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Replies to post #87986 on Treaty Energy Corp. (fka TECO)
04/13/15 4:09 PM
04/13/15 4:20 PM
At the outset of the relationship with TREATY, TEXAS SANDS made it clear that capital was required to ensure viability of its production. TEXAS SANDS has covered the cost of getting its production on-stream and stabilized. We are confident that we should be in full operational production by October and that shareholders will begin to see the levels of production on or near those reported previously. This will also serve the company well in its plan to stabilize operations with consistent, predictable monthly revenue. (turned out to all be complete Bullshit!)
As to the outstanding issues with the TRRC...
There seems to have been some confusion as to the “legitimacy” of TEXAS SANDS RESOURCES LLC as a corporation due to franchise tax filings not being completed. This was an administrative oversight and has been resolved. (this was NEVER resolved... FRANCHISE TAX INVOLUNTARILY ENDED Link here: All of the assets formerly operated by C&C Petroleum Management LLC are currently in the process of being cleaned up by TEXAS SANDS. (more lies! Nothing was "cleaned up", in fact Tesarski REFUSED to comply with the order to plug the 3 wells on the Barnes lease) This is unfortunately an onerous and time consuming process as it is no secret to shareholders that there are significant outstanding issues with the TRRC. However, please be assured that we are working with TRRC and individuals in Abilene, TX with extensive TRRC background and experience to go through the issues and resolve them one at a time. Communication with TRRC is frequent and has been fruitful (LMAO!). We are confident that ALL outstanding TRRC issues can and will be resolved in time. To this end the McComas lease has been fully plugged and remediated. This lease is now no longer an obligation of TREATY and its shareholders. (This is another BIG FAT lie... The State of Texas plugged all the McComas wells because Chris Tesarski REFUSED to comply with the TRRC master default order to do so... The State of Texas will take Treaty to court for reimbursement payment of all the fines that are STILL outstanding to this day as well as for court costs.)
As promised, as of August 27, 2014, the company has officially engaged auditors to begin to undertake the process of bringing the company into regulatory compliance.
"I am relieved that we have been able to now fully engage in the process of getting our company into compliance," said Mr. Tesarski. "It has been my number one priority. I have promised this to shareholders and they deserve nothing less than a 100% commitment to compliance."
