Mr. York will be appointed President of Treaty Ene
Post# of 39368
Posted On: 10/29/2013 10:52:08 AM
Re: 2020Investor #21224
Mr. York will be appointed President of Treaty Energy Drilling, LLC and will be responsible for all operations of that company. In the short time since the decision was made to solicit outside drilling business, Mr. York has been successful in obtaining several new contracts for the smaller Failing 1500 Drilling Rig. The first such contract is currently being drilled on location in Pecos County Texas.
Additionally, Mr. York is in the process of securing three contracts for the larger Wilson 42 Drilling Rig, to be carried out in the first quarter of 2013.
Mr. York stated, "We are expecting Treaty Energy Drilling to add significant gross revenue to Treaty Energy Corporation in 2013. We expect revenue to reach significant levels in the 3(rd) and 4(th) quarters."
With Mr. York's departure from his positions at Treaty Energy, Bruce Gwyn will assume the post of President and Chief Operating Officer. Mr. Reid will remain the CEO of the company going forward. Mr. Gwyn has taken a hands-on approach in West Texas and has been working very closely with Treaty personnel over the last several months. He believes that with the people currently in place Treaty will be successful in achieving its goals in a timely and efficient manner. Mr. Gwyn has been, and will continue to focus his attentions, first and foremost on increasing current oil production through maximizing workover efforts in West Texas.
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