This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Treaty Energy Advances On Belize Project

Stocks in this article: TECO

NEW ORLEANS, Aug 30, 2011 /PRNewswire/ -- Treaty Energy Corporation (OTCQB: TECO), a growth-oriented energy company in the oil and gas industry, today reported on its continued progress on the Belize project.

Treaty Energy is pleased to provide the following updates on projects that the Company is working on in Belize.

1) The surface lease agreement has been signed in partnership with one of the largest landowners in Belize, which covers a significant percentage of the 200,000 acre land portion of the concession.

2) The environmental approval for drilling of the two initial wells has been signed by Mr. Martin Alegria, Director of the Belize Ministry of the Environment and on file.

3) The passage way through a stream/ditch has been completed and pictures have been posted to Treaty Energy's Website, Twitter and Facebook sites. Continue to look for company updates, news and pictures on these sites

4) A roadway has been cut and cleared to the first drilling site and the well pad prepared.  

5) All equipment cleared customs after approximately three weeks of paperwork and relocated to a secure site until our permanent 10 acre compound is ready to accept the equipment and become our established staging location near the Town of Independence.  This Compound will include staff lodging; in addition, all buildings are being constructed by local craftsman at a very reasonable rate.

6) Mr. Keon Garbutt, a Belizean citizen, has been hired as Project Manager of the drilling operations in Belize for Treaty Belize Energy, Ltd.

7) Brian Luczywo has been promoted to Treaty Belize Energy Vice President of Operations.  

The following is an update from Mr. Luczywo as of August 24th.

The Treaty Belize Energy office in Placencia is up and operating.  In addition; our recently hired personnel and support staff are doing an excellent job.  We have been busy getting our office functional.  The following work has been completed:

  • Selected an office location key to the planning, implementation and coordination of the details of our day to day operations in Placencia
  • General maintenance repairs and upgrades to facility. Furniture and accessories delivered and suitable for office personnel
  • Central Air Conditioning installed in office and conference room.  Internet, local phone, fax, US phone all installed and operational
  • Regular expense reports, accounting, banking, and communications back to the United States has been established
  • All project expenses brought under administration by the Belize office

Excitement is building in the area and Treaty Belize Energy is experiencing an influx of job applicants.  We are currently building a database of names from which we will examine and determine the best qualified persons to ask and join the Treaty Belize Workforce

1 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs