Posted On: 08/16/2013 3:23:37 PM
Post# of 39368
"Andrew Reid, Chief Executive Office for Treaty Energy, stated, "The success of the Mitchell project showed to management and shareholders alike that a new Treaty Energy has emerged since operational changes were made earlier this year. Management hopes to further the Company's success by drilling these two wells on the Stockton lease. While the Company initially planned on drilling only one offset well, positive results from the Mitchell Lease prompted the Company to take action to increase production quickly and move the company toward cash flow positive in Q3 2013.""
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