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we hope they can get the old east texas rigs back on line.
who the hell knows ?
I was an investor who lost money in Technis oil wells in east texas. Gordon Johnson took over whats left of Technis, which is a few oil leases.
Academic Gordon Johnson, I don't care..Whatever.
Read recent post by JOJO Gunne...This was part of my last e-mail from Mr. Johnson.... That's all I know.
TECHNIS ENERGY LTD.
UPDATE
November 30, 2015
To Technis Investors/Shareholders:
First, let me apologize for taking so long to put out an update for you. However, I wanted to have information to present to you that that would offer some positive information that would reflect the progress that I have made and an actual plan that will allow each of you to hopefully have the opportunity to recover your investment and realize a profit down the road.
Frank Cole Legal Issues: As most are aware I requested the investors to contribute up to $500 each to fund my efforts to pursue monies that were misappropriated by Frank Cole, which is estimated to be at least $1 million. I did receive some contributions for which I am most appreciative, but it was not sufficient to totally fund the legal costs that I would incur in this pursuit. As it turned out another party had already initiated legal proceedings against Mr. Cole, the Estate of his wife, Technis/Trishmar, and another unrelated party. This suit was derived from some of the dealings that Mr. Cole had in Wood County, Texas on some properties in which the Company held an interest. These properties were totally unrelated to the majority of the assets of the Company. Because the offices of the Company were closed prior to my becoming involved with Technis the address of the Company was not current and we were never given notice of this suit. However, even had Technis been served there would not have been sufficient funds available to defend the suit.
A default judgment was rendered against Mr. Cole, his wife’s Estate and Technis in the amount of $6.3 million and an additional $12 million in exemplary damages. The Plaintiff in the suit can now foreclosure on any current assets owned by Technis and there are plans in the works to accomplish that, primarily in order to prevent any other creditor, investor or other party to attempt to cloud the title to these assets. I expect the foreclosure to occur in mid-December.
I have become very well acquainted with the party who was awarded the judgment and she has invited me to become involved in a loosely organized partnership with her to get the wells owned by the Company back into commercial production, and I have agreed. As we progress any working interest in any of the wells that were owned by Technis that I will receive will be held in the Technis Beneficial Trust on behalf of the investors and shareholders of the Company. It will not be easy to secure the funding to invest into the wells, but to date we have three (3) different groups that have either given us strong verbal commitments or have executed Memorandums of Understanding providing for terms on certain properties. The plan of each such entity is to either re-complete wells in the Austin Chalk formation that lies immediately above the Upper Woodbine formation, which is the zone in which the wells have been producing, to deepen wells to the Lower Woodbine as was one of the projects formulated by Mr. Cole but never attempted, or to rework the wells and return them to production. The latter is the least desirable of the options and would recover the least amount of production from the wells. I have made a serious study of both possibilities and I believe there is real merit for the first two options.
Looks like Mr.Johnson is on the Board of Directors at West Texas Resources.....Is that the connection??
Reverse Split
this board is dead......
LMAO ChipnBella, you old oil tycoon, that you are!!!!
Bayside Petroleum??? They are not listed on Texas RRC as operator..
Who is their operating company? in other words, who maintains the oil wells??? Oh, They are in other states and oversea..
Embassy Well Services, Inc.... go to Texas RRC web and look them up..as operator and statewide search...I think there is one owner and maybe after he dies, whe might have a claim to something....
ANY ideas on what will happen to the deepening projects as outlined by former President and Director Wasson?? They sold the only producing well, the Foster, after I invested with them....
HEY Chipnbella THERE is no Bayside Petroleum doing anything...There are no divies, DONT FORGET THE DIVIES..At least Technis had actual working wells, that produced sweet light oil at around 2 barrels per day.....Bayside Petroleum is nothing..I am not a basher.
TEchnis Energy is BROKE... I have told this board so many times..They are looking for money!
I GOT INVOlved researching BYSD since I am A Technis Energy shareholder and own 1% WI in their East Texas wells. I still follow the board simply for entertainment. Sorry.
legalize post #53600 summed it all up!!!! The Truth.
quote:
Inorout Tuesday, 05/20/14 04:42:46 PM
Re: Alilstockman post# 5284
Post # of 5335
Yeah, that's Nick Kontonicolas you're referring to. His "company" is called C Trade Group. I've researched him and he's a well known con man. And yes, he's worked with Bob Brehm on GMND's bogus oil terminal pump from a couple years ago. Nick also pumped for Roxanna Weber's now defunct company EMXC, as well as a host of other failed stinkie pinkies. When Kontonicolas shows up on a pump you better run away as fast as possible. Total con artist.
