NEW ORLEANS, July 5, 2012 /PRNewswire/ -- Treaty Energy Corporation (OTCQB: TECO) ( www.treatyenergy.com), a growth-oriented international energy company, today re-announced that it has re-entered, and re-drilled the San Juan #2 well in Belize to a depth of 1,440 ft. This well was originally drilled in January 2012. (This 're-announcement' is being made due to the minimal coverage of the first release this past Monday because of the July 4th Holiday.)
Max Mohamed, Treaty's Director of Operations in Belize, stated, "We are pleased to report the results of our efforts to re-drill the San Juan #2 well which we completed on Thursday of last week. Thanks to the affirmative results obtained we are now authorized to lower and cement casing."
Mr. Mohamed added, "The Belize Geology and Petroleum Department is fully informed of our progress on the San Juan #2 well and has authorized us to proceed with casing, cementing and cased hole wireline logging of this well. In addition, Treaty has permission to move the Schramm Rig to the next drilling location and to drill our second exploratory well in Belize."
About Treaty Energy CorporationTreaty, an international energy company, 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.Forward-Looking Statements: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. Contact:Osprey PartnersTel: 732-292-0982Fax: 732-528-9065 firstname.lastname@example.org SOURCE Treaty Energy Corporation
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV