Project Status Update for April 23, 2013
Tue, 04/23/2013 - 15:06 -- admin
Treaty Energy Corporation (TECO) would like to provide a quick update for investors regarding drilling operations on the Mitchell lease. TECO also has an update for investors regarding it's subsidiary, Treaty Drilling.
On April 22, 2013, TNC Energy's drilling rig arrived at the Mitchell lease.
TNC Energy arrived on site yesterday afternoon and began setting up the drilling rig. TNC is expected to spud in on Wednesday, April 24th, 2013. TECO will have more information regarding the drill in the next few days once more information becomes available.
Steve York, President of Treaty Energy Drilling, has successfully negotiated two new drilling contracts in Taylor County, Texas for Its Wilson 42 Rig.
The first contract is slated to commence by May 15, 2013 and will be drilled to a total depth of 2500ft.
The second contract is slated to commence by June 15, 2013 and will be drilled to a total depth of 5500ft.
Treaty Energy Drilling, a subsidiary of Treaty Energy Corporation, provides contractual drilling services for external parties and is generating revenue for TECO as part of its asset diversification strategy.
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