Treaty Energy Corp. (fka TECO)

[Allisone]

AFSE (Treaty's Belizean funder) concludes "There is no assurance that this ( Belize ) well will produce oil and/or gas"

On September 12, 2011, we ( ASFE ) entered into a Share Purchase Agreement with Treaty Energy Corporation. Under this agreement, (A) we ( AFSE ) purchased 400 Class A Voting shares of Treaty Belize Energy, LTD ("TBE"), which shares represent 4% of such class of shares; (B) we paid $100,000 in cash for such shares; and (C) we have anti-dilution protection. We also hold an option to purchase additional shares up to10% of TBE, at a total cost of approximately $500,000. In addition, we hold an option to purchase up to 15% ownership of Paradise Energy, LTD for up to one Year at a cost of $360,000, $25,000 of which has been paid by us as a deposit.

In January 2012, Treaty Belize Energy (TBE) reported that it had drilled its initial well near Independence Village, Belize, located adjacent to the Port of Big Creek in the Stann Creek District, and that oil in commercial quantities had been detected. The defined producing zone is between 1,235 and 1,290 feet. The level of initial production from this well is expected to be approximately 60 barrels per day. There is no assurance that this well will produce oil and/or gas in such quantities as would benefit our company. That is, production from this well may never result in cash distributions to us. A second, deeper well on the lease owned by TBE is planned for an as-yet determined date. There is no assurance that the second well will produce oil and/or gas.

We do not currently possess sufficient capital with which to make the further investments described above and there is no assurance that we will be able to obtain such needed capital.

Hmmmm.....Did TECO loose it's prior Belizean funder? Higher Risk? Lower reward? Did TECO do a PR of this partnership when this partnership was formed on September 12?

I assume AFSE had two days of excitement after the 6 Mill Barrel PR farce that was soon followed by a lifelong of hard sobriety.

Has anyone noticed TECO hasn't been running the printing press 24/7 like their infamous past? Why the sudden secrecy? Calm before a storm?.....Who else is gonna get caught in this storm of upcoming sobriety? Go TECO!







http://biz.yahoo.com/e/120221/afse.ob8-k.html