This Day On The Street
Continue to site
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

Treaty Energy To Expand Belize Drilling Program

NEW ORLEANS, Jan 31, 2012 /PRNewswire/ -- Treaty Energy Corporation (OTCQB: TECO) (, a growth-oriented international energy company, in follow up to announcing its first successful oil well strike in Belize, today announced plans to add two new oil fields to its Belize drilling program.

Treaty Energy Corporation Chairman and Co-CEO, Andrew V. Reid, stated, "In our release of January 30th in which we announced our first oil strike in Belize we made reference to some 80 'anomalies' on the 200,000 'onshore' acres of land controlled by the Princess Concession.  Treaty Energy has so far identified three of these anomalies as areas of interest and will explore, analyze and drill following permission being granted by Belizean officials."

Mr. Reid added, "The first of these anomalies we refer to as the "Stann Creek Field", and of course we have already established this oil field as having recoverable oil reserves of approximately 5 to 6 million barrels in a prior release.  Areas two and three, yet to be named, are located within 20 miles of our current drilling location.  Both of these new areas are substantially larger in size and likely to prove superior to our current drilling site, the Stann Creek Field, which is approximately 350 acres."

"Treaty Energy's plan is to now initiate phase two of its drilling plan for Belize," added Mr. Reid.  He went on to say, "This plan calls for two (2) drilling rigs to be operative at all times.  One rig will implement drilling at designated locations on the site of SAN JUAN #2 where we have just discovered oil.  The second and third areas (oil fields) will have exploratory wells drilled after permit requests have been approved by government officials.  Areas two and three are removed from any environmentally sensitive areas." 

In closing, Mr. Reid stated, "I am extremely excited with how current events have unfolded at Treaty.  I firmly believe we are at the beginning of something more substantial than any of us could have ever imagined."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%
YHOO $27.97 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs