jan 5, 2010, the agreement was completed.
http://investor.wedbush.com/wedbush/?GUID=11344539&Page=MediaViewer&Ticker=TECO

Per the Amended Sale and Purchase Agreement closing won’t be until Sept. 2010, or if extended, Dec 2010.
8-ka filing date: 1/12/2010 (Amended Material Definitve Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000111650210000035/0001116502-10-000035-index.htm

Per the Press Release dated, 12/20/2010, Treaty claims to have a funding commitment of $9 million for this property deal and that the purchase agreement has been extended to February 21, 2011.
http://newsblaze.com/story/2010122103295900001.mwir/topstory.html

Per the Press Release dated, 2/28/2011, "Treaty's lender is located in an area that has been affected by continued severe weather which has caused the lender to ask for a closing date of April 1, 2011."

In the 'Subsequent Events' entry for the 10k filed on 4/15/2011 it did not list this funding commitment nor did it state that the Kansas deal had closed.
The 10Q for 3/31/2011 filed on 5/16/2011 clearly indicated that, as of 3/31/2011, the Kansas deal had not been closed and there was no mention of the Kansas deal in the Subsequent Events section.

As of today, still no word from the company if the Kansas deal has been closed on.

(See IHub post titled "Kansas and Belize projects")
---
also in this PR:
SAGO Lease Ended the lease relationship
---
Press Release dated: Oct 29, 2009
http://investor.wedbush.com/wedbush/?GUID=10576563&Page=MediaViewer&Ticker=TECO
A letter of intent to purchase 56 wells on 600 acres near Converse, Louisiana.
The terms of the purchase are $350,000 cash at closing and one year owner financing for $650,000.
The lender for this acquisition is Midwest Capital Investments LLC, (registered in Florida, Dan Olson).
Per the 10-k for 2009, "The deal fell through do to inablility to obtain financing".
http://www.sec.gov/Archives/edgar/data/1075773/000135448810001193/0001354488-10-001193-index.htm
The 10,000,000 shares, posted by the “unnamed affiliate” as collateral, were forfeited.

Press Release dated: Nov 13, 2009
http://investor.wedbush.com/wedbush/?GUID=10768905&Page=MediaViewer&Ticker=TECO
Announces it is a acquiring a 70% net working interest in an oil and gas lease in Morgan County, Tennessee.

The lender for this acquisition is Midwest Capital Investments LLC, Dan Olson).
The Press Release dated: Dec 21, 2009 announced that the acquisition was successfully closed on.
http://investor.wedbush.com/wedbush/?GUID=11214454&Page=MediaViewer&Ticker=TECO

However:
Excerpt from 10-k for 2009, concerning this lease.
http://www.sec.gov/Archives/edgar/data/1075773/000135448810001193/0001354488-10-001193-index.htm
"As of the date of this report, we have been unsuccessful at obtaining financing to pay the promissory note and the seller has not transferred title to these assets."

Excerpt from 1st 10Q for 2010 "We owned no oil and gas properties at December 31, 2009 or March 31, 2010."
http://www.sec.gov/Archives/edgar/data/1075773/000135448810001706/0001354488-10-001706-index.htm
The acquisition never happened.
---
Press Release dated: April 4, 2010
http://investor.wedbush.com/wedbush/?GUID=12595641&Page=MediaViewer&Ticker=TECO
Announced the acquisition of three (3) oil wells and ten (10) gas wells from Discovery Resource Group, LLC.
The 3 oil wells are located in Venango County, Pennsylvania.
The ten gas wells are located in the Centerville and Mead districts of Tyler County, West Virginia.

As of yet, no 8-k filed (Entry into Material Definitive Agreement)
No mention of these acquisitions in any 10Q for 2010.
The acquisitions never happened.

Press Release dated: April 15, 2010
http://investor.wedbush.com/wedbush/?GUID=12691384&Page=MediaViewer&Ticker=TECO
Announced that it concluded the acquisition of five oil and gas leases in Tennessee on April 13, 2010.

Per this PR the leases are in Pickett County, Tennessee.
Byron Hill #1
H. Groce #1
H. Groce #2

Coleman Crouch #4
Wilburn Hill.

There were no 8-k’s filed (Entry into Material Definitive Agreement)
-----------------------------------------
As per the 10 Q for June 30, 2010 concerning the Tennessee leases:
http://www.sec.gov/Archives/edgar/data/1075773/000135448810002585/0001354488-10-002585-index.htm
TECO’s interest is 100% undivided working interest (82.5% royalty interest)
Price: 1.5 million shares of TECO which were contributed by “a major shareholder”.

The Tennessee leases were:
Robin Moody, 18.5 acres (1st shut in well reopened in Tennessee)
“On May 27, 2010, we entered into an agreement to sell 50% of our working interest in the Robin Moody #1 well for $20,000 in cash.”
“On June 11, 2010, we sold a 20% interest in the Robin Moody lease for $55,000 in cash.”

From the PR dated Sept 16, 2010
http://findarticles.com/p/articles/mi_pwwi/is_201009/ai_n55246328/
"Oil production has decreased to approximately 2 barrels of oil per day."
------------
Joseph Schwallie, 47 acres (2nd shut in well reopened in Tennessee)
” On June 11, 2010, we entered into an agreement to sell 35% of our working interest in the Joseph Schwallie #1 well to an investor for $20,000 cash.”
“Also on June 11, 2010, we entered into an agreement to sell another 20% of the Joseph Schwallie #1 well for $55,000 in cash.”

From the PR dated Sept 16, 2010
http://findarticles.com/p/articles/mi_pwwi/is_201009/ai_n55246328/
"To date we have been pumping water with small crude oil shows."
------------
Herbert Groce #1, 77 acres(3rd shut in well reopened in Tennessee)
“On June 18, 2010, we entered into an agreement to sell 50% of our working interest in the Herbert Groce #1 well for $45,000 in cash.”

From the PR dated Sept 16, 2010
http://findarticles.com/p/articles/mi_pwwi/is_201009/ai_n55246328/
"...we plan to plug and abandon the well."
---
Herbert Groce #2, 80 acres
---
Leeta West, 20 acres
---
Byron Hill, 18.5 acres
---
Terry Williams, 18.5 acres
---
Kimberly Hicks, 18.5 acres.
--
The Press Release dated: June 24, 2010 announced the addition of the COLEMAN CROUCH lease to its oil and gas lease properties in Pickett County Tennessee.
http://finance.yahoo.com/news/Treaty-Energy-Adds-Another-iw-1359885099.html?x=0&.v=1

But, the 2nd and 3rd 10Q's for 2010 made no mention of the Coleman Crouch #4 nor the Wilburn Hill.
----------------------------------------
Press Release dated: April 22, 2010
http://investor.wedbush.com/wedbush/?GUID=5845413&Page=MEDIAVIEWER
Entered into a 50\50 Joint Venture Agreement with Princess Petroleum Limited.
As part of the joint venture Treaty will have the right to explore for oil and gas on a total of 2,000,000 acres.
Treaty intends to start drilling its first well no later than July 1, 2010.(It didn't happen.)

As of yet, no 8-k filed (Entry into Material Definitive Agreement), but mentioned in the 10Q, dated June 30, 2010.
http://www.sec.gov/Archives/edgar/data/1075773/000135448810002585/0001354488-10-002585-index.htm

See the post titled "Kansas and Belize projects" by smithsd7 for other information.
----------------------------------------
Press Release dated: April 1, 2011
http://www.marketwire.com/press-release/Treaty-Energy-Acquires-Oil-Gas-Company-1421275.htm

Announced the purchase of C&C Petroleum Management LLC, an Indiana company, with oil and gas properties in Texas.
Indiana SOS webpage:
https://secure.in.gov/sos/online_corps/name_search_results.aspx?search_name=C%26C+Petroleum+Management+LLC&search_type=exact&client_id=&submit.x=44&submit.y=8&search_mode=search

This purchase includes the following leases:
HENDERSON LEASE - 40 Acres
LONG LEASE - 37.5 Acres
BARNES LEASE - 80 Acres

8-k filing date: April 5, 2011 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001099/0001354488-11-001099-index.htm

The 8k states that the acquisition of C&C closed on March 31, 2011.
The Sale Agreement says that the closing date is set for April 8, 2011.

From the "Assignment of Oil and Gas Lease.pdf", which is downloadable by clicking on the heading "Texas" on Treatys "Project" webpage, the TRRC Lease numbers are listed as:
HENDERSON LEASE - TRRC District 7B, Lease #00324
LONG LEASE - TRRC District 7B, Lease #00324 (same as Henderson Lease, weird, "Long" lease doesn't show up)
I could find nothing on the "Long" lease, due to the wrong Lease number.
P. H. BARNES LEASE - TRRC District 7B, Lease #08680 and #25394
This number (P – 17 #5596) is also shown for the Barnes lease. I don't know what significence it has.

Treaty says that the Barnes lease is producing 10 to 15 barrels of oil per day.
http://www.marketwire.com/press-release/Treaty-Energy-Acquires-Oil-Gas-Company-1421275.htm

The TRRC site doesn't confirm this number.

Production records can be found at:
http://webapps2.rrc.state.tx.us/EWA/specificLeaseQueryAction.do;jsessionid=mHVTNypdQSJjn097vhqdLZynyvh8kyl72yVh8LxhD2by8QZhLQ2b!1597989945
---
Also in this PR:
"Stephen York joins Treaty Energy as Vice President of Acquisitions and Operations for the State of Texas and will oversee operation of the drilling process in Belize."
----------------------------------------
Press Release dated: April 12, 2011
http://www.prnewswire.com/news-releases/treaty-energy-to-acquire-producing-oil-and-gas-leases-119687634.html

Treaty announced it has signed a LOI to purchase additional producing oil and gas leases in the Shackelford County Regular Field, in the Texas 7B Oil District. Treaty says that this acquisition is projected to close on April 14, 2011.
See "A second Press Release dated: April 20, 2011" below for the 8k link.
----------------------------------------
Press Release dated: April 20, 2011
http://www.marketwire.com/press-release/treaty-energy-purchases-drilling-rig-and-drilling-contracts-otcbb-teco-1504764.htm

Treaty Energy announces the purchases of a small, shallow-well drilling Rig.

8-k filing date: April 20, 2011 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001229/0001354488-11-001229-index.htm
----------------------------------------
A second Press Release dated: April 20, 2011(Shackelford County)
http://finance.yahoo.com/news/Treaty-Energy-Acquires-Two-prnews-2226412180.html?x=0&.v=1
Treaty Energy announces the acquisition of two additional Texas leases.

"Treaty indicated that production on these leases is currently 4.18 barrels of oil per day."
"Private financing to fund the drilling had been arranged prior to the acquisition of the Failing Drilling Rig."
---
The lease numbers are from the 8k filed on 4/21/2011:
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001241/0001354488-11-001241-index.htm

SHOTWELL W. F. TRC Lease #7B-03520
http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=SHOTWELL%252C%2BW.%2BF.&univDocNo=556395

SHOTWELL "C" TRC Lease #7B-28384
http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=SHOTWELL%2B%2522C%2522&univDocNo=552808
http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=SHOTWELL%2B%2522C%2522&univDocNo=558344

From the TRRC production records I don't see 4.19 barrels of oil per day; I see less than 2 barrels per day. The records for march hadn't been submitted when I last checked.

Specific Lease Query Criteria web page at the TRRC:
http://webapps2.rrc.state.tx.us/EWA/specificLeaseQueryAction.do;jsessionid=mHVTNypdQSJjn097vhqdLZynyvh8kyl72yVh8LxhD2by8QZhLQ2b!1597989945

#7B is the imput for 'District' and the following number (e.g.03520) is for the 'Lease No.'

