VENDETTA ROYALTY PARTNERS, LTD RECEIVERSHIP
Notice Regarding Sale of Oil and Gas Interests of Receivership Estate
On May 27, 2014 the Court entered an Order authorizing the sale of the oil and gas interests of the Receivership Estate (Dkt. 77). These interests consist of approximately 9,000 producing properties and approximately 1,200 potential upside properties arising from mineral leases in numerous Texas counties and in approximately 16 other states.
The sales of the oil and gas interests of the Receivership Estate will be carried out through sealed bid auctions on EnergyNet.com. Due Diligence information will be available from EnergyNet.com on a “per auction” basis as properties are activated for review and sale on the EnergyNet.com website portal.
On December 3, 2013 , the United States District Court for the Western District of Texas, Austin Division, entered an Order appointing a Receiver for all the assets and records (the “Receivership Estate”) of Securities and Exchange Commission v. Robert A. Helms, Janniece S. Kaelin, Deven Sellers, Roland Barrera, Vendetta Royalty Partners, LTD, Vendetta Royalty Management, LLC, Vesta Royalty Partners, LP, Vesta Royalty Management, LLC, Iron Rock Royalty Partners, LP, Iron Rock Royalty Management, LLC, Arcady Resources LLC, Barefoot Minerals, G.P., G3 Minerals, LLC, Haley Oil Company, Inc., Lake Rock, LLC, Sebud Minerals, LLC, and Technicolor Minerals, G.P., ("Defendants") and William L. Barlow, and Global Capital Ventures, LLC , ("Relief Defendants") and all entities they own or control. The Order Appointing Receiver ("Receivership Order"), directs the Receiver, among other things, to take control and possession of, to operate the Receivership Estate, and to perform all acts necessary to conserve, hold, manage and preserve the value of the Receivership Estate. The Receivership Order also restrains and enjoins, without prior approval of the Court, creditors and all other persons from proceeding against the Receiver, any of the defendants, the Receivership Estate, or any agent, officer or employee related to the Receivership Estate from any of the following:
Temporary Restraining Order Entered
On December 3, 2013, the Court also entered an Ex Parte Order Granting Temporary Restraining Order and Other Emergency Relief, and Setting Hearing Date of Plaintiff’s Preliminary-
The Order temporarily enjoins Defendants from violation of securities laws, making payments, incurring additional liabilities, or disposing of any assets. The Order temporarily restrains all financial institutions notified of the Order from completing any transaction or disbursing any funds except in accordance with the Order Appointing Receiver. Defendants are restrained from destroying, altering or concealing the books and records owned by Defendants or related to the transactions alleged in the Complaint. The District Court set a date for hearing on the Commission’s Motion which will take place at 2:00 p.m. on December 13, 2013 in Courtroom 7 of the U.S. District Courthouse in Austin, Texas.
UPDATE: The hearing has been canceled due to the Agreed Preliminary Injunction.
Additional information will be posted on this website as available. Updates from the Receiver can be found under the "Court Filings" or "Statements" tab above.
|Court Filings - SEC v. Helms|
|Court Filings - Taylor v. Randle|
|Court Filings - Taylor v. Samouce|
|Court Filings - Taylor v. Vaughn|
|Court Filings - Taylor v. AQS, et al.|
|Court Filings - Taylor v. Gaucher|