Treaty Energy Corporation

New Post Public Reply Private Reply Replies (0) Message Board

Mar 27, 2013 at 3:46 PM

Treaty Energy Corporation (TECO) would like to provide a substantial update for investors regarding all on going drilling operations in Belize and Texas and a status update on TECO's website redesign.

Brown well has been perforated, acidized and is now expected to be put into full production as early as tomorrow.

The completion of Treaty Energy Corporation's (TECO) latest well was delayed due to an unscheduled emergency plugging operation on a non-TECO lease that took longer than expected. TECO is using contracted services to drill and complete the Brown well.

On Tuesday, March 27, 2013, the well was perforated. Video of the perforation is available below (perforation occurs at exactly 2:35 in the video):

Completion crews were onsite and acidized the well early this morning. The crews are now working on swabbing and completing the well.

TECO would like to establish a consistent and level flow rate before informing investors of the well's production so that an accurate rate can be determined. TECO expects this to take between 1-2 weeks. Decisions regarding future well operations on this lease will be made then at that time. Investors be informed of these decisions made by TECO management regarding the Brown lease at that time as well.

While on site, the crew completed a rod liner repair to one of TECO's highest producing wells on the lease (as seen below). Several additional crews also performed general maintenance on the Brown lease to improve TECO's operations there.

TECO management looks forward to updating investors on the well's status in the coming weeks.

Treaty Energy Corporation's new website is scheduled to launch by April 5, 2013.

TECO's new website has been designed to provide information on project statuses, well operations, company financials and will be a great resource for those investors who want to know more about oil & gas operations. TECO intends to utilize this resource to the maximum extent and hopes that investors will find it to be a great primary resource for all TECO related questions.

TECO fully anticipates the site will be live sometime between April 1st and April 5, 2013, and will depend on when the DNS servers propugate. TECO will inform investors when the new website goes live.

Treaty Energy Corporation resumed drilling operations on March 27, 2013 on the San Juan #3 exploratory well in Belize.

Treaty Energy Corporation (TECO) announced last week that it had successfully drilled to a depth of 486ft to subsequently case and cement the well. TECO initially planned to allow 2-3 days for curing times.

After an inspection on Thursday, TECO's Belize operations made the decision to continue the curing process through the weekend to ensure proper settlement. During this downtime TECO's drilling supervisor in Belize performed a full inspection of the rigging equipment on Saturday to eliminate any possible issues that may have arrived on Monday.

During the Saturday inspection, the drilling supervisor noticed a part on the drilling rig that was in need of repair. While not immediately critical to operations, the decision was made to purchase the component over the weekend and repair it before resuming drilling operations. Repairs on the rig were successfully completed late Tuesday afternoon.

As of March 27, 2013, drilling has recommenced on San Juan #3. The rig is expected to reach its first expected zone of interest of 800ft as early as this weekend.

TECO will update investors on the well’s operations through existing communication channels.

TECO's drilling partner, TNC, has revised the Mitchell lease's drilling schedule.

TNC has informed TECO that they are revising their drill schedule based upon existing drilling obligations. Despite the revision in the drilling schedule, TNC is still committed to drilling the Mitchell lease for TECO in a quick and efficient manner once the rig arrives on the site.

Preparation crews have been on site for the last week preparing the site for drilling and have successfully installed new tank batteries on the lease.

The next procedural step is to conduct pre-drilling operations (Conductor Pipe, rat holes and mouse holes) which will then be immediately followed by full drilling operations.

TECO would like to assure shareholders that both TECO and TNC are committed to this operation and will begin drilling operations in the very short term. TNC is handling all logistics on this operation.

TECO looks forward to updating investors shortly regarding drilling operations on the Mitchell lease.