Be sure to set the date range.

Per the Treaty PR dated 4/29/2011
http://finance.yahoo.com/news/Treaty-Energy-Updates-iw-2380195453.html?x=0&.v=1

The closing on this acquisition has been delayed until June 7.
The following letter, in a .pdf file, is from the seller's attorney addressing this situation.
http://media.marketwire.com/attachments/201104/25114_Clavo-GreenRiver-Treaty-ConfirmLtr.pdf
----------------------------------------
Press Release dated: May 11, 2011
http://www.marketwatch.com/story/treaty-energy-corporation-establishes-drilling-company-2011-05-11
Treaty Energy announced that it has established the subsidiaryTreaty Energy Drilling, LLC a Texas company.
Quote from this PR, "Our new drilling company will be acquiring a second drilling rig immediately to perform all drilling operations that will be required in Belize."
----------------------------------------
Press Release dated: May 23, 2011
http://www.marketwire.com/press-release/Treaty-Energy-Acquires-Eight-Additional-Oil-Leases-in-Texas-PINKSHEETS-TECO-1517758.htm
Treaty Energy announces that it has acquired eight additional Oil Leases in Texas.

llbo, you are right. That paragraph first showed up in.
http://finance.yahoo.com/news/Matrixx-Resource-Holdings-Inc-iw-492244259.html?x=0&.v=1

The second PR that it showed up in (the one that I linked to in my other post)was a careless copy-paste job by someone, I remember now, I'm getting old. But I have adjusted my notes.

Well, I hope they can get the plastics thing up and running before long and maybe make some money from the royalty division while we wait for the drill rig - which I guess isn't expected to arrive until the 4th quarter of this year. Or so this PR stated.

http://www.ceoconnects.com/matrixx/2010/08/05/matrixx-resource-holdings-inc-to-acquire-significant-working-interest-located-in-live-oak-county-texas/

Important DD for all investors

From the merger Agreement:
http://www.sec.gov/Archives/edgar/data/1075773/000135448808002139/ex101.htm

EFFECT ON CAPITAL STOCK; SURRENDER OF CERTIFICATES AND PAYMENT
ARTICLE II
"with 397,440,000 of such shares to be issued to TK Holdings; and 16,560,000 of such shares to be issued to Osprey Partners’s designee, Michael A. Mulshine, constituting 90% of the issued and outstanding common stock of ARGY."

The A/S was 500,000,000 (Note: It is now 750,000,000)
O/S was.....460,061,553
.........................................Shares
TK Holdings.......................397,440,000....86.39 % of O/S
Osprey Partners..................16,560,000.....3.6 % of O/S
(designee, Michael A. Mulshine)

---------

From the 10-k filed 5/15/2009:
http://www.sec.gov/Archives/edgar/data/1075773/000135448809000366/treaty10k.htm
TK Holdings, LLC (a.k.a. Tri Koon Holdings)
310 North Willis, Suite 212,
Abilene, Texas 79603

---------

I believe that the fictatious name "TK Holdings, LLC"
http://sunbiz.org/scripts/ficidet.exe?action=DETREG&docnum=G09013900355&rdocnum=G02007900411
used in the 10k, instead of the real name "Tri Koon Holdings, LLC", was in order to hide the fact that the Alonzo's and Blackburn were the principles involved with TECO.(an example of smoke and mirrors, not transparency)

If you look up TK Holdings, LLC on the Texas site
https://ourcpa.cpa.state.tx.us/coa/servlet/cpa.app.coa.CoaGetTp?Pg=tpid&Search_Nm=TK%20Holdings%20&Button=search&Search_ID=10437185415
the Alonzo's and Blackburn don't show up, because its the wrong company.
It's only when you look up Tri Koon Holdings, LLC or TK Holdings(Fictitious Name Search) on the Florida site, that the curtain is lifted.

http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=L08000094414&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=TRIKOONHOLDINGS&names_filing_type=

10/03/2008 -- Florida Limited Liability:

Electronic Articles of Organization
Dated October 03, 2008
The officers of Tri Koon Holdings were:
Paul Alonzo
Ronald Blackburn
Carolyn Alonzo
--------------

Why would they want to hide the involvement of the Alonzo's and Blackburn?

UNITED STATES BANKRUPTCY COURT
EASTERN DISTRICT OF LOUISIANA

IN RE: PHOENIX ASSOCIATES LAND SYNDICATE, INC.
CASE NO. 09-11743
CHAPTER 7
DEBTOR

WILBUR J. “BILL” BABIN, JR., IN HIS
CAPACITY AS TRUSTEE OF THE
BANKRUPTCY ESTATE OF PHOENIX
ASSOCIATES LAND SYNDICATE,
PLAINTIFF

"Between June 10, 2005 and June 10, 2009 (the four year reach-back period under Nevada law), Phoenix distributed in excess of $6,000,000.00 to its three principals, Paul Alonzo, Carolyn Alonzo, and Ronald Blackburn. At the same time that it was distributing these millions of dollars to its principals, Phoenix submerged sharply into deeper levels of debt. Schedule F of the Debtor’s bankruptcy schedules tallies a total indebtedness at $20,135,813.313 (Bankruptcy Case Doc. 39). The Trustee has determined that the distributions to the Alonzos and Blackburn were paid at the expense of its and its companies’ unpaid creditors, and constituted fraudulent conveyances and unlawful dividends under Nevada and federal bankruptcy law.

Since 2003, creditors have been pursuing Phoenix. According to the Statement of Financial Affairs, at least forty creditors have filed suits in various courthouses across the country and are seeking collection of their claims."
---
Background links for Ronald L Blackburn:

Toledo Blade Article May 19, 1990
http://news.google.com/newspapers?nid=1350&dat=19900519&id=6g4VAAAAIBAJ&sjid=EgMEAAAAIBAJ&pg=6853,5403156

Toledo Blade Article September 10, 1999
http://news.google.com/newspapers?id=5IYUAAAAIBAJ&sjid=9QMEAAAAIBAJ&pg=6727,3477522&dq=former-sylvania-man-sentenced-to-37-months-in-income-tax&hl=en

Federal Bureau of Prisons
http://www.bop.gov/iloc2/InmateFinderServlet?Transaction=NameSearch&needingMoreList=false&FirstName=Ronald&Middle=L&LastName=Blackburn&Race=U&Sex=M&Age=63&x=81&y=10
--------------------------------
The old officer list of TREATY ENERGY CORPORATION:
GARY E DUNHAM
DAVID HALLIN
RONDA HYATT
RANDALL NEWTON

Blackburn fired the old management as mentioned in these TECO documents filed with the sec on July 8, 2009...

http://www.sec.gov/Archives/edgar/data/1075773/000111650209001454/treaty_171.htm
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001454/treaty_172.htm
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001454/treaty_173.htm
--------------
Blackburn dissolved Tri Koon Holdings, LLC as recorded in this document:
11/19/2009 -- LC Voluntary Dissolution
on the Florida site.

http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=L08000094414&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=TRIKOONHOLDINGS&names_filing_type=

If the notation in Blackburns own hand is accurate(and I see no reason to believe that it is not) then he owned 100% of Tri Koon Holdings interest in TECO at that time.(397,440,000 shares....86.39 % of O/S)

And why did the 10K(dated Dec 31, 2009) list TK Holdings, LLC as a beneficial owner when it was already dissolved? The rightful entry of beneficial owner should have been Ronald L Blackburn.

I see that they are finally using his name, instead of the curtain of "TK Holdings".

Per the 10k for 2010
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001208/0001354488-11-001208-index.htm
he owned 67,353,946. Some of those shares have gone for acquisitions ( I haven't tallied them, but definitely not 330,086,054), he seems to be selling hand over fist. Or maybe alot of them were converted into voting Preferred shares that would suck out a lot of the profit from Treaty, should there ever be any. The common shares that were converted would probably go to the treasury, most likely to be sold by Treaty, causing further dilution and suppressing the PPS further.
[/color]
--------------------------------
--------------------------------
Background links for Andrew V. Reid, Treaty's CEO

Excerpt from:
http://www.nola.com/business/index.ssf/2010/12/new_orleans_newest_public_comp.html
---
History of fraud

Micro-cap stocks, or companies with fewer than 500 investors and $10 million in assets like Orpheum Property, don't have to make filings with the U.S. Securities and Exchange Commission. No filings have been made about the Orpheum merger or name change.

The SEC notes that many micro-cap stocks are legitimate businesses, "but the lack of reliable, readily available information about some microcap companies can open the door to fraud." Fraud perpetrators often pay promoters to tout their stock and issue news releases that are exaggerated or untrue, the SEC warns.

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.
---

Excerpts from:
http://www.nola.com/business/t-p/index.ssf?/base/money-5/1292739703145850.xml&coll=1

"The Financial Industry Regulatory Authority Inc., the industry group that regulates securities brokers, has seven closed securities investigations on file for Reid alleging things like misrepresentation, fraud, negligence, breach of contract, unsuitable trading and investing, violating securities regulations and depositing a check meant for the firm into his personal account."

"I was never found to be at fault for harming any investors," Reid said, a statement which conflicts with the official account in his 22-page report.
------------------------------------------------------------------------
Note: Michael A. Mulshine is also involved with Orpheum Property Inc.
http://www.reuters.com/finance/stocks/companyOfficers?symbol=PLFF.PK

and Phoenix Associates Land Syndicate, Inc.
http://findarticles.com/p/articles/mi_pwwi/is_200605/ai_n16350121/

------------------------------------------------------------------------
S8 filed with the SEC on 2/23/2011 where 100,000,000 shares were registered for sale for legal defense purposes.
http://www.sec.gov/Archives/edgar/data/1075773/000135448811000585/0001354488-11-000585-index.htm

Excerpt:
"As permitted by the provisions of the Nevada Revised Statutes (the "NRS"), the Company has the power to indemnify any person made a party to an action, suit or proceeding by reason of the fact that they are or were a director, officer, employee or agent of the Company, against expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by them in connection with any such action, suit or proceeding if they acted in good faith and in a manner which they reasonably believed to be in, or not opposed to, the best interest of the Company and, in any criminal action or proceeding, they had no reasonable cause to believe their conduct was unlawful. Termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, does not, of itself, create a presumption that the person did not act in good faith and in a manner which they reasonably believed to be in or not opposed to the best interests of the Company, and, in any criminal action or proceeding, they had no reasonable cause to believe their conduct was unlawful."

Link to some court documents concerning Treaty:
http://smithsd7spage.weebly.com/

Kansas and Belize projects

Kansas deal numbers

Paragraph 5 of the amended sale and purchase agreement(teco_ex991008.gif)
http://www.sec.gov/Archives/edgar/data/1075773/000111650210000035/0001116502-10-000035-index.htm

clearly states:
"Buyer shall deliver to Seller the full payment of Six Million Dollars($6,000,000.00) in collected funds at closing."
-----------------
Per the Reserve Report:
http://findarticles.com/p/articles/mi_pwwi/is_201001/ai_n47546970/

Operating Expenses; oil wells $225/well-month = $2,700/well-year
Operating Expenses; deeper oil wells $750 - $850/well-month = $9,000/well-year
---
660 well x $2,700 = $1,782,000 operating expense per year(conservative)
-----------------
current production = 135 bbls/day using $70/bbl = $3,449,250/year gross revenue, minus the 5% overriding royalty interest for Town Oil($172,463) = $3,276,787
$3,276,787 - $1,782,000 operating expense/year =
$1,494,787 pre-tax income for deposit to the joint operating account.
Treaty gets 50% of this = $747,394 per year, which is put into the "joint operating account", and which they intend to use to help pay for the wells.
------
They owe $6,000,000 at closing or they default.
Excerpt from the PR dated 12/20/2010 "Treaty Energy and Town Oil have agreed to extend the term of the purchase agreement to February 21, 2011."

