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May 17, 2011 /PRNewswire/ -- Treaty Energy Corporation (OTCQB: TECO), a growth-oriented energy company in the oil and gas industry, today announced the appointment of four Members to the Board of Directors of its newly formed Treaty Belize Energy Limited ("Treaty Belize").
The new Directors of Treaty Belize Energy Limited are:
Andrew V. Reid, CEO and Chairman. Mr. Reid also serves as Chairman and CEO of Treaty Energy.
Bruce Gwyn, Director. Mr. Gwyn also serves as a Director of Treaty Energy, and is the founding partner of Level III Trading Partners, LP.
Gregory C. Sampognaro, MD, Director. Dr. Sampognaro is a long time shareholder of Treaty Energy, and a highly credentialed medical doctor and the president of BASCO, LLC, a private investment firm.
Whit O. Cluff, Director. Mr. Cluff is a long time shareholder of Treaty Energy and a licensed Real Estate Broker in the
State of Utah.
Mr. Reid stated, "It is our plan for Treaty Belize, our operating company in
Belize, to have a five member board of directors. We are in discussions with the likely fifth director which will be announced upon his appointment."
Mr. Reid added, "We are making fine progress in
Belize and I am very please to have a board of this quality in place to guide the company to success in our
About Treaty Energy Corporation
Treaty is engaged in the acquisition, development and production of oil and natural gas. Treaty acquires and develops oil and gas leases which have "proven but undeveloped reserves" at the time of acquisition. These properties are not strategic to large exploration-oriented oil and gas companies. This strategy allows Treaty to develop and produce oil and natural gas with tremendously decreased risk, cost and time involved in traditional exploration. For more information go to:
Statements herein express management's beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, raising working capital and securing other financing; responding to competition and rapidly changing technology; and other risks. These risks are detailed in the Company's filings with the Securities and Exchange Commission, including Forms 10-KSB, 10-QSB and 8-K. Actual results may differ materially from such forward-looking statements.