THIS Is not the TECAN group...Technis Energy was listed on GXG markets as TECN. There operating company is/was Embassy Oil Well Services on the Texas RRC website as Ooperator, General production query.....there you will see all there leases... I would like more info on my investment, but LOST money..Anyone else??? out there???
Very small outfit... Look up embassy oil well development co. as an production query on texas rrc website... They have (John Cole)
produced a lot over the years, but I lost money in this latest company called Technis Energy. They still have a web page up, but the company is shut down... I guess..Prices too low.. It has been John Coles career, and he sold the best well I was going to invest in as a WI % partner, to Dyersdale, telling us that they ran into title problems. The HL Foster lease in the East Texas Field still produces 1000 bbl per month, but he probably sold it for a million or two. I was hoping to find other investors.. Thanks.
ANY Technis Energy investors here?? There operating unit is/was Embassy Oil Well Development Co. East Texas Field... Anyone I hope???
LOL your just fooling yourselves - Dark company - no one to run any business here - just a hijack pump play, gl getting out now
Green Mountain Development co....GMND ???? WTF??? C.Trade, Inc.???
Venture Oil & Gas= Bayside petroleum??? Pump and Dump??
Doesn't someone have 1 million dollars to give to Technis Energy Ltd. (Embassy Oil Well Services, et.al.) to get these little stripper wells back on line...we need to put these folks back to work in East Texas.. I know this is the BYSD board. Sorry...
This is good entertainment.... You could write a movie script on all this stuff....
The ongoing slump in oil prices resulted in Technis Energy, Ltd. exercising an option under the previous deal terms with Bayside Corp. to rescind the acquisition of Bayside Petroleum Company, Inc. The continued downward spiral in oil prices forced the decision by Technis Energy, Ltd. Directors. ????????????????????????????????????????
The ongoing slump in oil prices resulted in Technis Energy, Ltd. exercising an option under the previous deal terms with Bayside Corp. to rescind the acquisition of Bayside Petroleum Company, Inc. The continued downward spiral in oil prices forced the decision by Technis Energy, Ltd. Directors. ????????????????????????????????????????
They can make new companies out of thin air via the Internet and proclaim anything they want to say.
you guys are so removed from reality.
What happened to the Bitcoin craze? Which poster is actually Mr. Johnson himself? Any ideas???
right Legalize.... I hope BYSD can make some money. I come frpm the Technis side and now I am involved with Bayside.
Disagree...Only land owners receive oil royalties...You simply own stock in BYSD, which is a subsidiary of Technis, in which all there oil wells are shut down. Look at my previous posts please.
IS THIS HOW YOU GET THE PPS TO GO UP?
Bayside Corp. will receive compensation in the form of $5,000,000 in Preferred Stock of Bayside Petroleum Company, Inc. and additional cash consideration..............NO CASH AND WORTHLESS SECURITIES....SORRY....
Yes I know...But I would not expect any "divies" that you people keep talking about.
This is the only board I know of for people who were invested in Technis which used to be called at least 4 other names over the years. Look up Embassy Oil Well services on Texas RRC web site, as Operator and search statewide. I am venting.
Technis Energy. This company is buying BYSD subsidiary?? They are so broke all their scrubber wells are not producing. John Wasson has resigned. There operating company ia Embassy Oil Well Services. This was Frank Cole's businesses.They will probably form a new company under a new name and sell 1% WI's again to rookies.
Anyone out there who "owned" 1% WI in TECHNIS ENERGY OIL WELLS?????? Want TO talk about it. I was originally on the HL Foster lease until they sold it ( called it developed TITLE problems.... rip off.... Anyone with exp. with TECHNIS and John Wasson and Frank Cole... Thanks for sharing..
IF PR releases aare the only thing that drives up the price of this stock...... must be ..... not too legit...Bitcoins another RIP off
I was posting about the great $5 mil sale.....Bayside Corp. (PK: BYSD) today announced that it has entered into a contractual agreement with Technis Energy, LTD. (GXG: TECN) to sell off one-hundred percent (100%) of the common stock of Bayside Petroleum Company, Inc. a wholly owned subsidiary corporation of Bayside Corp.
BIG DEAL
:
Exactly who is going to give you investors a "Divy". Technis Energy and Bayside whatever have no CASH!!