Replies to post #80247 on Treaty Energy Corp. (fka TECO)

[mackfish]

We are talking FAT CATS here. This new litter has the same spots.

[tdbowieknife]

Some facts...

For Treaty to bring C&C Petroleum back into compliance like Treaty has promised they would a dozen times over the last 2 years, they need to...

Reimburse the State of Texas for plugging the 8 wells on the McComas lease. That's estimated by the State at $94,062.00 and could be more if they ran onto problems.

Plug the remaining wells on the Barnes lease that includes the mine well and estimated at $60,000.00 plus the $70,000 in damages and mess left to the surface when Treaty abandoned the lease. Treaty has run out of time to do this... The State of Texas is scheduled to plug them next month. Guess Treaty will need to reimburse the State for these too...

Pay lease fee's of $21,000.00.

Pay the Master Default Order fines of $26,000.00.

Bring into compliance or plug 8 other wells on the leases under C&C for a estimate of $45,000.00

Treaty must also deal with the current 25 Severance issues with the 6 leases under C&C Petroleum... That's 25 Severance issues.

Treaty has done virtually NOTHING to bring C&C Petroleum back into compliance. Treaty has been LYING to investors for years concerning the issues with the TRRC and Lying to the TRRC and they are not amused.


These total $316,062.00

Time estimate... Forever.

The State of Texas will be coming for Treaty Energy soon...

These are all FACTS...That can be found on the TRRC website and that I have post links to and screenshots of many, many times...





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[hoppi]

Predicting the future is easy when you are dealing with a Pathetic Company like Treaty!