Treaty Energy Corporation Updates Investors on Eas
Post# of 94144
10:45a ET November 28, 2012 (PR NewsWire)
Treaty Energy Corporation (OTCQB: TECO) (www.treatyenergy.com), a growth-oriented international energy company, is pleased to update investors on the progress of the Madeley F1 H Well in Shelby County Texas.
The drilling of three separate 1,000 ft Lateral Legs was completed on November 5, 2012. During the drilling process, an estimated 300,000 gallons of water was pumped into the well, which had to be extracted prior to production. As more and more fluid was extracted the pressure and Gas production continued to increase. Treaty began putting the Gas into the sales pipeline on Monday, November 26, 2012 and will provide updates as gas production stabilizes.
Treaty continues to produce the Lakeshore well sporadically as work is done to get it into a solid "pumping rhythm". Treaty may experiment with some different perforations as well as other enhancement techniques in this well as the company continues to evaluate the situation.
About Treaty Energy Corporation
Treaty, an international energy company, is engaged in the acquisition, development and production of oil and natural gas. Treaty acquires and develops oil and gas leases which have "proven but undeveloped reserves" at the time of acquisition. These properties are not strategic to large exploration-oriented oil and gas companies. This strategy allows Treaty to develop and produce oil and natural gas with tremendously decreased risk, cost and time involved in traditional exploration.
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