Petroteq is a scam.

Many companies have come and gone in the continuous pursuit of tar sands and oil shale “billions” in the remote Tavaputs Plateau of Eastern Utah. Much of this land is part of the Uncompahgre Reservation. SITLA is controlling and leasing this land on behalf of the beneficiaries who are Utah School Children.

 

The people who really benefit are SITLA board members and the companies they run.  The Governor Dirty Herbert (who appoints the board and the director of SITLA) and his friends also benefit. Many of the Utah State legislators and their friends benefit.  Local politicians benefit in Vernal and Uintah county. The list is long.

So much money has been invested in foolish and wasteful efforts to turn rocks into oil. Certain people have made a lot of money from this fraud. Most folks have lost and local communities have suffered bust and boom cycles in addition to corrupt politics, pollution and failed strip mines.

Meet MCW now Petroteq chairman in the middle of this photo. Val Hale with the Utah department of energy development is shown with Utah senator Kevin Van Tassell. Shortly after this ribbon cutting MCW was shown to be tresspassing on SITLA land after failing to make the lease payments to the trust.

Utah senator Kevin Van Tassell is currently proposing legislation to funnel CIB money over to his really good friend Mike Mckee.

MCW energy recently changed names to Petroteq  They have a lot to hide. See the complaint I made in 2016.

MCW trespass settlement

Lease termination

page 23 of 33

MCW Oil Sands Recovery, LLC
18653 Ventura Blvd., Suite 158
Tarzana, CA 91356
LEGAL DESCRIPTION:
Township 4 South, Range 20 East, SLB&M
Section 24: SW¼NE¼ (within)
Beginning at a point on the West line of the SW¼NE¼ of Section 24, T4S, R20E, S.L.B.&M. which bears
S00°03’30″W 2188.08′ from the North ¼ Corner of said section, thence N80°35’23″E 106.99′; thence N88°14’24″E
76.21′; thence N56°09’04″E 111.45′; thence N86°57’01″E 170.56′; thence S29°35’37″E 178.54′; thence
N70°59’42″E 112.54′; thence S70°12’47″E 51.67′; thence S34°34’27″E 50.92′; thence S17°52’02″W 43.46′; thence
S65°08’33″W 148.83′; thence S21°42’48″E 29.29′; thence S63°06’47″W 303.14′; thence N75°54’48″W 196.38′;
thence N62°12’16″W 134.03′ to the said west line of the SW¼NE¼; thence N00°03’30″E 244.96′ to the point of
beginning. Basis of bearings is the North-South ¼ section line of the said section which is assumed to bear
S00°03’30″W. Contains 4.79 acres.
The lease administrator has had this legal description reviewed by the GIS Group.
COUNTY: Uintah ACRES: 4.79 FUND: School

SPECIAL USE LEASE NO. 1838 (TERMINATION) (COTNINUED)
The Director has issued a Final Agency Action terminating Special Use Lease No. 1838 effective October 3, 2016. The
lessee is MCW Oil Sands Recovery, LLC (“MCW”). The SULA 1838 was issued effective July 1, 2016, for the purpose
of constructing, operating, and maintaining an oil sands processing facility.
Paragraph 10.4(a) of the lease required that MCW provide the Agency with a good and sufficient bond or other
acceptable financial guarantee to guarantee MCW’s performance of all covenants and obligations under SULA 1838, in the
amount of $200,000, to be filed with the Agency within 30 days of the commencement date of the lease. The deadline for
submission of the required bond was July 30, 2016. The required bond was not received by SITLA by the July 30, 2016
deadline.
Pursuant to Paragraph 11.1(a) of the lease, on August 18, 2016, the Agency sent a certified notice of default to MCW,
notifying MCW that they were in default of the terms and conditions of the lease regarding the bonding requirement set
forth in Paragraph 10.4(a) of the lease. The notice of default further notified MCW that they had 30 days from the date of
the notice to cure the default, and that if the default was not cured timely, the Agency would terminate the lease and exercise
its rights and remedies pursuant to SULA 1838. The deadline for MCW to cure the default was September 17, 2016.
MCW has failed to cure the aforementioned default prior to the September 17, 2016 deadline. Therefore, pursuant to
Paragraph 10.4(b) and Paragraph 11.2 of the lease, the Agency has terminated SULA 1838, effective October 3, 2016.
A certified notice of the final Agency action has been sent to MCW. If MCW wishes to appeal the action, they must
file a written petition within 14 days of the mailing date of the action, requesting that the Board of Trustees conduct an
adjudicative proceeding to review the Agency’s action. The written petition must be filed with the office of the Director
and contain the information set forth in Utah Admin. Code R850-8-1000. In the event that an appeal is not filed in the
applicable time period, the decision will become final and unappealable.
This item was submitted by Mr. Chris Fausett for record-keeping purposes.

 

2 thoughts on “Petroteq is a scam.

  1. I personally know Mike McKee and would be very interested in discussing this with him, but I’m regrettably not particularly knowledgeable about this issue.
    Can you point me towards any resources with further information?

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