Treaty Energy Corp. (fka TECO)

[tdbowieknife]

They also site Kelly Gordon Rogers, a pale and "business associate" of Blackburn as a example...

Oil and Gas investments are highly speculative and complex. It is difficult for a potential investor to investigate a promoter’s claims about how much oil or gas will be produced, the time it will take to start production, and how the investment is structured will affect revenue and potential profits. In addition, not all investors in oil and gas projects have the expertise to decipher geological maps, production reports, and filings with state energy regulators.

Investors should not rely solely on the promoter’s promises about any aspect of the investment. It’s also critical to know the background of the promoters – some may be inexperienced or have repeatedly failed in previous ventures, but not disclosed those facts to investors.

Even if the underlying project is legitimate, any revenue realized can be negated by commissions and other fees or expenses skimmed off by the managing partner, who typically sets the terms and timing of payments to investors. Interests in general partnerships or joint ventures are often non-transferable and illiquid.

State of Texas v. Kelly Gordon Rogers

http://www.ssb.state.tx.us/News/Press_Release/11-17-14_press.php

Rogers got 20 years...

http://www.ssb.state.tx.us/News/Press_Release/03-30-14_press.php


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Grey Market


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