NEW ORLEANS, Nov 27, 2012 /PRNewswire/ -- Treaty Energy
Corporation (OTCQB: TECO) (www.treatyenergy.com), a
growth-oriented international energy company, announced today that
it has completed the McComas –A- 20 Well. The well was
drilled to a total depth of 1,900 ft on the McComas -A- Lease in
Taylor County, Texas. Initial
production came in at 18 BOPD.
Treaty is continuing to test and monitor this well and expects
some improvement over the next several days. Treaty is
currently in the process of filing for two additional drilling
permits on the McComas -A- lease and will move ahead on this
project immediately after approved.
12 Well Drilling Program
Treaty's 12 well shallow drilling program is on schedule to
begin the week of December 3rd with
the first two permitted wells. Drilling and completion is
projected to take 7-10 days from the Spuding of the first well.
Once completed, we will begin the process of permitting the
remaining 10 well in this project.
Bruce Gwyn, Co-CEO of Treaty
Energy Corporation, stated, "We are very pleased to report the
progress being made on these two fronts. With the first new
well of a 21 well program completed, the first 2 shallow wells
scheduled to be completed in December, and production continuing to
improve from workovers, we are confident of meeting our goals
moving forward".
Treaty is in the process of updating its web site to include a
page for project updates. Once we have the page functioning
we will be posting timely updates on drilling and production
numbers on a monthly basis at a minimum. Copies of the
updates will also be distributed to investors through the Treaty
email system. Investors should be sure to sign up through the
website to receive these updates.
About Treaty Energy Corporation
Treaty, 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.
Treaty Energy Corporation (TECO) trades on the OTCQB, the
marketplace for companies that are current in their SEC reporting
requirements. Investors can find Real-Time quotes and market
information for Treaty Energy at
http://www.otcmarkets.com/stock/TECO/quote
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:
Treaty Energy Corporation
Lee Schlesinger
Tel: 504-754-6926
Fax: 504-324-0844
SOURCE Treaty Energy Corporation