Excerpts from the PR dated 2/28/2011
"Treaty's lender is located in an area that has been affected by continued severe weather which has caused the lender to ask for a closing date of April 1, 2011."

"Treaty has asked for additional time from Town Oil and has been told to continue toward the loan closing and they would hold off on taking possession of the 60 million shares of Treaty Energy stock held in escrow as liquidated damages should the loan not close. Just to be clear, these shares are held in an escrow account in Kansas and can be converted from the listed owner of the shares to Town Oil at their discretion should the loan not close."

I found the wording of the PR a bit ambiguous.
It doesn't specifically say that Town Oil agreed to the date of April 1, 2011, only that the lender asked for that date.

And it certainly didn't say anything about any signed and notarized agreement to extend the date.

Without a signed and notarized agreement Town Oil can, if they so decide, call the deal null and void and take the shares that are being held in escrow at any time. Maybe they'll wait until April 1 and maybe they won't.


$6,000,000 - $747,394 = $5,252,606 that they need to come up with from a source other than the current well production of these leases.

If they default, what will be forfeited is:
the $900,000 in stock(60 million shares per PR released Feb 28, 2011) that has been placed in escrow as earnest money and all of the funds accrued in the "joint operating account".

Drilling Cost - Oil well $30,000/well
Drilling Cost - Injector $20,000/well
-----------------
Pr dated Dec 20, 2010
Treaty claims to have a funding commitment for the Kansas property by an, as yet, unnamed lender.
http://www.marketwire.com/press-release/Treaty-Energy-Corporation-Announces-9-Million-Funding-Commitment-Acquire-Assets-Town-1371761.htm

The 10Q for 3/31/2011 filed on 5/16/2011 clearly indicated that, as of 3/31/2011, the Kansas deal had not been closed and there was no mention of it in the Subsequent Events section either.

See post titled "A summary of the Acquisition PR’s and 8-k’s" to see their track record for accomplishing the other claims that they've made in PR's.
====================================================
====================================================
The Belize project

4/22/2010 Treaty Energy PR
http://investor.wedbush.com/wedbush/?GUID=5845413&Page=MEDIAVIEWER
Entered into a 50\50 Joint Venture Agreement with Princess Petroleum Limited.
Treaty intends to start drilling its first well no later than July 1, 2010.(It didn't happen.)
---
From the 10Q dated 6/30/2010 concerning the Belize project:
http://www.sec.gov/Archives/edgar/data/1075773/000135448810002585/0001354488-10-002585-index.htm
“A major shareholder of the Company paid $100,000 cash as required under the agreement.”
(Note: This dollar amount is inaccurate, see 8ka filed on 3/31/2011)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001031/0001354488-11-001031-index.htm
(and also see the 8ka filed on 4/5/2011)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001100/teco_8ka.htm
Kind of makes me wonder how well this shareholder (Ron Blackburn, 'my assumption') is keeping the official management of this company up to date on his wheeling and dealings.

“In July, 2010, we sold a 5% interest in our investment in the Joint Venture with Princess Petroleum Limited (2.5% of the total partnership interest) to an investor for $250,000 in cash.”

"We intend to finance the drilling of one to three wells by selling additional interests in our Joint Venture with Princess Petroleum Limited."

From the Treaty Belize Energy Limited 'Articles of Incorporation' document, downloadable via Treaty's website, the percentages are now:
50% Princess
40% Treaty
2.5% Bass
2.5% Cluff
5% BASCO.LLC
---
07/02/2010 Amandala Newspaper article
http://www.amandala.com.bz/index.php?id=10024
"Broke, no experience, but gets oil concession!!"

"Cho, however, put little weight on the fact that the partner of Princess, Treaty Energy Corporation, continues to be “in the red,” and with very little to invest in Belize."

"One of the investors in Treaty with whom we had a chance to communicate this week told us that many, including the Government of Belize, think that crude and natural gas reserves are “plentiful” in Belize."

"As to the partnership between Princess and Treaty, Cho said that although Treaty wants a stake in the Princess Petroleum production sharing agreement, the Government of Belize would need to approve it. However, Treaty can still continue works for Princess under the existing “farm in” agreement, of which he says the Government has received a copy."
---

7/15/2010 Treaty Energy PR
http://www.marketwire.com/press-release/Treaty-Energy-Reports-Progress-on-Tennessee-and-Belize-Oil-and-Gas-Leases-1290939.htm
"Treaty representatives flew to Panama City, Panama, for meetings the past Monday with the president of Princess Petroleum, Inc. Both groups then flew to Belize City for meetings with government officials to layout the drilling plan that the Treaty/Princess joint venture proposes to implement. Treaty Energy indicated that it has funding in place to proceed with the required efforts to pick the first drill site and then drill well #1 as soon as can be done, and working with its partner, Princess Petroleum, will assure that all drilling projects will be in compliance with rules and regulations of the Belize government."

7/21/2010 Article quoting Director of Geology and Petroleum, Andre Cho/Belize:
http://belizean.com/news/belize-petroleum-director-comments-on-treaty-energy-statement/
"The Belize Petroleum and Geology Department has denied reports in a press release from Treaty Energy Corporation claiming it met with government officials in Belize last week."
---
9/20/2010 Treaty Energy PR announcing the signing of a service contract between Treaty and Radar Satellite Solutions on July 20, 2010.
http://finance.yahoo.com/news/Treaty-Energy-Reports-Signing-iw-708494159.html?x=0&.v=1

Link to Treaty's website for Radar Satellite Solutions initial analysis report of a portion of the land based concession in Belize.
http://www.treatyenergy.com/belize1/belize1.htm

03/17/2011 Treaty Energy PR:
http://www.marketwire.com/press-release/Treaty-Energy-Updates-Progress-on-Belize-1413250.htm
"Drilling Schedule: The Company explained that it has made very strong progress on this project at a relatively reasonable level of expenses to-date, and it is very close to announcing up to three initial drilling locations, with a projected drilling date within 60 to 90 days."

also:
"...to date $725,000 has been invested in the Belize project by Treaty Energy."
(Note: This dollar amount maybe inaccurate, see 8ka filed on 3/31/2011)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001031/0001354488-11-001031-index.htm
---
4/1/2011 Treaty Energy PR:
http://www.marketwire.com/press-release/Treaty-Energy-Acquires-Oil-Gas-Company-1421275.htm
Drilling process in Belize is set to commence in May 2011.
---
5/3/2011 Treaty Energy PR:
http://finance.yahoo.com/news/Treaty-Energy-Forms-Treaty-prnews-1872257313.html?x=0&.v=1
Treaty announces selection of first eight drilling locations.
---
5/9/2011 Treaty Energy PR:
http://finance.yahoo.com/news/Treaty-Energy-Corporation-prnews-1856752106.html?x=0&.v=1
Treaty announced that it has completed the organization of its new Belizean operating subsidiary, Treaty Belize Energy Limited.

A summary of the Acquisition PR’s and 8-k’s updated

Form 8-K
http://www.sec.gov/answers/form8k.htm
----------------------
Press Release dated: Jan 09, 2009
http://www.financialnewsusa.com/finance/archives/6625-treaty-energy-corporation-2
Enters LOI to acquire the VAGO #1 Project,. Taylor County, Texas(west texas)160 acres
-----
Per PR dated July 30, 2009, acquisition completed.
http://investor.wedbush.com/wedbush/?GUID=9596283&Page=MediaViewer&Ticker=TECO
8-k filing date: Aug 4, 2009 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001175/0001116502-09-001175-index.htm

Per PR dated, Oct 8, 2009, acquisition rescinded.
http://investor.wedbush.com/wedbush/?GUID=10336976&Page=MediaViewer&Ticker=TECO
No 8-k filed (Termination of Material Definitive Agreement), but noted in the 10Q filed 11/16/2009.

Press Release dated: July 9, 2009
http://www.istockanalyst.com/article/viewiStockNews/articleid/3340419
Enters LOI to acquire a 360-acre lease in Taylor County, Texas

Per the PR dated Oct 8, 2009, "closing on this possible acquisition is delayed".
http://investor.wedbush.com/wedbush/?GUID=10336976&Page=MediaViewer&Ticker=TECO
As of yet, no 8-k filed (Entry into Material Definitive Agreement)
The acquisition never happened.

Press Release dated: July 15, 2009
http://www.istockanalyst.com/article/viewiStockNews/articleid/3350692
Enters LOI to acquire a 113 acre Baker lease in Brown County, Texas

Per the PR dated Oct 8, 2009, "closing on this possible acquisition is delayed".
http://investor.wedbush.com/wedbush/?GUID=10336976&Page=MediaViewer&Ticker=TECO
As of yet, no 8-k filed (Entry into Material Definitive Agreement)
The acquisition never happened.

Press Release dated: Aug 7, 2009
http://investor.wedbush.com/wedbush/?GUID=9678174&Page=MediaViewer&Ticker=TECO
Enters LOI to enter into a 50/50 Oil & Gas Joint Venture ("JV") with Discovery Resource Group, LLC
DRG is to secure an initial credit line from a bank of $2 million for drilling and work overs of wells.
The line of credit is projected to do work overs in West Texas, radial jet lateral line work overs, and drill new wells in Tennessee.

As of yet, no 8-k filed (Entry into Material Definitive Agreement)
No mention of this (JV) in the 10K for 2009 nor in any 10Q for 2010.
The (JV) never happened.
---
Press Release dated: Oct 8, 2009
http://investor.wedbush.com/wedbush/?GUID=10336976&Page=MediaViewer&Ticker=TECO
Agreement to acquire 54 oil and gas leases with Town Oil Co. in Paola, Kansas.

8-k filing date: Oct 14, 2009 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001568/0001116502-09-001568-index.htm

Per the Press Release dated, Jan 5, 2010, the agreement was completed.
http://investor.wedbush.com/wedbush/?GUID=11344539&Page=MediaViewer&Ticker=TECO

Per the Amended Sale and Purchase Agreement closing won’t be until Sept. 2010, or if extended, Dec 2010.
8-ka filing date: 1/12/2010 (Amended Material Definitve Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000111650210000035/0001116502-10-000035-index.htm

Per the Press Release dated, 12/20/2010, Treaty claims to have a funding commitment of $9 million for this property deal and that the purchase agreement has been extended to February 21, 2011.
http://newsblaze.com/story/2010122103295900001.mwir/topstory.html

Per the Press Release dated, 2/28/2011, "Treaty's lender is located in an area that has been affected by continued severe weather which has caused the lender to ask for a closing date of April 1, 2011."

In the 'Subsequent Events' entry for the 10k filed on 4/15/2011 it did not list this funding commitment nor did it state that the Kansas deal had closed.
The 10Q for 3/31/2011 filed on 5/16/2011 clearly indicated that, as of 3/31/2011, the Kansas deal had not been closed and there was no mention of the Kansas deal in the Subsequent Events section.

As of today, still no word from the company if the Kansas deal has been closed on.

