There is a few irons in the fire already.... Real
Post# of 39368
Posted On: 12/28/2014 12:38:35 AM
There is a few irons in the fire already.... Real Production = Real Revenue
We need the filings in order to bring anything into the company. Without getting revenue going, it's just a shell with some assets and a ton of debt.
The debt, I can deal with. The TRRC and ongoing expenses will have to be cash. But, I'd go back on the sales of all leases. The sales look fraudulent to me. Nobody buys leases to plug, a liability. We going to have to see who sold them and open litigation.
We need the filings in order to bring anything into the company. Without getting revenue going, it's just a shell with some assets and a ton of debt.
The debt, I can deal with. The TRRC and ongoing expenses will have to be cash. But, I'd go back on the sales of all leases. The sales look fraudulent to me. Nobody buys leases to plug, a liability. We going to have to see who sold them and open litigation.
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As for revenue... Revenue from what?? Texas Sands and Treaty Energy still have a whole boatload of TRRC issues, one being the P-5 very near extinction... Treaty can't even operate what little it has left. Treaty will also very likely be sued by the State of Texas for the 8 McComas well plugging's and very likely the 3 wells on the Barnes lease as well. That alone will cost 100's of thousands of dollars.
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