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Treaty Energy Corporation TECO
Posted On: 12/06/2012 6:06:41 AM
Post# of 39368
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Posted By: BULL2222

I'd like to get a timeline here....



TNC Energy has related to the Treaty Energy management team, that their engineers have estimated production levels of up to 600 bbls/day out of the 50 existing wells after completion of the work overs.


Work over cost are estimated at $15,000 per well and completion time for all wells is expected to take approximately 3 to 4 months. TNC Energy is currently on site and proceeding with the work over of the wells. Treaty Energy Corp will not be responsible for any other investments in the venture nor any other operational responsibilities.


Andrew Reid , Co-CEO of Treaty Energy Corp., stated "I am pleased to have Treaty Energy join in this joint venture with a well-capitalized group like TNC Energy. If estimated production levels are achieved, this JV could add up to 240 bbls/day of prime Louisiana light oil to Treaty's daily production."















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