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This is not possible under current circumstances

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Post# of 39368
Posted On: 12/02/2014 7:11:13 PM
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Posted By: BULL2222
Re: Belize Oilwatch #30367
This is not possible under current circumstances where I tried my best to right.

Quote:
Officially Treaty paid Texas Sands $1.25 million for some assets which brought Chris Tedarski in as CEO.



The asset to be exchanged for the shares was never delivered in full....

Quote:
TSRs assets currently include ten (10) leases in the Texas 7B Oil District. These leases have a current, consistent and provable production of 25 BOPD (Barrels of Oil per Day) and currently hold 552 barrels of sellable oil in the tanks (est. $50,000). At current production levels, the Company anticipates that this acquisition will generate estimated revenues of $800,000 per year, with revenues expected to increase as the ten (10) leases are more fully developed. TSR also holds a number of additional lease opportunities that if completed, will be included in this purchase. The purchase price was $1,250,000.



There will be another evaluation as to the value of this said asset and the payment must be pro-rated. This is unaccepted behavior The blame lies in 2 places... andrew , no DD and Chris no public disclosure after the wells were not running.


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