(See IHub post titled "Kansas and Belize projects")
---
also in this PR:
SAGO Lease Ended the lease relationship
---
Press Release dated: Oct 29, 2009
http://investor.wedbush.com/wedbush/?GUID=10576563&Page=MediaViewer&Ticker=TECO
A letter of intent to purchase 56 wells on 600 acres near Converse, Louisiana.
The terms of the purchase are $350,000 cash at closing and one year owner financing for $650,000.
The lender for this acquisition is Midwest Capital Investments LLC, (registered in Florida, Dan Olson).
Per the 10-k for 2009, "The deal fell through do to inablility to obtain financing".
http://www.sec.gov/Archives/edgar/data/1075773/000135448810001193/0001354488-10-001193-index.htm
The 10,000,000 shares, posted by the “unnamed affiliate” as collateral, were forfeited.

Press Release dated: Nov 13, 2009
http://investor.wedbush.com/wedbush/?GUID=10768905&Page=MediaViewer&Ticker=TECO
Announces it is a acquiring a 70% net working interest in an oil and gas lease in Morgan County, Tennessee.

The lender for this acquisition is Midwest Capital Investments LLC, Dan Olson).
The Press Release dated: Dec 21, 2009 announced that the acquisition was successfully closed on.
http://investor.wedbush.com/wedbush/?GUID=11214454&Page=MediaViewer&Ticker=TECO

However:
Excerpt from 10-k for 2009, concerning this lease.
http://www.sec.gov/Archives/edgar/data/1075773/000135448810001193/0001354488-10-001193-index.htm
"As of the date of this report, we have been unsuccessful at obtaining financing to pay the promissory note and the seller has not transferred title to these assets."

Excerpt from 1st 10Q for 2010 "We owned no oil and gas properties at December 31, 2009 or March 31, 2010."
http://www.sec.gov/Archives/edgar/data/1075773/000135448810001706/0001354488-10-001706-index.htm
The acquisition never happened.
---
Press Release dated: April 4, 2010
http://investor.wedbush.com/wedbush/?GUID=12595641&Page=MediaViewer&Ticker=TECO
Announced the acquisition of three (3) oil wells and ten (10) gas wells from Discovery Resource Group, LLC.
The 3 oil wells are located in Venango County, Pennsylvania.
The ten gas wells are located in the Centerville and Mead districts of Tyler County, West Virginia.

As of yet, no 8-k filed (Entry into Material Definitive Agreement)
No mention of these acquisitions in any 10Q for 2010.
The acquisitions never happened.

Press Release dated: April 15, 2010
http://investor.wedbush.com/wedbush/?GUID=12691384&Page=MediaViewer&Ticker=TECO
Announced that it concluded the acquisition of five oil and gas leases in Tennessee on April 13, 2010.

Per this PR the leases are in Pickett County, Tennessee.
Byron Hill #1
H. Groce #1
H. Groce #2

Coleman Crouch #4
Wilburn Hill.

There were no 8-k’s filed (Entry into Material Definitive Agreement)
-----------------------------------------
As per the 10 Q for June 30, 2010 concerning the Tennessee leases:
http://www.sec.gov/Archives/edgar/data/1075773/000135448810002585/0001354488-10-002585-index.htm
TECO’s interest is 100% undivided working interest (82.5% royalty interest)
Price: 1.5 million shares of TECO which were contributed by “a major shareholder”.

The Tennessee leases were:
Robin Moody, 18.5 acres (1st shut in well reopened in Tennessee)
“On May 27, 2010, we entered into an agreement to sell 50% of our working interest in the Robin Moody #1 well for $20,000 in cash.”
“On June 11, 2010, we sold a 20% interest in the Robin Moody lease for $55,000 in cash.”

From the PR dated Sept 16, 2010
http://findarticles.com/p/articles/mi_pwwi/is_201009/ai_n55246328/
"Oil production has decreased to approximately 2 barrels of oil per day."
------------
Joseph Schwallie, 47 acres (2nd shut in well reopened in Tennessee)
” On June 11, 2010, we entered into an agreement to sell 35% of our working interest in the Joseph Schwallie #1 well to an investor for $20,000 cash.”
“Also on June 11, 2010, we entered into an agreement to sell another 20% of the Joseph Schwallie #1 well for $55,000 in cash.”

From the PR dated Sept 16, 2010
http://findarticles.com/p/articles/mi_pwwi/is_201009/ai_n55246328/
"To date we have been pumping water with small crude oil shows."
------------
Herbert Groce #1, 77 acres(3rd shut in well reopened in Tennessee)
“On June 18, 2010, we entered into an agreement to sell 50% of our working interest in the Herbert Groce #1 well for $45,000 in cash.”

From the PR dated Sept 16, 2010
http://findarticles.com/p/articles/mi_pwwi/is_201009/ai_n55246328/
"...we plan to plug and abandon the well."
---
Herbert Groce #2, 80 acres
---
Leeta West, 20 acres
---
Byron Hill, 18.5 acres
---
Terry Williams, 18.5 acres
---
Kimberly Hicks, 18.5 acres.
--
The Press Release dated: June 24, 2010 announced the addition of the COLEMAN CROUCH lease to its oil and gas lease properties in Pickett County Tennessee.
http://finance.yahoo.com/news/Treaty-Energy-Adds-Another-iw-1359885099.html?x=0&.v=1

But, the 2nd and 3rd 10Q's for 2010 made no mention of the Coleman Crouch #4 nor the Wilburn Hill.
----------------------------------------
Press Release dated: April 22, 2010
http://investor.wedbush.com/wedbush/?GUID=5845413&Page=MEDIAVIEWER
Entered into a 50\50 Joint Venture Agreement with Princess Petroleum Limited.
As part of the joint venture Treaty will have the right to explore for oil and gas on a total of 2,000,000 acres.
Treaty intends to start drilling its first well no later than July 1, 2010.(It didn't happen.)

As of yet, no 8-k filed (Entry into Material Definitive Agreement), but mentioned in the 10Q, dated June 30, 2010.
http://www.sec.gov/Archives/edgar/data/1075773/000135448810002585/0001354488-10-002585-index.htm

See the post titled "Kansas and Belize projects" by smithsd7 for other information.
----------------------------------------
Press Release dated: April 1, 2011
http://www.marketwire.com/press-release/Treaty-Energy-Acquires-Oil-Gas-Company-1421275.htm

Announced the purchase of C&C Petroleum Management LLC, an Indiana company, with oil and gas properties in Texas.
Indiana SOS webpage:
https://secure.in.gov/sos/online_corps/name_search_results.aspx?search_name=C%26C+Petroleum+Management+LLC&search_type=exact&client_id=&submit.x=44&submit.y=8&search_mode=search

This purchase includes the following leases:
HENDERSON LEASE - 40 Acres
LONG LEASE - 37.5 Acres
BARNES LEASE - 80 Acres

8-k filing date: April 5, 2011 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001099/0001354488-11-001099-index.htm

The 8k states that the acquisition of C&C closed on March 31, 2011.
The Sale Agreement says that the closing date is set for April 8, 2011.

From the "Assignment of Oil and Gas Lease.pdf", which is downloadable by clicking on the heading "Texas" on Treatys "Project" webpage, the TRRC Lease numbers are listed as:
HENDERSON LEASE - TRRC District 7B, Lease #00324
LONG LEASE - TRRC District 7B, Lease #00324 (same as Henderson Lease, weird, "Long" lease doesn't show up)
I could find nothing on the "Long" lease, due to the wrong Lease number.
P. H. BARNES LEASE - TRRC District 7B, Lease #08680 and #25394
This number (P – 17 #5596) is also shown for the Barnes lease. I don't know what significence it has.

Treaty says that the Barnes lease is producing 10 to 15 barrels of oil per day.
http://www.marketwire.com/press-release/Treaty-Energy-Acquires-Oil-Gas-Company-1421275.htm

The TRRC site doesn't confirm this number.

Production records can be found at:
http://webapps2.rrc.state.tx.us/EWA/specificLeaseQueryAction.do;jsessionid=mHVTNypdQSJjn097vhqdLZynyvh8kyl72yVh8LxhD2by8QZhLQ2b!1597989945
---
Also in this PR:
"Stephen York joins Treaty Energy as Vice President of Acquisitions and Operations for the State of Texas and will oversee operation of the drilling process in Belize."
----------------------------------------
Press Release dated: April 12, 2011
http://www.prnewswire.com/news-releases/treaty-energy-to-acquire-producing-oil-and-gas-leases-119687634.html

Treaty announced it has signed a LOI to purchase additional producing oil and gas leases in the Shackelford County Regular Field, in the Texas 7B Oil District. Treaty says that this acquisition is projected to close on April 14, 2011.
See "A second Press Release dated: April 20, 2011" below for the 8k link.
----------------------------------------
Press Release dated: April 20, 2011
http://www.marketwire.com/press-release/treaty-energy-purchases-drilling-rig-and-drilling-contracts-otcbb-teco-1504764.htm

Treaty Energy announces the purchases of a small, shallow-well drilling Rig.

8-k filing date: April 20, 2011 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001229/0001354488-11-001229-index.htm
----------------------------------------
A second Press Release dated: April 20, 2011(Shackelford County)
http://finance.yahoo.com/news/Treaty-Energy-Acquires-Two-prnews-2226412180.html?x=0&.v=1
Treaty Energy announces the acquisition of two additional Texas leases.

"Treaty indicated that production on these leases is currently 4.18 barrels of oil per day."
"Private financing to fund the drilling had been arranged prior to the acquisition of the Failing Drilling Rig."
---
The lease numbers are from the 8k filed on 4/21/2011:
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001241/0001354488-11-001241-index.htm

SHOTWELL W. F. TRC Lease #7B-03520
http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=SHOTWELL%252C%2BW.%2BF.&univDocNo=556395

SHOTWELL "C" TRC Lease #7B-28384
http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=SHOTWELL%2B%2522C%2522&univDocNo=552808
http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=SHOTWELL%2B%2522C%2522&univDocNo=558344

From the TRRC production records I don't see 4.19 barrels of oil per day; I see less than 2 barrels per day. The records for march hadn't been submitted when I last checked.

Specific Lease Query Criteria web page at the TRRC:
http://webapps2.rrc.state.tx.us/EWA/specificLeaseQueryAction.do;jsessionid=mHVTNypdQSJjn097vhqdLZynyvh8kyl72yVh8LxhD2by8QZhLQ2b!1597989945

#7B is the imput for 'District' and the following number (e.g.03520) is for the 'Lease No.'

Be sure to set the date range.

Per the Treaty PR dated 4/29/2011
http://finance.yahoo.com/news/Treaty-Energy-Updates-iw-2380195453.html?x=0&.v=1

The closing on this acquisition has been delayed until June 7.
The following letter, in a .pdf file, is from the seller's attorney addressing this situation.
http://media.marketwire.com/attachments/201104/25114_Clavo-GreenRiver-Treaty-ConfirmLtr.pdf
----------------------------------------
Press Release dated: May 11, 2011
http://www.marketwatch.com/story/treaty-energy-corporation-establishes-drilling-company-2011-05-11
Treaty Energy announced that it has established the subsidiaryTreaty Energy Drilling, LLC a Texas company.
Quote from this PR, "Our new drilling company will be acquiring a second drilling rig immediately to perform all drilling operations that will be required in Belize."
----------------------------------------
Press Release dated: May 23, 2011
http://www.marketwire.com/press-release/Treaty-Energy-Acquires-Eight-Additional-Oil-Leases-in-Texas-PINKSHEETS-TECO-1517758.htm
Treaty Energy announces that it has acquired eight additional Oil Leases in Texas.

The 8k said Houston.

