They did it to appease investors.
16 Q And then the seventh paragraph starts: At
17 1235 feet hydrocarbons were detected in the form of a
18 gas register. Do you know what that refers to?
19 A It's hilarious. Anybody reading this thing
20 would realize that whoever wrote this doesn't know
21 what they're talking about, and so it's embarrassing.
22 Throughout the presence of Treaty down there, we had
23 to deal with this sort of frustration.
24 I think whoever wrote it, what they're
25 trying to say is that we had a gas increase in the
1 mudlog. I think that's what he was trying to say.
2 But the way he wrote it, it's not --
3 Q Was there a gas increase in the mudlog?
4 A Not really. We got a little bit, but it's
5 not -- it's not a kick. If we had -- I wish it would
6 show a kick.
7 Q Would look like the test?
8 A Yeah, yeah.
9 Q Do you know where the 1235 number came
10 from?
11 A I don't know. I don't know why he put that
12 there.
13 Q Did anyone discuss this language with you
14 or --
15 A No. This came out prior to me even being
16 in Belize City. By the time we left Independence and
17 got to Belize City, this is already, you know, noise.
18 Q Do you know what the motivation for Treaty
19 Energy was for releasing this press release?
20 A I can only speculate. I don't know for
21 sure.
22 Q What is your speculation?
23 A They did it to appease investors.
24 Q And then the next sentence reads: This
25 presence of C1 to C4 gas readings indicated a
1 geopressurized oil bearing zone, slash, gas driven.
2 A I don't know where they got that. I don't
3 know how they can -- the presence of C1 to C4, we
4 didn't take C1 to C4 readings. I had no
5 chromatograph.
6 I don't know where they got that. I mean,
7 any oil and gas person who's associated were this
8 would have been embarrassed, and I was certainly
9 embarrassed.
10 Q And the next sentence reads: As drilling
11 continued, the indicators suddenly increased from the
12 depth of 1235 feet with readings being taken at
13 one-foot intervals.
14 So I wanted to ask you, were the readings
15 actually being taken at one-foot intervals? They
16 were taken at ten-foot intervals, right?
17 A (Moves head up and down.)
18 Q And was there a study --
19 A Well -- okay. Normally if you find
20 something, then you start just looking at every few
21 feet. You're not really taking -- you're stilling
22 logging every ten-foot intervals, but you take them
23 more often at this point because you're trying to see
24 any show oil. This sample might not be on the next
25 one or it might be -- you know. So you're trying to
1 catch that oil, and so you take it every few feet.
2 Q Okay. Was it actually taken at one-foot
3 intervals?
4 A No, no, no, no. I wouldn't have time to do
5 that.
6 Q Okay. And does the mudlog show that the
7 indicators suddenly increased from the depth of 1235
8 feet?
9 A Well, it showed that it increased up there
10 right at the limestone.
11 Q Would you consider this a steady
12 increase --
13 A No.
14 Q -- from 1235 feet?
15 A Huh-uh. It just went up, and it stayed.
16 It stayed constant. It's not -- that's not what I
17 would like to see.
Q Did you have any conversations with Harden
22 about the need for a wireline log to get more
23 specific information before you found out about this
24 press release?
25 A No. One, I didn't know they were going to
1 do a press release. And, two, I did not know whether
2 I would have been involved with the project at that
3 point. I was just here for mudlogging. And as far
4 as I was concerned, my stint was up.
5 Q When Harden was sort of jumping for joy, we
6 struck oil --
7 A Right.
8 Q -- did you ever say, "Well, wait for the
9 wireline logging to be able to get so excited"?
10 A No, no, no, no. I was pretty much out of
11 there at that point. I was thinking I'm done. I'm
12 going home.
