Read about Catherine's compensation in the 10k's that are file with the SEC and draw you own conclusion.

I have a different perspective.

date..............O/S............difference..........ave.dilution/month

12/14/07 4,327,629

11/10/08 44,824,292......40,496,663 /11 months = 3,681,515

10/19/09 94,234,523......49,410,231 /11 months = 4,491,839

This is a slow steady bleeding. When/if financing is achieved I would expect a spike in share dilution because of it, as these things wont be free. That will be a sign of things moving forward in the interest of the shareholders, i.e., financing; financial audits and (hopefully) uplisting to the otc; new interest(s) in gas and oil property.

Concerning Ronald Blackburn of TRI KOON HOLDINGS, LLC , (a.k.a., TK Holdings) majority shareholder of Treaty Energy Corporation.

Toledo Blade Article May 19, 1990

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

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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

http://www.sec.gov/Archives/edgar/data/1075773/000111650209001642/teco_8k.htm

On October 20, 2009, Treaty Energy Corporation (“Treaty” or the “Company”) appointed Joe Grace as a director, President, and Chief Operating Officer. The Company also appointed Dan Olson as a director.

Mr. Grace, 65 years of age, has been a consultant to various private and public companies since 2004. Mr. Grace’s appointment will last for one year. As compensation, Mr. Grace will receive 16,000,000 shares of Treaty common stock. Because the Company currently has insufficient authorized capital to issue these shares, Mr. Grace’s compensation will be paid from shares currently held by a Treaty shareholder. Once the Company has sufficient authorized capital, it will reimburse the shareholder for the shares transferred to Mr. Grace.

Mr. Olson, 54 years of age, has been a partner of Small Cap Consulting, LLC, a management consulting firm, since 2004, where he has advised startup and development companies on creating and implementing sales, distribution, and marketing strategies. Since 2006, Mr. Olson is also a partner in Midwest Investments, LLC, which acquires and invests in commercial real estate. Mr. Olson’s appointment will last for one year. As compensation, Mr. Olson will receive 1,500,000 shares of Treaty common stock. Because the Company currently has insufficient authorized capital to issue these shares, Mr. Olson’s compensation will be paid from shares currently held by a Treaty shareholder. Once the Company has sufficient authorized capital, it will reimburse the shareholder for the shares transferred to Mr. Olson.

PR
Oct 29, 2009 - http://finance.yahoo.com/news/Energy-Finders-Inc-enters-prnews-3432319210.html?x=0&.v=8
The Energy Finders, Inc. is pleased to announce that it has entered into preliminary negotiations to sell or joint venture all or part of its interest in the Trinity project in Edwards County in Texas.

If the Company is successful in either selling or joint venture arrangement, it intends to consider other projects within North America.

The Company may seek to redirect resources toward the Bakken Shale area situated in North Dakota, Montana and Saskatchewan. Recent drilling success has initiated successful exploitation of this major geological resource estimated at exceeding 500 billion barrels of good quality crude. Horizontal drilling combined by a sharp increase in the use of packers is now economically recovering a small fraction of the resource.

The Trinity Sand project in Texas is principally a heavy oil resource and is presently under a joint venture agreement with Mega West Energy based in Calgary, Canada. Several test wells were drilled last year in which Mega West earned its interest in the acreage.

Historic Information on Trinity Sands:

Since 1969, companies such as Shell, Getty, Murphy Oil, Dorchester and Carmel Energy have drilled and cored wells to quantify the heavy oil resource and have tested steam recovery in this project area. The well data encouraged further drilling and testing, but the then existing economic conditions did not support commercial development. There are also references to primary oil production from one of the wells.

The majority of the data for the Trinity Sand formation comes from wells drilled en route to the deeper gas formations. Electrolog and core analyses demonstrate oil in the Trinity Sand formation throughout the area, but no commercial production has been established to date. Aggregate sand sections vary from 40 to 140 feet in thickness.

Sorry to hear that Xylan. Hope you all come though it ok. Best wish's.

So is Paul's.
Check the Annual report 3/24/2009 at the bottom of the
TRI KOON HOLDINGS, LLC page on the florida site.

http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=L08000094414&inq_came_from=OFFFWD&cor_web_names_seq_number=0002&names_name_ind=P&ret_names_cor_number=L07000120926&ret_cor_web_names_seq_number=&ret_names_name_ind=&ret_names_comp_name=&ret_names_filing_type=&ret_cor_web_princ_seq=0000&ret_princ_comp_name=ALONZOCALLAGLORIAS&ret_princ_type=R

caprock, I must have missed something. Why is only RB and not PA and CA involved here?

Generally speaking, one can make a smoke and mirror lie out of what, on face value, seems to be a truth and can't be proved in a court of law to be anything else.

Incidentally, I would imagine that a lawyer would be especially equipped for this sort of thing.

And let me add, lest anyone get the wrong idea, that for all I know Catherine is as honest as they come.

Thanks for the update Mike, do you know if the restricted shares have changed?

I'm not trying to start an argument, nor dispute your perspective...your belief may very well be right. But as one becomes familiar with penny stocks, one also becomes aware that they are not all on the up and up.

Well, I certainly hope you are correct, but whether Catherine's intentions 'HAVE REMAINED' honorable or have degenerated to a self serving money grab at the expense of shareholders, can only be definitively revealed by Catherine's present and future actions, not her past.

The longer it takes for her to clarify the situation, the worse it appears.

I'm not offering any opinions...just the possibilities. Whether one chooses the half full or have empty perspective is, of course, up to the individual investor.

Since the company dropped from the OTC to the pinks, that information is not available.