I notice that the Texas Oil and Minerals, Inc's webpage isn't up either. I get the same "Page Not Found In This Server" message as at the Matrix site. It's all got me scratching my head.

www.texasoilandminerals.com

Don't know what's going on.

http://www.ceoconnects.com/

Tom Gouger Director Matrix Resources

President and Owner of Tejones Operating Company
17 Bitterblue Lane
San Antonio, TX 78218-1791
(210) 824-5957

President of Texas Oil and Minerals, Inc was Bionic Products, Inc. (BNPD) until the merger.
900 North East Loop 410 Suite 209
San Antonio, TX, 78209
(210) 824.5957

Important DD for all investors

From the merger Agreement:
http://www.sec.gov/Archives/edgar/data/1075773/000135448808002139/ex101.htm

EFFECT ON CAPITAL STOCK; SURRENDER OF CERTIFICATES AND PAYMENT
ARTICLE II
"with 397,440,000 of such shares to be issued to TK Holdings; and 16,560,000 of such shares to be issued to Osprey Partners’s designee, Michael A. Mulshine, constituting 90% of the issued and outstanding common stock of ARGY."

The A/S was 500,000,000 (Note: It is now 750,000,000)
O/S was.....460,061,553
.........................................Shares
TK Holdings.......................397,440,000....86.39 % of O/S
Osprey Partners..................16,560,000.....3.6 % of O/S
(designee, Michael A. Mulshine)

---------

From the 10-k filed 5/15/2009:
http://www.sec.gov/Archives/edgar/data/1075773/000135448809000366/treaty10k.htm
TK Holdings, LLC (a.k.a. Tri Koon Holdings)
310 North Willis, Suite 212,
Abilene, Texas 79603

---------

I believe that the fictatious name "TK Holdings, LLC"
http://sunbiz.org/scripts/ficidet.exe?action=DETREG&docnum=G09013900355&rdocnum=G02007900411
used in the 10k, instead of the real name "Tri Koon Holdings, LLC", was in order to hide the fact that the Alonzo's and Blackburn were the principles involved with TECO.(an example of smoke and mirrors, not transparency)

If you look up TK Holdings, LLC on the Texas site
https://ourcpa.cpa.state.tx.us/coa/servlet/cpa.app.coa.CoaGetTp?Pg=tpid&Search_Nm=TK%20Holdings%20&Button=search&Search_ID=10437185415
the Alonzo's and Blackburn don't show up, because its the wrong company.
It's only when you look up Tri Koon Holdings, LLC or TK Holdings(Fictitious Name Search) on the Florida site, that the curtain is lifted.

http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=L08000094414&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=TRIKOONHOLDINGS&names_filing_type=

10/03/2008 -- Florida Limited Liability:

Electronic Articles of Organization
Dated October 03, 2008
The officers of Tri Koon Holdings were:
Paul Alonzo
Ronald Blackburn
Carolyn Alonzo
--------------

Why would they want to hide the involvement of the Alonzo's and Blackburn?

UNITED STATES BANKRUPTCY COURT
EASTERN DISTRICT OF LOUISIANA

IN RE: PHOENIX ASSOCIATES LAND SYNDICATE, INC.
CASE NO. 09-11743
CHAPTER 7
DEBTOR

WILBUR J. “BILL” BABIN, JR., IN HIS
CAPACITY AS TRUSTEE OF THE
BANKRUPTCY ESTATE OF PHOENIX
ASSOCIATES LAND SYNDICATE,
PLAINTIFF

"Between June 10, 2005 and June 10, 2009 (the four year reach-back period under Nevada law), Phoenix distributed in excess of $6,000,000.00 to its three principals, Paul Alonzo, Carolyn Alonzo, and Ronald Blackburn. At the same time that it was distributing these millions of dollars to its principals, Phoenix submerged sharply into deeper levels of debt. Schedule F of the Debtor’s bankruptcy schedules tallies a total indebtedness at $20,135,813.313 (Bankruptcy Case Doc. 39). The Trustee has determined that the distributions to the Alonzos and Blackburn were paid at the expense of its and its companies’ unpaid creditors, and constituted fraudulent conveyances and unlawful dividends under Nevada and federal bankruptcy law.

Since 2003, creditors have been pursuing Phoenix. According to the Statement of Financial Affairs, at least forty creditors have filed suits in various courthouses across the country and are seeking collection of their claims."
---
Background links for Ronald L Blackburn:

Toledo Blade Article May 19, 1990
http://news.google.com/newspapers?nid=1350&dat=19900519&id=6g4VAAAAIBAJ&sjid=EgMEAAAAIBAJ&pg=6853,5403156

Toledo Blade Article September 10, 1999
http://news.google.com/newspapers?id=5IYUAAAAIBAJ&sjid=9QMEAAAAIBAJ&pg=6727,3477522&dq=former-sylvania-man-sentenced-to-37-months-in-income-tax&hl=en

Federal Bureau of Prisons
http://www.bop.gov/iloc2/InmateFinderServlet?Transaction=NameSearch&needingMoreList=false&FirstName=Ronald&Middle=L&LastName=Blackburn&Race=U&Sex=M&Age=63&x=81&y=10
--------------------------------
The old officer list of TREATY ENERGY CORPORATION:
GARY E DUNHAM
DAVID HALLIN
RONDA HYATT
RANDALL NEWTON

Blackburn fired the old management as mentioned in these TECO documents filed with the sec on July 8, 2009...

http://www.sec.gov/Archives/edgar/data/1075773/000111650209001454/treaty_171.htm
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001454/treaty_172.htm
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001454/treaty_173.htm
--------------
Blackburn dissolved Tri Koon Holdings, LLC as recorded in this document:
11/19/2009 -- LC Voluntary Dissolution
on the Florida site.

http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=L08000094414&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=TRIKOONHOLDINGS&names_filing_type=

If the notation in Blackburns own hand is accurate(and I see no reason to believe that it is not) then he owned 100% of Tri Koon Holdings interest in TECO at that time.(397,440,000 shares....86.39 % of O/S)

And why did the 10K(dated Dec 31, 2009) list TK Holdings, LLC as a beneficial owner when it was already dissolved? The rightful entry of beneficial owner should have been Ronald L Blackburn.

I see that they are finally using his name, instead of the curtain of "TK Holdings".

Per the 10k for 2010
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001208/0001354488-11-001208-index.htm
he owned 67,353,946. Some of those shares have gone for acquisitions ( I haven't tallied them, but definitely not 330,086,054), he seems to be selling hand over fist. Or maybe alot of them were converted into voting Preferred shares that would suck out a lot of the profit from Treaty, should there ever be any. The common shares that were converted would probably go to the treasury, most likely to be sold by Treaty, causing further dilution and suppressing the PPS further.
[/color]
--------------------------------
--------------------------------
Background links for Andrew V. Reid, Treaty's CEO

Excerpt from:
http://www.nola.com/business/index.ssf/2010/12/new_orleans_newest_public_comp.html
---
History of fraud

Micro-cap stocks, or companies with fewer than 500 investors and $10 million in assets like Orpheum Property, don't have to make filings with the U.S. Securities and Exchange Commission. No filings have been made about the Orpheum merger or name change.

The SEC notes that many micro-cap stocks are legitimate businesses, "but the lack of reliable, readily available information about some microcap companies can open the door to fraud." Fraud perpetrators often pay promoters to tout their stock and issue news releases that are exaggerated or untrue, the SEC warns.

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.
---

Excerpts from:
http://www.nola.com/business/t-p/index.ssf?/base/money-5/1292739703145850.xml&coll=1

"The Financial Industry Regulatory Authority Inc., the industry group that regulates securities brokers, has seven closed securities investigations on file for Reid alleging things like misrepresentation, fraud, negligence, breach of contract, unsuitable trading and investing, violating securities regulations and depositing a check meant for the firm into his personal account."

"I was never found to be at fault for harming any investors," Reid said, a statement which conflicts with the official account in his 22-page report.
------------------------------------------------------------------------
Note: Michael A. Mulshine is also involved with Orpheum Property Inc.
http://www.reuters.com/finance/stocks/companyOfficers?symbol=PLFF.PK

and Phoenix Associates Land Syndicate, Inc.
http://findarticles.com/p/articles/mi_pwwi/is_200605/ai_n16350121/

------------------------------------------------------------------------
S8 filed with the SEC on 2/23/2011 where 100,000,000 shares were registered for sale for legal defense purposes.
http://www.sec.gov/Archives/edgar/data/1075773/000135448811000585/0001354488-11-000585-index.htm

Excerpt:
"As permitted by the provisions of the Nevada Revised Statutes (the "NRS"), the Company has the power to indemnify any person made a party to an action, suit or proceeding by reason of the fact that they are or were a director, officer, employee or agent of the Company, against expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by them in connection with any such action, suit or proceeding if they acted in good faith and in a manner which they reasonably believed to be in, or not opposed to, the best interest of the Company and, in any criminal action or proceeding, they had no reasonable cause to believe their conduct was unlawful. Termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, does not, of itself, create a presumption that the person did not act in good faith and in a manner which they reasonably believed to be in or not opposed to the best interests of the Company, and, in any criminal action or proceeding, they had no reasonable cause to believe their conduct was unlawful."

Link to some court documents concerning Treaty:
http://smithsd7spage.weebly.com/

Kansas and Belize projects

Kansas deal numbers

Paragraph 5 of the amended sale and purchase agreement(teco_ex991008.gif)
http://www.sec.gov/Archives/edgar/data/1075773/000111650210000035/0001116502-10-000035-index.htm

clearly states:
"Buyer shall deliver to Seller the full payment of Six Million Dollars($6,000,000.00) in collected funds at closing."
-----------------
Per the Reserve Report:
http://findarticles.com/p/articles/mi_pwwi/is_201001/ai_n47546970/

Operating Expenses; oil wells $225/well-month = $2,700/well-year
Operating Expenses; deeper oil wells $750 - $850/well-month = $9,000/well-year
---
660 well x $2,700 = $1,782,000 operating expense per year(conservative)
-----------------
current production = 135 bbls/day using $70/bbl = $3,449,250/year gross revenue, minus the 5% overriding royalty interest for Town Oil($172,463) = $3,276,787
$3,276,787 - $1,782,000 operating expense/year =
$1,494,787 pre-tax income for deposit to the joint operating account.
Treaty gets 50% of this = $747,394 per year, which is put into the "joint operating account", and which they intend to use to help pay for the wells.
------
They owe $6,000,000 at closing or they default.
Excerpt from the PR dated 12/20/2010 "Treaty Energy and Town Oil have agreed to extend the term of the purchase agreement to February 21, 2011."

Excerpts from the PR dated 2/28/2011
"Treaty's lender is located in an area that has been affected by continued severe weather which has caused the lender to ask for a closing date of April 1, 2011."

"Treaty has asked for additional time from Town Oil and has been told to continue toward the loan closing and they would hold off on taking possession of the 60 million shares of Treaty Energy stock held in escrow as liquidated damages should the loan not close. Just to be clear, these shares are held in an escrow account in Kansas and can be converted from the listed owner of the shares to Town Oil at their discretion should the loan not close."

I found the wording of the PR a bit ambiguous.
It doesn't specifically say that Town Oil agreed to the date of April 1, 2011, only that the lender asked for that date.

And it certainly didn't say anything about any signed and notarized agreement to extend the date.

Without a signed and notarized agreement Town Oil can, if they so decide, call the deal null and void and take the shares that are being held in escrow at any time. Maybe they'll wait until April 1 and maybe they won't.


$6,000,000 - $747,394 = $5,252,606 that they need to come up with from a source other than the current well production of these leases.

If they default, what will be forfeited is:
the $900,000 in stock(60 million shares per PR released Feb 28, 2011) that has been placed in escrow as earnest money and all of the funds accrued in the "joint operating account".

