NEW ORLEANS, Aug 1, 2011 /PRNewswire/ -- Treaty Energy
Corporation (OTCQB: TECO), a growth-oriented energy company in the
oil and gas industry, today reported on activities of C&C
Petroleum Management LLC, the Company's Texas operations subsidiary, related to
increasing oil production from its Texas leases.
Stephen L. York, President and
COO of Treaty Energy Corporation, stated, "I recently made
arrangements to contract three work-over rigs to commence work
beginning this past Saturday, July
30th on our Texas leases.
We will work-over 14 wells in the next two weeks."
Mr. York added, "I've also purchased pump parts, barrels, seals,
cups and other items to allow us to rebuild pumps on our
Texas properties. Purchased
items include drifted and tested tubing to replace defective joints
that are found."
C& C Petroleum has also contracted an electrician to revamp
circuit boxes on the McComas Lease to handle additional electrical
supply needs on this lease and has requested bids on water storage
tanks for the Company's Willingham
Lease.
Mr. York commented, "These rework activities are expected to
increase our oil production by 300-420 barrels per month over the
next two weeks, to about 1500 to 2000 barrels per month.
While our stated goal is to bring our Texas oil production to 30,000 barrels of oil
per month as soon as practical, the economical steps being taken at
this time are crucial to us meeting our long term goals in
Texas."
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:
www.treatyenergy.com
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 Partners
Tel: 732-292-0982
Fax: 732-528-9065
investors@treatyenergy.com
SOURCE Treaty Energy Corporation