TECO Project Update for 4/18/2013
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TNC has conducted pre-drilling operations on the Mitchell lease and the drilling rig is scheduled to arrive on Monday, April 22, 2013.
TECO has received confirmation directly from TNC’s primary drilling operations manager for the Mitchell operation, that the primary drilling rig is set to arrive on Monday, April 22, 2013 and will be set into position. Depending on the time of the rig's arrival, drilling will commence shortly soon after.
TNC has informed TECO that once the drill has spudded in, it will take approximately 15 days to drill and complete the two wells.
TNC remains a valuable partner to TECO and TECO is committed to utilizing TNC's drilling expertise for future operations. TECO will re-evaluate its protocols and procedures at the end of this drill to try and ensure that future delays do not occur.
TECO believes that the Mitchell lease will be a major turning point for the company's future. TECO has already begun plans to drill future prospects and looks forward to these new exploratory drilling operations once the Mitchell wells have been completed. |
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Treaty Energy Corporation has launched its new corporate website.
Treaty Energy Corporation has launched its new corporate website on April 5, 2013. The new website, located at http://www.treatyenergy.com , is designed to be a dynamic resource to suit the ever changing demands of investors and to make information about TECO easily accessible so that investors may do their due diligence. Information on the website is the most current and most accurate information that is available to shareholders.
TECO's IR department has been working on this project for several months now. TECO is constantly working to improve our investor relations tools and would appreciate any investor input on the site's construction and content. Feel free to send your comments to investors@treatyenergy.com so that we can satisfy all of our Investor’s needs. |
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Oceana Ruling and Status Update on Off-Shore Drilling
Treaty Energy Corporation is fully aware that Oceana recently ruled against the Government of Belize and of the implications this may have on off-shore concessions. TECO has been engaged in constant communications with both Princess Petroleum and the Government of Belize since the ruling became public.
TECO is sending representatives down to Belize this weekend to discuss the impact of the ruling with all the involved parties. Once the government has had time to process the case's impact and discuss it with TECO's representatives, TECO will make an official statement with the approval of the Belize Government. |
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