TECO's 8K details.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 6, 2012
TREATY ENERGY CORPORATION
(Exact name of Registrant as specified in its charter)
Nevada
000-28015
86-0884116
(State or other jurisdiction
of incorporation or organization)
Commission File Number
(I.R.S. Employer Identification No.)
201 St. Charles Ave., Suite 2558
New Orleans, LA
70170
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code: (504) 599-5684
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On March 6, 2012, Treaty Energy Corporation (“Treaty” or the “Company”) entered into a Management and Geological Consulting Agreement with RedRock Exploration, Inc. (“RedRock”). RedRock has agreed to work with the Company to develop its Belize Exploration Project. Treaty has engaged RedRock to provide management, geological, mud-logging, and post-drilling support services to the Company. The Company has agreed to pay RedRock a monthly consulting fee of $12,000 plus reimbursement for expenses.
ITEM 9.01 EXHIBITS
Exhibit No.
Title
10.1
Management and Geological Consulting Agreement
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
TREATY ENERGY CORPORATION
Date: March 8, 2012
By:
/s/ Michael A. Mulshine
Michael A. Mulshine
Assistant Secretary
3
Exhibit 10.1
BELIZE
MANAGEMENT and
GEOLOGICAL CONSULTING
AGREEMENT
Prepared for:
27 February 2012
RedRock Exploration. Inc
9720 Coit Road
Suite 220-226
Plano, Texas 75025
214 500 9883 Tel.
972 636 5924 Fax.
27 February 2012
Andrew Reid
Chairman/ CEO
Treaty Energy Corporation
201 St. Charles Ave., Suite 2558
New Orleans, LA 70170
Andrew,
Per our discussions, RedRock Exploration is pleased to provide this letter detailing our suggested plan for assisting Treaty Energy Corporation in the Belize Exploration Project.
This document is intended to outline our approach and outputs as well as the proposed time schedule and cost.
OUR UNDERSTANDING AND PROPOSED APPROACH
Treaty Energy Corporation has recently kicked off a project to explore for hydrocarbon in the country of Belize. In an effort to augment its technical competencies in Belize, Treaty Energy Corporation wishes to engage the services of an experienced Management and Geological Consulting service provider to work with its local team to provide the following:
•
Management: Manage the relationship, and provide liaison between Treaty Energy and the Belize Department of Petroleum. This includes ownership and responsibility for ensuring all drilling, completion and other geological reports are submitted in an accurate and timely manner.
•
Geological Services: Provide technical advice and guidance during all phases of the exploration effort. This includes staking locations, preparing drilling prognoses, and performing mud-logging services. Prepare and maintain maps and sections of all wells, and other available geological information.
•
Mud-logging: RedRock Exploration will retain the services of Advanced Geological Services to perform all mud-logging services. All supplies used in the mud-logging services shall be provided by Advanced Geological Services. Copies of mud-logs and daily drilling reports shall be presented to Treaty Energy and the Belize Department of Petroleum
•
Post-Drilling Support: Provide guidance and assistance during all open-hole and cased hole logging efforts. Evaluate the electric logs and provide guidance and support during stimulation and completion phases.
•
Production Support: Provide assistance in pump and rod designs.
Belize Management and Geological Consulting Agreement 2 6 March 2012
ARRANGEMENTS
The engagement would be overseen by Max Mohamed. Max is a Principal with RedRock Exploration, and will oversee project structuring, liaison with senior Treaty Energy Corporation executives, conduct the assessment and complete the proposed work and deliverables.
To support Treaty Energy Corporation in this initiative, our estimated time and consulting rates are:
Rates Rate
Flat Monthly Rate
$12,000
Total one-year estimate
$144,000
This estimate does not include travel and out-of-pocket expenses which will be billed at actual expense incurred. We will bill Treaty Energy Corporation net 30 at the end of each calendar month that work is performed. Airline tickets and accommodation in Belize shall be provided by Treaty Energy Corporation. Payments are due in advance on the first day of each month.
TIMING
The project work will commence on or about March 1, 2012 and will extend for a period of twelve (12) months, expiring on February 28, 2013.
CONCLUSION
RedRock's experience and technical competence will enhance the relationship and trust between the Government of Belize and Treaty Energy Corporation by helping to ensure project deliverables remain on target.
We are excited about the opportunity of working with you and continuing to build a relationship with Treaty Energy Corporation. If you have any questions, please contact me.
Belize Management and Geological Consulting Agreement 3 6 March 2012
: 3/06/2012
MAX MOHAMED, PRESIDENT Andrew Reid, CEO/Chairman
RedRock Exploration, Inc. Treaty Energy Corporation
Belize Management and Geological Consulting Agreement 4 6 March 2012
