Os it me or is it truely possible to be getting 28% from the mitchel with this? Trust management or trust 10k. Just lookin for an explanation of how treaty still receives 28%. If they say its deffered revenue, the Treaty pretty much can say they are getting it but it goes directly to the person owning the royalty. So treaty and us shareholders dont get anything until 200 bopd..... Lol. I hope im wrong. In addition to the royalty sale enumerated above, in 2011 we entered into an agreement with an investor to sell a 5% permanent royalty (included in the royalties enumerated above on a lease-by-lease basis) and a 15% temporary royalty to be paid until production reaches 200 barrels per day (not included in the above royalty sales discussions) for $600,000. The interests for both the 5% permanent and 15% temporary relate to all current and future Texas leases. The 15% will be paid until daily production exceeds 200 barrels per day at which time the temporary 15% interest reverts back to Treaty.