Treaty Energy Corporation has news out
Treaty Energy Corporation Updates Shareholders on Acquisition of Oil &Gas; Gas Lease in Brown County, Texas
This Brown County Lease Includes 113 Acres With Two Producing Wells and up to Seven "PUDS" -- Closing Will Be Within 7 to 14 Days
ABILENE, TX--(Marketwire - 08/04/09) - Treaty Energy Corporation (OTC.BB:TECO - News) today announced that closing documents are being prepared for the acquisition of the 113 acre Baker lease in Brown County, Texas.
Treaty Energy is expecting to purchase the Baker lease and all equipment above and down hole from West Texas Royalties of Plainview, Texas. Final closing of this acquisition will be within 7 to 14 days according to attorney Brent Hamilton, who is preparing the closing documents.
West Texas Royalties will be the operator on this lease and will begin efforts to start up production immediately after closing. Initial efforts will include installation of a new tank battery and water separation and storage tanks.
Treaty Energy will keep updating our shareholders and the investment community on progress of this acquisition.
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