Been told to relay this message to everyone on here:
1. Treaty Energy currently maintains a 100% working interest on the Stockton #1 and Stockton #3.
2. Treaty Energy currently holds ~70% of the working interest on the Stockton #2.
3. There is typically a ~20%-30% ORRI on wells in Texas (varies per lease). This is associated with mineral rights and operating rights.
4. TECO does not hold hold any ownership interest on the Mitchell #3 & #4, but still holds a working interest on the Mitchell #1. TECO currently owns a ~50% Working Interest on this well.
5. TECO still holds a valid drilling permit and drilling rights on the Kubacak lease, despite the emails we have received on this matter. TECO still intends to move forward with its drilling plans. Once drilled and completed, TECO will hold a 100% working interest on this lease, assuming no partners or financing ownership rights are established before or during the project's completion.
I hope that clarifies and puts to rest 95% of the questions regarding TECO's ownership on these leases as there is a lot of speculation on the matter.
Please don't send private messages to this account as they will go unanswered. Please email us at investors@treatyenergy.com or call us at 504-301-4475. We are unable to forward communications from the mailbox on this site or ensure a secure communication line, which hinders our ability to assist you.
General legal disclaimer required on all communications:
Treaty Energy Corporation may or may not sell additional interest on wells and reserves the rights to do so. The percentage of ownership may change overtime and may not reflect future ownership interests. These figures are estimations and not exact figures. They are not guarantees or explicit statements of actual figures. These current ownership interests are considered unaudited and are to be used for informational purposes only.
Communications from this person ('TECO-IR'
may contain forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 (the "Securities Act" and the Securities Exchange Act of 1934 (the "Exchange Act". All statements other than statements of historical facts included in this report regarding our financial position, business strategy, plans and objectives of management for future operations, industry conditions, and indebtedness covenant compliance are forward-looking statements. When used in this report, forward-looking statements are generally accompanied by terms or phrases such as "estimate," "project," "predict," "believe," "expect," "anticipate," "target," "plan," "intend," "seek," "goal," "will," "should," "may" or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about, actual or potential future sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond our Company's control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following: oil and gas prices, general economic or industry conditions, nationally and/or in the communities in which our Company conducts business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, our ability to raise capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, and other economic, competitive, governmental, regulatory and technical factors affecting our Company's operations, products, services and prices.
1. Treaty Energy currently maintains a 100% working interest on the Stockton #1 and Stockton #3.
2. Treaty Energy currently holds ~70% of the working interest on the Stockton #2.
3. There is typically a ~20%-30% ORRI on wells in Texas (varies per lease). This is associated with mineral rights and operating rights.
4. TECO does not hold hold any ownership interest on the Mitchell #3 & #4, but still holds a working interest on the Mitchell #1. TECO currently owns a ~50% Working Interest on this well.
5. TECO still holds a valid drilling permit and drilling rights on the Kubacak lease, despite the emails we have received on this matter. TECO still intends to move forward with its drilling plans. Once drilled and completed, TECO will hold a 100% working interest on this lease, assuming no partners or financing ownership rights are established before or during the project's completion.
I hope that clarifies and puts to rest 95% of the questions regarding TECO's ownership on these leases as there is a lot of speculation on the matter.
Please don't send private messages to this account as they will go unanswered. Please email us at investors@treatyenergy.com or call us at 504-301-4475. We are unable to forward communications from the mailbox on this site or ensure a secure communication line, which hinders our ability to assist you.
General legal disclaimer required on all communications:
Treaty Energy Corporation may or may not sell additional interest on wells and reserves the rights to do so. The percentage of ownership may change overtime and may not reflect future ownership interests. These figures are estimations and not exact figures. They are not guarantees or explicit statements of actual figures. These current ownership interests are considered unaudited and are to be used for informational purposes only.
Communications from this person ('TECO-IR'
may contain forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 (the "Securities Act" and the Securities Exchange Act of 1934 (the "Exchange Act". All statements other than statements of historical facts included in this report regarding our financial position, business strategy, plans and objectives of management for future operations, industry conditions, and indebtedness covenant compliance are forward-looking statements. When used in this report, forward-looking statements are generally accompanied by terms or phrases such as "estimate," "project," "predict," "believe," "expect," "anticipate," "target," "plan," "intend," "seek," "goal," "will," "should," "may" or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about, actual or potential future sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond our Company's control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following: oil and gas prices, general economic or industry conditions, nationally and/or in the communities in which our Company conducts business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, our ability to raise capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, and other economic, competitive, governmental, regulatory and technical factors affecting our Company's operations, products, services and prices.