Drilling Cost - Oil well $30,000/well
Drilling Cost - Injector $20,000/well
-----------------
Pr dated Dec 20, 2010
Treaty claims to have a funding commitment for the Kansas property by an, as yet, unnamed lender.
http://www.marketwire.com/press-release/Treaty-Energy-Corporation-Announces-9-Million-Funding-Commitment-Acquire-Assets-Town-1371761.htm

The 10Q for 3/31/2011 filed on 5/16/2011 clearly indicated that, as of 3/31/2011, the Kansas deal had not been closed and there was no mention of it in the Subsequent Events section either.

See post titled "A summary of the Acquisition PR’s and 8-k’s" to see their track record for accomplishing the other claims that they've made in PR's.
====================================================
====================================================
The Belize project

4/22/2010 Treaty Energy PR
http://investor.wedbush.com/wedbush/?GUID=5845413&Page=MEDIAVIEWER
Entered into a 50\50 Joint Venture Agreement with Princess Petroleum Limited.
Treaty intends to start drilling its first well no later than July 1, 2010.(It didn't happen.)
---
From the 10Q dated 6/30/2010 concerning the Belize project:
http://www.sec.gov/Archives/edgar/data/1075773/000135448810002585/0001354488-10-002585-index.htm
“A major shareholder of the Company paid $100,000 cash as required under the agreement.”
(Note: This dollar amount is inaccurate, see 8ka filed on 3/31/2011)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001031/0001354488-11-001031-index.htm
(and also see the 8ka filed on 4/5/2011)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001100/teco_8ka.htm
Kind of makes me wonder how well this shareholder (Ron Blackburn, 'my assumption') is keeping the official management of this company up to date on his wheeling and dealings.

“In July, 2010, we sold a 5% interest in our investment in the Joint Venture with Princess Petroleum Limited (2.5% of the total partnership interest) to an investor for $250,000 in cash.”

"We intend to finance the drilling of one to three wells by selling additional interests in our Joint Venture with Princess Petroleum Limited."

From the Treaty Belize Energy Limited 'Articles of Incorporation' document, downloadable via Treaty's website, the percentages are now:
50% Princess
40% Treaty
2.5% Bass
2.5% Cluff
5% BASCO.LLC
---
07/02/2010 Amandala Newspaper article
http://www.amandala.com.bz/index.php?id=10024
"Broke, no experience, but gets oil concession!!"

"Cho, however, put little weight on the fact that the partner of Princess, Treaty Energy Corporation, continues to be “in the red,” and with very little to invest in Belize."

"One of the investors in Treaty with whom we had a chance to communicate this week told us that many, including the Government of Belize, think that crude and natural gas reserves are “plentiful” in Belize."

"As to the partnership between Princess and Treaty, Cho said that although Treaty wants a stake in the Princess Petroleum production sharing agreement, the Government of Belize would need to approve it. However, Treaty can still continue works for Princess under the existing “farm in” agreement, of which he says the Government has received a copy."
---

7/15/2010 Treaty Energy PR
http://www.marketwire.com/press-release/Treaty-Energy-Reports-Progress-on-Tennessee-and-Belize-Oil-and-Gas-Leases-1290939.htm
"Treaty representatives flew to Panama City, Panama, for meetings the past Monday with the president of Princess Petroleum, Inc. Both groups then flew to Belize City for meetings with government officials to layout the drilling plan that the Treaty/Princess joint venture proposes to implement. Treaty Energy indicated that it has funding in place to proceed with the required efforts to pick the first drill site and then drill well #1 as soon as can be done, and working with its partner, Princess Petroleum, will assure that all drilling projects will be in compliance with rules and regulations of the Belize government."

7/21/2010 Article quoting Director of Geology and Petroleum, Andre Cho/Belize:
http://belizean.com/news/belize-petroleum-director-comments-on-treaty-energy-statement/
"The Belize Petroleum and Geology Department has denied reports in a press release from Treaty Energy Corporation claiming it met with government officials in Belize last week."
---
9/20/2010 Treaty Energy PR announcing the signing of a service contract between Treaty and Radar Satellite Solutions on July 20, 2010.
http://finance.yahoo.com/news/Treaty-Energy-Reports-Signing-iw-708494159.html?x=0&.v=1

Link to Treaty's website for Radar Satellite Solutions initial analysis report of a portion of the land based concession in Belize.
http://www.treatyenergy.com/belize1/belize1.htm

03/17/2011 Treaty Energy PR:
http://www.marketwire.com/press-release/Treaty-Energy-Updates-Progress-on-Belize-1413250.htm
"Drilling Schedule: The Company explained that it has made very strong progress on this project at a relatively reasonable level of expenses to-date, and it is very close to announcing up to three initial drilling locations, with a projected drilling date within 60 to 90 days."

also:
"...to date $725,000 has been invested in the Belize project by Treaty Energy."
(Note: This dollar amount maybe inaccurate, see 8ka filed on 3/31/2011)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001031/0001354488-11-001031-index.htm
---
4/1/2011 Treaty Energy PR:
http://www.marketwire.com/press-release/Treaty-Energy-Acquires-Oil-Gas-Company-1421275.htm
Drilling process in Belize is set to commence in May 2011.
---
5/3/2011 Treaty Energy PR:
http://finance.yahoo.com/news/Treaty-Energy-Forms-Treaty-prnews-1872257313.html?x=0&.v=1
Treaty announces selection of first eight drilling locations.
---
5/9/2011 Treaty Energy PR:
http://finance.yahoo.com/news/Treaty-Energy-Corporation-prnews-1856752106.html?x=0&.v=1
Treaty announced that it has completed the organization of its new Belizean operating subsidiary, Treaty Belize Energy Limited.

A summary of the Acquisition PR’s and 8-k’s

Form 8-K
http://www.sec.gov/answers/form8k.htm
----------------------
Press Release dated: Jan 09, 2009
http://www.financialnewsusa.com/finance/archives/6625-treaty-energy-corporation-2
Enters LOI to acquire the VAGO #1 Project,. Taylor County, Texas(west texas)160 acres
-----
Per PR dated July 30, 2009, acquisition completed.
http://investor.wedbush.com/wedbush/?GUID=9596283&Page=MediaViewer&Ticker=TECO
8-k filing date: Aug 4, 2009 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001175/0001116502-09-001175-index.htm

Per PR dated, Oct 8, 2009, acquisition rescinded.
http://investor.wedbush.com/wedbush/?GUID=10336976&Page=MediaViewer&Ticker=TECO
No 8-k filed (Termination of Material Definitive Agreement), but noted in the 10Q filed 11/16/2009.

Press Release dated: July 9, 2009
http://www.istockanalyst.com/article/viewiStockNews/articleid/3340419
Enters LOI to acquire a 360-acre lease in Taylor County, Texas

Per the PR dated Oct 8, 2009, "closing on this possible acquisition is delayed".
http://investor.wedbush.com/wedbush/?GUID=10336976&Page=MediaViewer&Ticker=TECO
As of yet, no 8-k filed (Entry into Material Definitive Agreement)
The acquisition never happened.

Press Release dated: July 15, 2009
http://www.istockanalyst.com/article/viewiStockNews/articleid/3350692
Enters LOI to acquire a 113 acre Baker lease in Brown County, Texas

Per the PR dated Oct 8, 2009, "closing on this possible acquisition is delayed".
http://investor.wedbush.com/wedbush/?GUID=10336976&Page=MediaViewer&Ticker=TECO
As of yet, no 8-k filed (Entry into Material Definitive Agreement)
The acquisition never happened.

Press Release dated: Aug 7, 2009
http://investor.wedbush.com/wedbush/?GUID=9678174&Page=MediaViewer&Ticker=TECO
Enters LOI to enter into a 50/50 Oil & Gas Joint Venture ("JV") with Discovery Resource Group, LLC
DRG is to secure an initial credit line from a bank of $2 million for drilling and work overs of wells.
The line of credit is projected to do work overs in West Texas, radial jet lateral line work overs, and drill new wells in Tennessee.

As of yet, no 8-k filed (Entry into Material Definitive Agreement)
No mention of this (JV) in the 10K for 2009 nor in any 10Q for 2010.
The (JV) never happened.
---
Press Release dated: Oct 8, 2009
http://investor.wedbush.com/wedbush/?GUID=10336976&Page=MediaViewer&Ticker=TECO
Agreement to acquire 54 oil and gas leases with Town Oil Co. in Paola, Kansas.

8-k filing date: Oct 14, 2009 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001568/0001116502-09-001568-index.htm

Per the Press Release dated, Jan 5, 2010, the agreement was completed.
http://investor.wedbush.com/wedbush/?GUID=11344539&Page=MediaViewer&Ticker=TECO

Per the Amended Sale and Purchase Agreement closing won’t be until Sept. 2010, or if extended, Dec 2010.
8-ka filing date: 1/12/2010 (Amended Material Definitve Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000111650210000035/0001116502-10-000035-index.htm

Per the Press Release dated, 12/20/2010, Treaty claims to have a funding commitment of $9 million for this property deal and that the purchase agreement has been extended to February 21, 2011.
http://newsblaze.com/story/2010122103295900001.mwir/topstory.html

Per the Press Release dated, 2/28/2011, "Treaty's lender is located in an area that has been affected by continued severe weather which has caused the lender to ask for a closing date of April 1, 2011."

In the 'Subsequent Events' entry for the 10k filed on 4/15/2011 it did not list this funding commitment nor did it state that the Kansas deal had closed.
The 10Q for 3/31/2011 filed on 5/16/2011 clearly indicated that, as of 3/31/2011, the Kansas deal had not been closed and there was no mention of the Kansas deal in the Subsequent Events section.

As of today, still no word from the company if the Kansas deal has been closed on.

(See IHub post titled "Kansas and Belize projects")
---
also in this PR:
SAGO Lease Ended the lease relationship
---
Press Release dated: Oct 29, 2009
http://investor.wedbush.com/wedbush/?GUID=10576563&Page=MediaViewer&Ticker=TECO
A letter of intent to purchase 56 wells on 600 acres near Converse, Louisiana.
The terms of the purchase are $350,000 cash at closing and one year owner financing for $650,000.
The lender for this acquisition is Midwest Capital Investments LLC, (registered in Florida, Dan Olson).
Per the 10-k for 2009, "The deal fell through do to inablility to obtain financing".
http://www.sec.gov/Archives/edgar/data/1075773/000135448810001193/0001354488-10-001193-index.htm
The 10,000,000 shares, posted by the “unnamed affiliate” as collateral, were forfeited.

Press Release dated: Nov 13, 2009
http://investor.wedbush.com/wedbush/?GUID=10768905&Page=MediaViewer&Ticker=TECO
Announces it is a acquiring a 70% net working interest in an oil and gas lease in Morgan County, Tennessee.

The lender for this acquisition is Midwest Capital Investments LLC, Dan Olson).
The Press Release dated: Dec 21, 2009 announced that the acquisition was successfully closed on.
http://investor.wedbush.com/wedbush/?GUID=11214454&Page=MediaViewer&Ticker=TECO

However:
Excerpt from 10-k for 2009, concerning this lease.
http://www.sec.gov/Archives/edgar/data/1075773/000135448810001193/0001354488-10-001193-index.htm
"As of the date of this report, we have been unsuccessful at obtaining financing to pay the promissory note and the seller has not transferred title to these assets."

