Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. Treaty Energy Corporation (TECO) Message Board

Treaty Energy Corporation Newsletter for February

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 39368
Posted On: 02/14/2014 2:22:06 PM
Avatar
Posted By: Dead Cat Bouncer

Treaty Energy Corporation Newsletter for February 14, 2014


This newsletter is a special release for February 14, 2014 that contains information regarding the Stockton lease and C&C Petroleum Management. This information is being released due to recent increased investor concern.  Information contained in this newsletter may be outdated at the time of release. Prior issues of the newsletter may be found on the Company’s website located at http://www.treatyenergy.com/investors/news .

C&C Petroleum Management and RRC Issues:
Over the last 48 hours, several questions regarding C&C Petroleum Managements operations have been raised. These questions have led to increased investor concern. On February 13, 2014, the Railroad Commission of Texas held a hearing to determine the validity of a “Good Faith Claim” on the McComas -A- lease near Abilene, Texas. A representative and attorney for Treaty Energy Corporation/C&C Petroleum Management attended the hearing.

Over the last several months, C&C Petroleum Management has been receiving numerous fines and plugging notices on leases whose ownership interest was transferred to Heritage Oil and Gas. However, Heritage Oil and Gas failed to transfer its P-5 Operator status onto three leases, leaving C&C Petroleum with the liabilities on the lease. To complicate matters further, Heritage Oil and Gas took out a leveraged lien on these leases as collateral leading to a very complicated ownership question that required the Railroad Commission to answer.

On Thursday morning, the Railroad Commission and the landowner confirmed that the ownership interest that Heritage Oil and Gas owned on the lease was no longer valid and third party questions regarding legal ownership were answered. Treaty Energy Corporation has entered into an agreement with the landowner to plug the wells within 120 days. In addition, the Company worked out a deal with a plugging operator to begin the operation as soon as possible.  These plugging arrangements are also tied to the P.H. Barnes lease as well, which has turned into a very positive outcome for the Company. This action will officially resolve all legal problems with C&C Petroleum and the Railroad Commission of Texas once the leases are plugged.

In the process of clarifying the leases ownership interest, there were some necessary regulatory sanctions placed on the Company. These sanctions, such as the”639 operating suspension” were all expected and were unfortunately necessary in order to resolve these ownership issues. Once the P.H. Barnes lease and McComas leases are fully plugged, C&C Petroleum Management and Treaty Energy Corporation will be in full compliance of all regulatory statutes and any and all liabilities or operational issues will have been resolved. Treaty Energy has been working on this issue with legal counsel for the last three to four months and is relieved to have it confirmed by the Railroad Commission of Texas.

These issues have little to no impact on current operations in Texas. As explained several times before to investors, C&C Petroleum Management’s compliance issues do not hinder operations because of the new operating structure that Treaty Energy Corporation initiated last year which does not rely upon C&C Petroleum’s operator status.

Stockton Lease (C&C Petroleum Management):
The Stockton lease has had two major developments. For the last two months, the Company has been evaluating whether to put the Stockton #1 into full production or to re-utilize it as an injection well to boost production on the other Stockton leases. After several work overs, the production on the Stockton #1 is of a sufficient cut and quality to put the well into full production. Please see the image below to see a cut pulled off the Stockton #1 on the morning of February 14, 2014: 



There is also an additional video showing the cut by clicking here .


The second major update is pertaining to the Stockton #2. Last week, crews determined that the Stockton #2 would require a completely new pump jack to maintain production. The Company plans to also acidize and frack the wells at a later date.

Contact
Treaty Energy Corporation
Investor Relations
investors@treatyenergy.com
Tel: 504-301-4475
Fax: 504-324-0844

Company Links
Website: http://www.treatyenergy.com
Facebook: https://www.facebook.com/TreatyEnergyCorp
Twitter: https://twitter.com/TreatyEnergyCo

About Treaty Energy Corporation


(0)
(0)




Treaty Energy Corporation (TECO) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  






Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us