The last filing with the SEC gives hope, but it may be a carefully designed false hope.

It could have been, for all I know(and I don't know, one way or the other) a means for Cathrine to sell some of her shares at a better price, or it could be a harbinger of devising action to get this company out of the pit it's been in for years and be a viable company.

No way to determine which until Catherine deigns to communicate with us.

What do you mean no dilution?
What you talking about Willis?

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42563935

Looks like they're just about out of shares.
Then there will be a R/S after that, no doubt.

I have no idea what it went for. For all I know, it could have been issued to Catherine to pay her salary.

I guess it might also mean that a deal fell through.
If I remember right, someone posted that 10 mil restricted shares were issued and earmarked for buying into a project. So, maybe it's not so good news.

Mike wouldn't that mean, that of the 10 mil decrease in restricted, 7,992,099 were sold into the market and
2,007,901 went back to the treasury?

Good to know...thanks for sharing.

fmi81, you wrote

"In addition, I will not be posting my e-mails, walking ones dog, doing others homework or any other tasks that require ones self to implement the preparation to reap the results.."

That's very generous of you, I'm sure(irony)...though I don't recall ever asking you to do those things. I only sought clarification of your seemingly conflicting posts. You took the time and made the effort to post them, I was just endeavoring to understand them. My apologies for imposing on your time.

In addition, I've done my own DD on this stock and the principals involved and wouldn't touch this stock with a ten foot pole.

Have a great day and thanks for responding.

fmi81, I'm a little confused and hope you'll clarify for me.

In this post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41891452:

You say...
"Asked hard questions to the company IR department today. They e-mailed me back in a timely manner and answered all my questions."

"Thanks to the Treaty IR for being so responsive..."

In your next post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41892171

You say...
"No exact information given but a sense of excitement in the voice is what I heard."

-----

Those "hard questions" you asked and received answers to, "containing no exact information", ... what were the questions?

I can't say for sure that this is our RB, but the name, and I believe the age, match up.

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

I'm guessing that Mr.Pratt is, James E. Pratt, SEC counsel to Phoenix
http://www.pbls.biz/orgChart.asp

I can't see any reason to disagree with that opinion.

Too worried? Really? What you talking about Willis?

Excerpts from:
http://www.sec.gov/investor/pubs/bankrupt.htm

Under Chapter 7, the company stops all operations and goes completely out of business. A trustee is appointed to "liquidate" (sell) the company's assets and the money is used to pay off the debt, which may include debts to creditors and investors.

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

What is Chapter 7 Bankruptcy?

Some companies are so far in debt or have other problems so serious that they can't continue their business operations. They are likely to "liquidate" and file under Chapter 7. Their assets are sold for cash by a court appointed trustee. Administrative and legal expenses are paid first, and the remainder goes to creditors. Secured creditors will have their collateral returned to them. If the value of the collateral is not sufficient to repay them in full, they will be grouped with other unsecured creditors for the rest of their claim. Bondholders, and other unsecured creditors, will be notified of the Chapter 7, and should file a claim in case there's money left for them to receive a payment.

Stockholders do not have to be notified of the Chapter 7 case because they generally don't receive anything in return for their investment. But, in the unlikely event that creditors are paid in full, stockholders will be notified and given an opportunity to file claims.
----------
Does My Stock or Bond Have Any Value?

Usually, the stock of a Chapter 7 company is worthless and you have lost the money you invested.

Nice days volume. eom

I wonder if any of the PIII's were cashed in. Maybe their salaries didn't leave enough for that though. Just wondering.

If you take this info,

reserved name File Date: 7/10/2008 7:10:17 AM

https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=aFJBy6eaV%252f18QOg8NEOkYw%253d%253d
--------------------------------------
reserved name 12/9/2008 2:15:45 PM

https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=DLlv1%252fzfamNSRLgbI4P6EQ%253d%253d
--------------------------------------
Action Type: Merge In
File Date: 12/30/2008

Treaty File Date: 8/1/1997

https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=v51BTlkpy%252flqSzq3dCpqpQ%253d%253d
--------------------------------------
From the non amended 8K
"Treaty Petroleum, Inc. is owned 100% by Phoenix Associates Land Syndicate."

http://idea.sec.gov/Archives/edgar/data/1075773/000135448809000268/treaty8k.htm
--------------------------------------
TRI KOON HOLDINGS, LLC
http://www.sunbiz.org/corinam.html

Date Filed 10/03/2008

Manager/Member Detail
BLACKBURN, RONALD
PO BOX 100
MADISONVILLE LA 70447 US

Title MGRM
ALONZO, CAROLYN
PO BOX 100
MADISONVILLE LA 70447 US

and extrapolate, you can easily come up with that the Alonzo's and Blackburn are... TK Holdings, LLC
Proof positive?...No. But come on...

And this one seems likely:
MANUFACTURER'S ARCHITECTURAL PRODUCTS, INC.
http://corp.sos.state.ga.us/corp/soskb/Corp.asp?1052185

Which one are you referring to?

I'm not 100% sure on the
VANDALAY EXPORTING, LP
RLB SERVICES LLC

In case anyone's interested...

VANDALAY EXPORTING, LP
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=85iAkWI8RpQzbOxzywCxcg%253d%253d

RLB SERVICES LLC
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=%252fmySgG7RWwwTwtFFALj%252bqQ%253d%253d

AAA Trading, LLC
http://arc-sos.state.al.us/cgi/corpdetail.mbr/detail?corp=434664&page=agent&file=


Jambo LLC ala
http://arc-sos.state.al.us/cgi/corpdetail.mbr/detail?corp=435441&page=agent&file=