Rampant Leon a private company owned by Andrew Reid sold the East Texas lease including Madeley & Chumley to TECO. Andrew Reid is CEO of TECO. The deal appears to have been engineered by Reid for Reid. A private company sells to a public company that has the same controling officer. The deal appears to be an extreme profit for Mr. Reid's private company. If this is true geopressure, TECO may never recover. If this is true we have not heard the last of it.
This could be a problem, we will need to see an 8k on this to confirm anything improper is occurring. So far we do not even know for sure if the deal ever happened