Excerpt from 1st 10Q for 2010 "We owned no oil and gas properties at December 31, 2009 or March 31, 2010."
http://www.sec.gov/Archives/edgar/data/1075773/000135448810001706/0001354488-10-001706-index.htm
The acquisition never happened.
---
Press Release dated: April 4, 2010
http://investor.wedbush.com/wedbush/?GUID=12595641&Page=MediaViewer&Ticker=TECO
Announced the acquisition of three (3) oil wells and ten (10) gas wells from Discovery Resource Group, LLC.
The 3 oil wells are located in Venango County, Pennsylvania.
The ten gas wells are located in the Centerville and Mead districts of Tyler County, West Virginia.

As of yet, no 8-k filed (Entry into Material Definitive Agreement)
No mention of these acquisitions in any 10Q for 2010.
The acquisitions never happened.

Press Release dated: April 15, 2010
http://investor.wedbush.com/wedbush/?GUID=12691384&Page=MediaViewer&Ticker=TECO
Announced that it concluded the acquisition of five oil and gas leases in Tennessee on April 13, 2010.

Per this PR the leases are in Pickett County, Tennessee.
Byron Hill #1
H. Groce #1
H. Groce #2

Coleman Crouch #4
Wilburn Hill.

There were no 8-k’s filed (Entry into Material Definitive Agreement)
-----------------------------------------
As per the 10 Q for June 30, 2010 concerning the Tennessee leases:
http://www.sec.gov/Archives/edgar/data/1075773/000135448810002585/0001354488-10-002585-index.htm
TECO’s interest is 100% undivided working interest (82.5% royalty interest)
Price: 1.5 million shares of TECO which were contributed by “a major shareholder”.

The Tennessee leases were:
Robin Moody, 18.5 acres (1st shut in well reopened in Tennessee)
“On May 27, 2010, we entered into an agreement to sell 50% of our working interest in the Robin Moody #1 well for $20,000 in cash.”
“On June 11, 2010, we sold a 20% interest in the Robin Moody lease for $55,000 in cash.”

From the PR dated Sept 16, 2010
http://findarticles.com/p/articles/mi_pwwi/is_201009/ai_n55246328/
"Oil production has decreased to approximately 2 barrels of oil per day."
------------
Joseph Schwallie, 47 acres (2nd shut in well reopened in Tennessee)
” On June 11, 2010, we entered into an agreement to sell 35% of our working interest in the Joseph Schwallie #1 well to an investor for $20,000 cash.”
“Also on June 11, 2010, we entered into an agreement to sell another 20% of the Joseph Schwallie #1 well for $55,000 in cash.”

From the PR dated Sept 16, 2010
http://findarticles.com/p/articles/mi_pwwi/is_201009/ai_n55246328/
"To date we have been pumping water with small crude oil shows."
------------
Herbert Groce #1, 77 acres(3rd shut in well reopened in Tennessee)
“On June 18, 2010, we entered into an agreement to sell 50% of our working interest in the Herbert Groce #1 well for $45,000 in cash.”

From the PR dated Sept 16, 2010
http://findarticles.com/p/articles/mi_pwwi/is_201009/ai_n55246328/
"...we plan to plug and abandon the well."
---
Herbert Groce #2, 80 acres
---
Leeta West, 20 acres
---
Byron Hill, 18.5 acres
---
Terry Williams, 18.5 acres
---
Kimberly Hicks, 18.5 acres.
--
The Press Release dated: June 24, 2010 announced the addition of the COLEMAN CROUCH lease to its oil and gas lease properties in Pickett County Tennessee.
http://finance.yahoo.com/news/Treaty-Energy-Adds-Another-iw-1359885099.html?x=0&.v=1

But, the 2nd and 3rd 10Q's for 2010 made no mention of the Coleman Crouch #4 nor the Wilburn Hill.
----------------------------------------
Press Release dated: April 22, 2010
http://investor.wedbush.com/wedbush/?GUID=5845413&Page=MEDIAVIEWER
Entered into a 50\50 Joint Venture Agreement with Princess Petroleum Limited.
As part of the joint venture Treaty will have the right to explore for oil and gas on a total of 2,000,000 acres.
Treaty intends to start drilling its first well no later than July 1, 2010.(It didn't happen.)

As of yet, no 8-k filed (Entry into Material Definitive Agreement), but mentioned in the 10Q, dated June 30, 2010.
http://www.sec.gov/Archives/edgar/data/1075773/000135448810002585/0001354488-10-002585-index.htm

See the post titled "Kansas and Belize projects" by smithsd7 for other information.
----------------------------------------
Press Release dated: April 1, 2011
http://www.marketwire.com/press-release/Treaty-Energy-Acquires-Oil-Gas-Company-1421275.htm

Announced the purchase of C&C Petroleum Management LLC, an Indiana company, with oil and gas properties in Texas.
Indiana SOS webpage:
https://secure.in.gov/sos/online_corps/name_search_results.aspx?search_name=C%26C+Petroleum+Management+LLC&search_type=exact&client_id=&submit.x=44&submit.y=8&search_mode=search

This purchase includes the following leases:
HENDERSON LEASE - 40 Acres
LONG LEASE - 37.5 Acres
BARNES LEASE - 80 Acres

8-k filing date: April 5, 2011 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001099/0001354488-11-001099-index.htm

The 8k states that the acquisition of C&C closed on March 31, 2011.
The Sale Agreement says that the closing date is set for April 8, 2011.

From the "Assignment of Oil and Gas Lease.pdf", which is downloadable by clicking on the heading "Texas" on Treatys "Project" webpage, the TRRC Lease numbers are listed as:
HENDERSON LEASE - TRRC District 7B, Lease #00324
LONG LEASE - TRRC District 7B, Lease #00324 (same as Henderson Lease, weird, "Long" lease doesn't show up)
I could find nothing on the "Long" lease, due to the wrong Lease number.
P. H. BARNES LEASE - TRRC District 7B, Lease #08680 and #25394
This number (P – 17 #5596) is also shown for the Barnes lease. I don't know what significence it has.

Treaty says that the Barnes lease is producing 10 to 15 barrels of oil per day.
http://www.marketwire.com/press-release/Treaty-Energy-Acquires-Oil-Gas-Company-1421275.htm

The TRRC site doesn't confirm this number.

Production records can be found at:
http://webapps2.rrc.state.tx.us/EWA/specificLeaseQueryAction.do;jsessionid=mHVTNypdQSJjn097vhqdLZynyvh8kyl72yVh8LxhD2by8QZhLQ2b!1597989945
---
Also in this PR:
"Stephen York joins Treaty Energy as Vice President of Acquisitions and Operations for the State of Texas and will oversee operation of the drilling process in Belize."
----------------------------------------
Press Release dated: April 12, 2011
http://finance.yahoo.com/news/Treaty-Energy-to-Acquire-prnews-3222947283.html?x=0&.v=1

Treaty announced it has signed a LOI to purchase additional producing oil and gas leases in the Shackelford County Regular Field, in the Texas 7B Oil District. Treaty says that this acquisition is projected to close on April 14, 2011.
See "A second Press Release dated: April 20, 2011" below for the 8k link.
----------------------------------------
Press Release dated: April 20, 2011
http://finance.yahoo.com/news/Treaty-Energy-Purchases-iw-1705829647.html?x=0&.v=1

Treaty Energy announces the purchases of a small, shallow-well drilling Rig.

8-k filing date: April 20, 2011 (Entry into Material Definitive Agreement)
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001229/0001354488-11-001229-index.htm
----------------------------------------
A second Press Release dated: April 20, 2011(Shackelford County)
http://finance.yahoo.com/news/Treaty-Energy-Acquires-Two-prnews-2226412180.html?x=0&.v=1
Treaty Energy announces the acquisition of two additional Texas leases.

"Treaty indicated that production on these leases is currently 4.18 barrels of oil per day."
"Private financing to fund the drilling had been arranged prior to the acquisition of the Failing Drilling Rig."
---
The lease numbers are from the 8k filed on 4/21/2011:
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001241/0001354488-11-001241-index.htm

SHOTWELL W. F. TRC Lease #7B-03520
http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=SHOTWELL%252C%2BW.%2BF.&univDocNo=556395

SHOTWELL "C" TRC Lease #7B-28384
http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=SHOTWELL%2B%2522C%2522&univDocNo=552808
http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=SHOTWELL%2B%2522C%2522&univDocNo=558344

From the TRRC production records I don't see 4.19 barrels of oil per day; I see less than 2 barrels per day. The records for march hadn't been submitted when I last checked.

Specific Lease Query Criteria web page at the TRRC:
http://webapps2.rrc.state.tx.us/EWA/specificLeaseQueryAction.do;jsessionid=mHVTNypdQSJjn097vhqdLZynyvh8kyl72yVh8LxhD2by8QZhLQ2b!1597989945

#7B is the imput for 'District' and the following number (e.g.03520) is for the 'Lease No.'

Be sure to set the date range.

I took snapshots of the records and posted them here:
http://smithsd7spage.weebly.com/

Per the Treaty PR dated 4/29/2011
http://finance.yahoo.com/news/Treaty-Energy-Updates-iw-2380195453.html?x=0&.v=1

The closing on this acquisition has been delayed until June 7.
The following letter, in a .pdf file, is from the seller's attorney addressing this situation.
http://media.marketwire.com/attachments/201104/25114_Clavo-GreenRiver-Treaty-ConfirmLtr.pdf
----------------------------------------
Press Release dated: May 11, 2011
http://finance.yahoo.com/news/Treaty-Energy-Corporation-prnews-1422561516.html?x=0&.v=1
Treaty Energy announced that it has established the subsidiaryTreaty Energy Drilling, LLC a Texas company.
Quote from this PR, "Our new drilling company will be acquiring a second drilling rig immediately to perform all drilling operations that will be required in Belize."

Another file for viewing titled:

RB requests documents, Hallin responds.

http://smithsd7spage.weebly.com/

sundevilfan, Oh, no you di'nt! lol

In addition to Russian-Trader's link.
http://cincinnati.bizjournals.com/cincinnati/stories/2005/12/12/story4.html

http://cincinnati.bizjournals.com/cincinnati/stories/2006/04/10/tidbits1.html?q=%20david%20hallin%20%20texas

http://cincinnati.bizjournals.com/cincinnati/stories/2007/03/19/story2.html?q=%20david%20hallin%20%20texas

Shiz, can you back any of that up with some proof?

This is the Document that shows Hallin received Treaty Stock, it's titled:
Hallin responds to Blackburn's interrogatories
http://smithsd7spage.weebly.com/

That sounds very creditable. Thanks for the input.

fmi81, it appears you are right about Hallin receiving shares in Treaty(TECO). I'll post the document as soon as I can...might not be until tomorrow, as I'm have trouble getting onto the site.

fmi81, I guess we'll have to wait until the case comes to court for the whole story. Though I do have this document, which I'll post online as soon as I can:

"RESPONSE TO INTERROGATORIES PROPOUNDED BY RONALD L. BLACKBURN" (Hallin responding)

fmi81, you say that they converted the stock into Treaty stock...you got a link for that one?

You say Hyatt didn't show up for testimony? Was she required to? What's the significance? Are you saying that because of that, she is out of the suit or what?

Andrew Reid is running Treaty now? Then what's this about a principal stockholder making deals for Treaty and Reid not even knowing what's what until much later?

http://www.sec.gov/Archives/edgar/data/1075773/000135448811001031/0001354488-11-001031-index.htm

http://www.sec.gov/Archives/edgar/data/1075773/000135448811001100/0001354488-11-001100-index.htm

Well, gee ericshon3, why don't you tell that side of the story?
And please provide links as I have done. OK?

