Treaty Energy Corporation to Drill on the McComas -A- Lease
NEW ORLEANS, June 21, 2012 /PRNewswire/ — Treaty Energy Corporation (OTCQB: TECO) (www.treatyenergy.com), a growth-oriented international energy company, announced today that it has received final approval from the Railroad Commission of Texas (RRC) of its drilling permit filed on June 8, 2012. The proposed new well will be drilled to a total depth of 1,900 ft on the McComas -A- Lease in Taylor County, Texas.
Andrew V. Reid, Chairman and Co-CEO of Treaty Energy Corporation, stated, “We are very pleased to report the timely action of the RRC with regard to this first new well to be drilled by our drilling company, Treaty Energy Drilling, LLC, on the McComas -A- Lease, one of our first 17 leases in Texas. Site preparations are already underway, and we will provide updates once results are confirmed.”
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.
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.
SOURCE Treaty Energy Corporation