Treaty Energy Corp. (fka TECO)

[Belize Oilwatch]

Treaty Energy Corp (TECO) holdings in Belize are through Treaty Belize Energy Ltd.

The Option Agreement with Princess Petroleum (April 20th 2010) requires TECO to fund the first 5 wells 100% in exchange for this they get a 50% interest in areas of the Princess concession that they have explored. [This agreement used to be available from Projects page on TECO website - but I can't seem to access it any more]

TECO formed Treaty Belize Energy (TBE) on May 29th 2011. TECO Holding 80%. TBE was incorporated in Belize on May 29th 2011. [See link. http://www.treatyenergy.com/files/Articles.pdf]

TECO sold 4% in TBE to All Energy Corp (AFSE) on September 12th 2013. An additional 6% option for AFSE had to be called in 180 days - as far as I am aware it wasn't.

TECO end September 2012 10-Q indicates that TECO holding in TBE was 76% - in line with the above two items.

THIS HOLDING WOULD GIVE TECO 38% OF REVENUES FROM ANY OIL PRODUCTION IN BELIZE.

In addition to the above, TECO sold a 50% interest in the revenues of the first two wells to an investor for cash on September 2nd 2011.

THIS WOULD HAVE GIVEN TECO 19% OF REVENUES FROM ANY OIL PRODUCTION FROM THE FIRST TWO WELLS IN BELIZE.

I am unaware of further dilutions or sales of rights concerning the San Juan #3 and #4 or other TECO activities in Belize, pending TECO issue of 10-Q for last quarter 2012 and 10-K for 2012.