Treaty Energy Corporation (TECO) Stock Research Links

TECO Board Company Profile Buy Rating Time & Sales News Filings Financials

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Molex's VersaBeam Mini Pushes AI Data Center Limits

Game-Changer for AI Data Centers? Across the tech landscape, space is a premium, and Molex's new VersaBeam Mini arrives like a hail Mary in the fourth quarter. In AI data centers, squeezing down every single component counts—especially when optical density's in play. What we're seeing here is a potential paradigm shift. A 3x density improvement from a tiny 3.5 x 9 mm...

Spencer Peterman Hosts Eco-Friendly Wood Bowl Sale

Just when you think you've seen it all in the world of craftsmanship, along comes a dynamo like Spencer Peterman. For over 25 years, he's been turning what others discard into treasures. Fallen trees? Most folks see firewood. Spencer sees a future masterpiece. And now, he’s rolling out the welcome mat for his loyal customers with a special sale that runs until December...

Annex Brands Grows with Bastrop's PostalAnnex Opening

New PostalAnnex Location Opens in Bastrop, TX Here's a fresh chapter in the books for Annex Brands, Inc. They've just cut the ribbon on a brand spanking new PostalAnnex in Bastrop, Texas, handing the reins over to eager fresh faces, Chetan Modi and Karan Desai. And you know what? This ain't just any regular location. It's a one-stop-shop for anything you could need, from...

Castillo Engineering Gears Up with New VP Appointments

New Leadership to Drive Expansion In a boost to its commitment to scaling up, Castillo Engineering, based in Maitland, Florida, has roped in two veterans from the renewables sector as vice presidents. Aaron Carrillo and Devin Radovich, who share a history of successful collaboration at Renewable Energy Systems Americas (RES), are set to guide Castillo's growth in the...

Lavior and CR Fitness Team for Wellness Reach

Botanical Care Meets Gym Life in the Southeast Lavior, the botanical whiz kids of wound and skin care out of Miami, are shaking hands with CR Fitness, Crunch's big-time franchise operator carrying the flag across the Southeast. They’ve ironed out a deal that’ll park Lavior’s products in more than 60 gyms covering Florida, Georgia, North Carolina, and Texas. It’s a...

Tenera Care's Tech Triumph: Halving Falls with Simplicity

Every once in a while, a piece of tech comes along that makes you sit up and say, ‘Now that’s a game-changer!’ And with the recent rave reviews, Tenera Care seems to hit just that sweet spot for folks in the senior living game. By handing Dublin Glenn Memory Care the gold in the KISS category at the 2026 McKnight's Technology Awards, it’s clear the industry is...

Navigating AI's New Era: Dresner's 2026 Findings

Big Insights in the AI World of 2026 Well folks, if there's one thing making waves in the boardrooms this year, it's AI. Dresner Advisory Services just threw down a gauntlet for companies with their fresh batch of reports focused on the dizzying world of AI. They ripped right into it, exploring how firms can bag a heap of benefits and deal with the hurdles that come with...

U.N. Leaders Converge at NYSE, Forus Soars to $3B Valuation

A Busy Morning at the NYSE with Key Guests and Global Events In a world where high-stakes diplomacy and roaring market bells go hand in hand, today brings the U.S. Secretary of State, Marco Rubio, to the New York Stock Exchange. With the 81st Session of the United Nations General Assembly shaking up the Big Apple, the city finds itself at the intersection of politics and...

NACD Honors Top Board Leaders with 2026 Awards

Celebrating Boardroom Mavericks at NACD Gala September 2026 has brought some sparkling recognition to the elites guiding today's corporate governance landscapes. The National Association of Corporate Directors (NACD) has announced their Directorship 100 honorees, tipping their hats to stellar individuals firing on all cylinders in the boardroom. Who's Getting the Nod?...

Anixa Expands Global Footprint with Aussie Patent

Breaking New Ground in Cancer Immunotherapy Today feels like a pivotal day for Anixa Biosciences. Their announcement about securing a patent in Australia for their trailblazing breast cancer vaccine is like planting a flag on new, promising territory. This is no minor step; it's a strategic leap for the company as it strengthens its intellectual grip on the global...