Quote from Chris Tesarski, Executive Chairman of the Board for Treaty Energy:
"The production reporting for these properties got lost in the transition from DJ&T and Premier royalties filing/not filing and the change over to the bond with TEXAS SANDS RESOURCES, I got the 30 day notice, blah blah blah. I have my user name and password today from the RRC... hopefully I am told it should be a 24 hour thing and I will go online and amend the reporting. I have absolutely no idea, well actually I do, as to why the Thomason/Callaway is such a dog's breakfast of lease numbers. Predecessors wished to ensure that "investors" got "their share", and didn't share in someone else's. I intend to do a single filing for both leases and have ONE THOMASON RANCH LEASE and ONE CALLAWAY RANCH LEASE.
As for the Evans, we have spent well over half a million dollars on that lease preparing it for a waterflood and developing new technology, the water systems being one of those. All of the wells were FINALLY up and running, my roustabout had laid down cattle guards and was coming back to build them and lo and behold a cow knocked the electrical box loose and burned out a motor. This is the joys of the industry. You are correct there has not been evidence of consistent production there, we have resolved that and shareholders should be able to see consistent production there starting in June. One thing that we do bring to the TECO equation though... monthly oil cheques. Two more loads were just called in yesterday, one from Evans and one from Thomason."
