Time to get Wilson Working.....
One of the most positive developments in the PRIVCO transaction is the fact that, as reported, the Board is committed to “liberating” the oilfield service assets of TREATY (i.e. TREATY is to transfer its oilfield services assets to PRIVCO). To this end, we are pleased to announce that PRIVCO has negotiated the immediate reactivation of the “500 well drilling project” in Louisiana. We are working to get the assets moved from West Texas to Louisiana where we will partner with a private Dallas based oil and gas company to drill the wells. Positive to TREATY is that the project will encompass a debt retirement strategy as well. This is the first of what is shaping up to be many opportunities for this new entity which we believe will be of great benefit to TREATY shareholders.
One of the most positive developments in the PRIVCO transaction is the fact that, as reported, the Board is committed to “liberating” the oilfield service assets of TREATY (i.e. TREATY is to transfer its oilfield services assets to PRIVCO). To this end, we are pleased to announce that PRIVCO has negotiated the immediate reactivation of the “500 well drilling project” in Louisiana. We are working to get the assets moved from West Texas to Louisiana where we will partner with a private Dallas based oil and gas company to drill the wells. Positive to TREATY is that the project will encompass a debt retirement strategy as well. This is the first of what is shaping up to be many opportunities for this new entity which we believe will be of great benefit to TREATY shareholders.