Looks to me like they made the mistake of trusting the wrong people, and I don't see where they converted stock to Treaty stock, you'll have to point that out to me.

Excerpts from "filed_3_11_2010.pdf"
http://smithsd7spage.weebly.com/

Count 1
BREACH OF CONTRACT AND FRAUD

11. Defendants Ronald L. Blackburn, Carolyn Mae Williams Alonzo, and Charles Paul Alonzo, Jr. presented fraudulent financial statements of Phoenix Associates Land Syndicate, Inc. to petitioners David Hallin, Ronda, and Gary Dunham upon which petitioners relied and which induced petitioners to enter into a stock transfer agreement with defendants.



13. Petitioners entered into an agreement on May 5, 2008 to transfer stock in Petitioners' corporation Treaty Petroleum, Inc. in exchange for stock in Phoenix Associates Land Syndicate, Inc.

15. The Purchase Agreement of May 16, 2008 signed by Ronald L. Blackburn was breached when preferred stock certificates were distributed to the stockholders of Treaty Petroleum, In, a Texas Corporation, for Phoenix Oil and Gas, a Nevada Corporation, in direct contravention of the agreement.

COUNT II FRAUD

21. The actions described herein constitute fraud commonly referred to as "bait and switch." What was promised in the Purchase Agreement is not what was delivered by the defendants Carolyn Alonzo, her husband Charles Paul Alonzo, Jr., and their cohort Ronald L. Blackburn.

23. The conduct of defendants Carolyn Mae Williams Alonzo, Charles Paul Alonzo, Jr., and Ronald L. Blackburn and the facts and circumstances surrounding their negotiations and consummation of the purchase by them of petitioners' stock ownership of Treaty Petroleum, Inc. constitute fraud.

------------

fmi81, who did you hear that from? IR?

Excerpts from a court document titled "filed_3_11_2010.pdf":
http://smithsd7spage.weebly.com/

"18. Phoenix Oil & Gas preferred cerificates issued to petitioners were fraudulent as they were not in accordance with the Purchase Agreement of May 16, 2008."

"Certificates", "Purchase Agreement", sounds like hard proof that will certainly be presented to the court. I think I'll trust a court document over what TECO's IR say anyday.

--------------------------
From the merger Agreement:
http://www.sec.gov/Archives/edgar/data/1075773/000135448808002139/ex101.htm

TK Holdings owned 397,440,000 shares
---
From the Voluntary Dissolution document on the Florida site Blackburn owned 100% of Tri Koon Holdings.

http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=L08000094414&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=TRIKOONHOLDINGS&names_filing_type=
---
Per the 10k for 2010 he owned only 67,353,946.
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001208/0001354488-11-001208-index.htm
---

Also from the court document:

"8. They provoke rises in the prices of Treaty Energy Corporation stock by arranging for Treaty to merge with a series of shell companies which are touted as having viable business activities. As the scheme falls apart, Blackburn and his associates will attempt to dump millions of dollars of worthless shares on public investors."

But, you're right. Time will tell.

Important DD for all investors

From the merger Agreement:
http://www.sec.gov/Archives/edgar/data/1075773/000135448808002139/ex101.htm

EFFECT ON CAPITAL STOCK; SURRENDER OF CERTIFICATES AND PAYMENT
ARTICLE II
"with 397,440,000 of such shares to be issued to TK Holdings; and 16,560,000 of such shares to be issued to Osprey Partners’s designee, Michael A. Mulshine, constituting 90% of the issued and outstanding common stock of ARGY."

The A/S was 500,000,000 (Note: It is now 750,000,000)
O/S was.....460,061,553
.........................................Shares
TK Holdings.......................397,440,000....86.39 % of O/S
Osprey Partners..................16,560,000.....3.6 % of O/S
(designee, Michael A. Mulshine)

---------

From the 10-k filed 5/15/2009:
http://www.sec.gov/Archives/edgar/data/1075773/000135448809000366/treaty10k.htm
TK Holdings, LLC (a.k.a. Tri Koon Holdings)
310 North Willis, Suite 212,
Abilene, Texas 79603

---------

I believe that the fictatious name "TK Holdings, LLC"
http://sunbiz.org/scripts/ficidet.exe?action=DETREG&docnum=G09013900355&rdocnum=G02007900411
used in the 10k, instead of the real name "Tri Koon Holdings, LLC", was in order to hide the fact that the Alonzo's and Blackburn were the principles involved with TECO.(an example of smoke and mirrors, not transparency)

If you look up TK Holdings, LLC on the Texas site
https://ourcpa.cpa.state.tx.us/coa/servlet/cpa.app.coa.CoaGetTp?Pg=tpid&Search_Nm=TK%20Holdings%20&Button=search&Search_ID=10437185415
the Alonzo's and Blackburn don't show up, because its the wrong company.
It's only when you look up Tri Koon Holdings, LLC or TK Holdings(Fictitious Name Search) on the Florida site, that the curtain is lifted.

http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=L08000094414&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=TRIKOONHOLDINGS&names_filing_type=

10/03/2008 -- Florida Limited Liability:

Electronic Articles of Organization
Dated October 03, 2008
The officers of Tri Koon Holdings were:
Paul Alonzo
Ronald Blackburn
Carolyn Alonzo
--------------

Why would they want to hide the involvement of the Alonzo's and Blackburn?

UNITED STATES BANKRUPTCY COURT
EASTERN DISTRICT OF LOUISIANA

IN RE: PHOENIX ASSOCIATES LAND SYNDICATE, INC.
CASE NO. 09-11743
CHAPTER 7
DEBTOR

WILBUR J. “BILL” BABIN, JR., IN HIS
CAPACITY AS TRUSTEE OF THE
BANKRUPTCY ESTATE OF PHOENIX
ASSOCIATES LAND SYNDICATE,
PLAINTIFF

"Between June 10, 2005 and June 10, 2009 (the four year reach-back period under Nevada law), Phoenix distributed in excess of $6,000,000.00 to its three principals, Paul Alonzo, Carolyn Alonzo, and Ronald Blackburn. At the same time that it was distributing these millions of dollars to its principals, Phoenix submerged sharply into deeper levels of debt. Schedule F of the Debtor’s bankruptcy schedules tallies a total indebtedness at $20,135,813.313 (Bankruptcy Case Doc. 39). The Trustee has determined that the distributions to the Alonzos and Blackburn were paid at the expense of its and its companies’ unpaid creditors, and constituted fraudulent conveyances and unlawful dividends under Nevada and federal bankruptcy law.

Since 2003, creditors have been pursuing Phoenix. According to the Statement of Financial Affairs, at least forty creditors have filed suits in various courthouses across the country and are seeking collection of their claims."
---
Background links for Ronald L Blackburn:

Toledo Blade Article May 19, 1990
http://news.google.com/newspapers?nid=1350&dat=19900519&id=6g4VAAAAIBAJ&sjid=EgMEAAAAIBAJ&pg=6853,5403156

Toledo Blade Article September 10, 1999
http://news.google.com/newspapers?id=5IYUAAAAIBAJ&sjid=9QMEAAAAIBAJ&pg=6727,3477522&dq=former-sylvania-man-sentenced-to-37-months-in-income-tax&hl=en

Federal Bureau of Prisons
http://www.bop.gov/iloc2/InmateFinderServlet?Transaction=NameSearch&needingMoreList=false&FirstName=Ronald&Middle=L&LastName=Blackburn&Race=U&Sex=M&Age=63&x=81&y=10
--------------------------------
The old officer list of TREATY ENERGY CORPORATION:
GARY E DUNHAM
DAVID HALLIN
RONDA HYATT
RANDALL NEWTON

Blackburn fired the old management as mentioned in these TECO documents filed with the sec on July 8, 2009...

http://www.sec.gov/Archives/edgar/data/1075773/000111650209001454/treaty_171.htm
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001454/treaty_172.htm
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001454/treaty_173.htm
--------------
Blackburn dissolved Tri Koon Holdings, LLC as recorded in this document:
11/19/2009 -- LC Voluntary Dissolution
on the Florida site.

http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=L08000094414&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=TRIKOONHOLDINGS&names_filing_type=

If the notation in Blackburns own hand is accurate(and I see no reason to believe that it is not) then he owned 100% of Tri Koon Holdings interest in TECO at that time.(397,440,000 shares....86.39 % of O/S)

And why did the 10K(dated Dec 31, 2009) list TK Holdings, LLC as a beneficial owner when it was already dissolved? The rightful entry of beneficial owner should have been Ronald L Blackburn.

I see that they are finally using his name, instead of the curtain of "TK Holdings".


Per the 10k for 2010
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001208/0001354488-11-001208-index.htm
he owned 67,353,946. Some of those shares have gone for acquisitions ( I haven't tallied them, but definitely not 330,086,054), he seems to be selling hand over fist. Or maybe alot of them were converted into voting Preferred shares that would suck out a lot of the profit from Treaty, should there ever be any. The common shares that were converted would probably go to the treasury, most likely to be sold by Treaty, causing further dilution and suppressing the PPS further.
[/color]

--------------------------------
--------------------------------
Background links for Andrew V. Reid, Treaty's CEO

Excerpt from:
http://www.nola.com/business/index.ssf/2010/12/new_orleans_newest_public_comp.html
---
History of fraud

Micro-cap stocks, or companies with fewer than 500 investors and $10 million in assets like Orpheum Property, don't have to make filings with the U.S. Securities and Exchange Commission. No filings have been made about the Orpheum merger or name change.

The SEC notes that many micro-cap stocks are legitimate businesses, "but the lack of reliable, readily available information about some microcap companies can open the door to fraud." Fraud perpetrators often pay promoters to tout their stock and issue news releases that are exaggerated or untrue, the SEC warns.

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.
---

Excerpts from:
http://www.nola.com/business/t-p/index.ssf?/base/money-5/1292739703145850.xml&coll=1

"The Financial Industry Regulatory Authority Inc., the industry group that regulates securities brokers, has seven closed securities investigations on file for Reid alleging things like misrepresentation, fraud, negligence, breach of contract, unsuitable trading and investing, violating securities regulations and depositing a check meant for the firm into his personal account."

"I was never found to be at fault for harming any investors," Reid said, a statement which conflicts with the official account in his 22-page report.
------------------------------------------------------------------------
Note: Michael A. Mulshine is also involved with Orpheum Property Inc.
http://www.reuters.com/finance/stocks/companyOfficers?symbol=PLFF.PK

and Phoenix Associates Land Syndicate, Inc.
http://findarticles.com/p/articles/mi_pwwi/is_200605/ai_n16350121/

------------------------------------------------------------------------
S8 filed with the SEC on 2/23/2011 where 100,000,000 shares were registered for sale for legal defense purposes.
http://www.sec.gov/Archives/edgar/data/1075773/000135448811000585/0001354488-11-000585-index.htm

Excerpt:
"As permitted by the provisions of the Nevada Revised Statutes (the "NRS"), the Company has the power to indemnify any person made a party to an action, suit or proceeding by reason of the fact that they are or were a director, officer, employee or agent of the Company, against expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by them in connection with any such action, suit or proceeding if they acted in good faith and in a manner which they reasonably believed to be in, or not opposed to, the best interest of the Company and, in any criminal action or proceeding, they had no reasonable cause to believe their conduct was unlawful. Termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, does not, of itself, create a presumption that the person did not act in good faith and in a manner which they reasonably believed to be in or not opposed to the best interests of the Company, and, in any criminal action or proceeding, they had no reasonable cause to believe their conduct was unlawful."

Link to some court documents concerning Treaty:
http://smithsd7spage.weebly.com/