Treaty Energy Corp. (fka TECO)

[tdbowieknife]

All lies from August 29th PR... How has Treaty changed??? It hasn't... Same ole Bullshit... Different Blackburn Puppet...

TREATY will incorporate the SANDBOX water processing system into its "Stockton" field operations. Initial drilling reports indicate the presence of oil but also significant quantities of water. The decision was made to "go uphole". Unfortunately, this decision rendered the well basically unproductive. TREATY's technical team believes that if they recomplete the well in the lower water bearing zones they can significantly increase oil production. The SANDBOX system will allow the company to produce significant volumes of fluid without the cost of drilling an injection well. The recycled water will have significant value in drought stricken West Texas.

In speaking about the PRIVCO opportunity Mr. Chris Tesarski, Chairman & CEO of TREATY, stated "TREATY shareholders will be pleased to note that the integration of the PRIVCO service platform will now allow the "500 Well Louisiana Project", "Project X" (certain contract opportunities in Central America and the Caribbean), and reinvigorated GEOTECHNICALLY DEFINED operations in Belize to move forward, thereby restoring the opportunity for TREATY shareholders to see value derived from what was a previously difficult chapter in the history of the company. The combination of new management and technically qualified industry personnel in TREATY and PRIVCO will allow value to be realized that had for the most part been written down by the markets and shareholders alike."

"PRIVCO's commitment to integrating a full service operation into TREATY's growth oriented production platform and the ability to network its services to a growing number of energy companies in the Americas make this transaction a very attractive one for TREATY's shareholders," says Mr. Tesarski

PRIVCO is currently involved in the process of converting to a publicly traded company by completing the process of acquiring an existing public entity. Once again, the Board is convinced that this will provide significant additional value to TREATY's shareholders. PRIVCO and TREATY will keep shareholders apprised of developments as they occur.

As part of the changes in structure to the company the Board of Directors has negotiated a stock based dividend for all TREATY shareholders in PRIVCO. During a rollout period of the next 90 days, TREATY shareholders as of September 30, 2014 (or such date as the market regulators might determine), will receive shares of the common stock of PRIVCO at a rate to be determined subject to all regulatory approvals as are common to such transactions.

In keeping with the aforementioned transaction and the commitment of the Board of Directors to increasing shareholder value, the company will undergo a process of defining TREATY's identity as an ENERGY PRODUCER. Rooted in a firm belief that the "Americas" hold vast untapped, bypassed and forgotten energy reserves the company intends to continue its focus on "finding new oil and gas in old places."

"We believe that this is the right place for us to be and welcome other players who focus on exploratory, wildcat plays, but TREATY will continue to focus on what we KNOW got left behind instead of risking shareholder value on what we believe MIGHT be there," says Mr. Tesarski.

To this end, the company wishes to announce the signing of three (3) new leases (defined by 3D seismic) in the Tuscola, TX area, not far from its Stockton operations. These leases will give the company the ability to integrate PRIVCO's service platform into operations thereby giving TREATY a strategic advantage in developing its production operations. In addition to the 3D seismic, TREATY has access through PRIVCO to thorough geotechnical data to assist in making strong, technically sound strategic development and optimization decisions with regard to its operational platform.

"TREATY shareholders have stuck with the company through some very difficult times. Liberating the oilfield service assets of TREATY and partnering with PRIVCO will lead to strong growth for our shareholders in two dynamic companies. A reenergized, reorganized and vibrant energy company and a new, visionary, and technology savvy oilfield service company. With both companies committed to a strategy of integration, the Board sees this as a tremendous step forward" stated Mr. Tesarski. He added, "It is time to ensure that our shareholders are rewarded for their loyalty to the company."

As promised, as of August 27, 2014, the company has officially engaged auditors to begin to undertake the process of bringing the company into regulatory compliance.

"I am relieved that we have been able to now fully engage in the process of getting our company into compliance," said Mr. Tesarski. "It has been my number one priority. I have promised this to shareholders and they deserve nothing less than a 100% commitment to compliance."

http://ih.advfn.com/p.php?pid=nmona&article=63413578

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