Treaty Energy in Completion Phase on the Belize San Juan #2 Well
NEW ORLEANS, July 2, 2012 /PRNewswire/ — Treaty Energy Corporation (OTCQB: TECO) (www.treatyenergy.com), a growth-oriented international energy company, announced today 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.
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 closed 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 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