PR out:
Treaty Energy Corporation Announces the Production Rate of Mitchell #4 Well
View this email in your browser ( http://us4.campaign-archive2.com/?u=f42872e26...8887f5fbff )
Treaty Energy Corporation Announces the Production Rate of the Mitchell #4 Well
Mitchell #4 Well in Tuscola, Texas Exceeds Expectations and Assigned an Initial Production Rate of 61 BOPD
NEW ORLEANS, LA – June 17, 2013 - Treaty Energy Corporation (OTCQB: TECO) ( www.treatyenergy.com ( http://treatyenergy.us4.list-manage2.com/trac...8887f5fbff ) ), a growth-oriented international energy company, announced today the production results of the Mitchell #4 well in Tuscola, Texas.
On June 6, 2013, swabbing operations on the Mitchell #4 well were concluded. The well was put into full production that same day and the well was assigned an initial production (IP) rate of 61 barrels of oil per day (BOPD). The Mitchell #4 well is consistently producing between 45 to 50 BOPD.
TECO expected a marginal production increase of 5-10% over the Mitchell #3 well based upon initial geology reports. The consistent production rates of the Mitchell #4 have exceeded internal expectations by almost doubling the performance of the Mitchell #3 well.
As of June 17, 2013 the combined tank reading for the Mitchell #4 stands at approximately 19’ 4” or 388 barrels of oil.
Mitchell #3 well, which was announced at 25-30 BOPD, has remained constant and has produced over 650 barrels of oil. Since being put into production, TECO has sold approximately 355 barrels of oil from the Mitchell #3 well. The oil sold on Mitchell #3 is rated at an API Gravity of 47, which is considered high quality crude oil.
The performance of the Mitchell #4 well brings the total production of the Mitchell Lease at 70 to 80 BOPD. To date, the Mitchell lease has produced over 1000 barrels of oil since Mitchell #3 was put into production.
About Treaty Energy Corporation
Treaty is an international energy company 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, which allow Treaty to develop and produce oil and natural gas with tremendously decreased risk, cost and time compared to traditional exploration.
Treaty Energy Corporation (TECO) trades on the OTC, the marketplace for companies that are current in their SEC reporting requirements. Investors can find real-time quotes and market information for Treaty Energy at http://treatyenergy.us4.list-manage2.com/trac...8887f5fbff .
Forward-Looking Statements
Statements herein express management's beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, raising working capital and securing other financing; responding to competition and rapidly changing technology; and other risks. These risks are detailed in the Company’s filings with the Securities and Exchange Commission, including Forms 10-KSB, 10-QSB and 8-K. Actual results may differ materially from such forward-looking statements.
Contact
Treaty Energy Corporation
Investor Relations
investors@treatyenergy.com (mailto: investors@treatyenergy.com )
Tel: 504-754-6927
Fax: 504-324-0844
============================================================
Email Marketing Powered by MailChimp
http://www.mailchimp.com/monkey-rewards/?utm_...&afl=1
** ( http://treatyenergy.us4.list-manage1.com/trac...8887f5fbff )
** Share ( http://treatyenergy.us4.list-manage.com/track...8887f5fbff )
** ( http://treatyenergy.us4.list-manage.com/track...8887f5fbff http%3A%2F%2Fus4.campaign-archive2.com%2F%3Fu%3Df42872e26de2200b72e79fd7f%26id%3De4ee598fe7)
** Tweet ( http://treatyenergy.us4.list-manage.com/track...8887f5fbff http%3A%2F%2Fus4.campaign-archive2.com%2F%3Fu%3Df42872e26de2200b72e79fd7f%26id%3De4ee598fe7)
** ( http://us4.forward-to-friend.com/forward?u=f4...8887f5fbff )
** Forward to Friend ( http://us4.forward-to-friend.com/forward?u=f4...8887f5fbff )
** ( http://treatyenergy.us4.list-manage1.com/trac...8887f5fbff )
** Facebook ( http://treatyenergy.us4.list-manage.com/track...8887f5fbff )
** ( http://treatyenergy.us4.list-manage2.com/trac...8887f5fbff )
** Twitter ( http://treatyenergy.us4.list-manage.com/track...8887f5fbff )
** ( http://treatyenergy.us4.list-manage1.com/trac...8887f5fbff )
** YouTube ( http://treatyenergy.us4.list-manage.com/track...8887f5fbff )
** ( http://treatyenergy.us4.list-manage.com/track...8887f5fbff )
** Website ( http://treatyenergy.us4.list-manage.com/track...8887f5fbff )
** unsubscribe from this list ( http://treatyenergy.us4.list-manage.com/unsub...e4ee598fe7 )
** update subscription preferences ( http://treatyenergy.us4.list-manage2.com/prof...8887f5fbff )
** investors@treatyenergy.com (mailto: investors@treatyenergy.com ?subject=I%20have%20a%20question%20about%20my%20investment!)
