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Treaty Energy Corp. announced its 50\50 agreement with Princess Petroleum Limited
on Thursday, April 22. Princess Petroleum is a Belize company engaged in the business of exploration, development and production of crude oil and natural gas. It is also a part of The Princess Group International, which is engaged in the development of Hotels, Casinos, and other Real Estate ventures throughout South America, the Caribbean, and Europe.
Princess received one of 17 concessions from the government of Belize to explore for oil and natural gas. As part of the joint venture, Treaty will have the right to explore for oil and gas on a total of 2,000,000 acres. The concession consists of 1,800,000 acres of off shore exploration, and 200,000 acres of onshore exploration.
Treaty has engaged a highly respected geoscientist to oversee the taking of soil samples in the best areas proved by satellite and test the samples to determine where the hydrocarbons are and to select a drill site. This geoscientist will come to Belize in early May 2010 to do soil samples and other studies needed to select the first well site. Plans to search for oil in an area almost 10,000 acres off the southern highway.
smith, I guess you didn't read this update.
2. -- Letter/Report on JOSEPH SCHWALLIE WELL #1 - Pickett County, TN
ROME OIL DEVELOPMENT CORPORATION
1620 Clintonville Road
Winchester, KY 40391
September 6, 2010
Mr. Andrew Reid
Treaty Energy Corporation
201 St. Charles Ave, Suite 2534
New Orleans, LA 70170
RE: JOSEPH SCHWALLIE WELL #1 - PICKETT COUNTY, TN
Dear Andrew,
We recently re-opened the Joseph Schwallie well #1. We are pumping it intermittently with a pumping unit equipped with an 8 HP gasoline motor. To date we have been pumping water with small crude oil shows. Originally, this well was drilled too deep into a water zone. Now the well is plugged back to 1850 feet which is just below the Wells Creek formation that shows a high porosity zone at 1800-1805 feet. I believe that water invaded this zone from the lower zone before it was plugged back. The pumping that we have done has decreased the water volume and increased the oil shows to date.
The well was never acidized, It is running level with the Robin Moody #1 in the subsurface on the Wells Creek formation and should eventually produce crude oil if acidized. The Robin Moody #1 is currently producing Wells Creek oil.
Of greater significance in regard to additional oil production from this well is a porosity zone in the Murfreesboro formation at 1600-1625 feet. When acidized this zone frequently produced large volumes of oil, i.e. 25-100 barrels of oil per day.
I plan to remove the tuning and rods from the well and run a video log in the well to pinpoint all oil and gas zones. After viewing the video we will decide which zone ma respond favorably to acidizing.
Depending on which zone we acidize, the oil production rates could range from 5-50 barrels of oil per day. At $65-$70 per barrel this could be a very good well.
Sincerely,
/s/ John H. Barksdale
John H. Barksdale
President
BELIZE DEAL NUMBERS
..Shareholder's will be rich and shopping for beach houses in Lahaina:))
farviewhill, I have reposted message 12142...as you can see the link to the aticle was posted also. Now, if you are unsure how to click on a link then that is your problem...Glad I could help:)
Princess Petroleum ‘Deals in’ Treaty Energy On its Oil Lease Concession to become ‘Belize Treaty Energy Corporation’
http://nationalperspectivebz.com/site/index.php?option=com_content&view=article&id=748%3Aprincess-petroleum-deals-in-treaty-energy-on-its-oil-lease-concession-to-become-belize-treaty-energy-corporation-&Itemid=114&fcc696e2a40487d871c71fea79bb1961=934c5535fc7e141d0f98a4a7488c022c
farviewhill..ROFL..I did not write that article. Why don't you contact The National Prespective in Belize and ask them, that is where the article came from....ROFLLLLLLLLLL........
BELIZE DEAL NUMBERS
..Shareholder's will be rich and shopping for beach houses in Lahaina:))
farviewhill: the obvious questions are, how do you know Belize
will not truly happen and how do you know the amount of oil being pumped is not anything of consequence. You're making statements that might cause folks to sell this stock and throw their money away. Not very ethical. If this is your hope, just say that, don't mislead investors.
Since Treaty is a fully reporting company and they have filed properly, I get my info from that, the PR's and IR.... Where do you get your information from?
I am afraid those selling will be very upset within the next few weeks. Belize is going to happen....Kansas is going to close...and Tenn. is pumping now. Sell all you want....ROFL
BELIZE DEAL NUMBERS updated..Shareholder's will be rich and shopping for beach houses in Lahaina:))
WOW..GREAT DD fmi81. Belize is a done deal. This stock will be over $1. The only thing being pumped here is oil!!!!!!
Princess Petroleum ‘Deals in’ Treaty Energy On its Oil Lease Concession to become ‘Belize Treaty Energy Corporation’
http://nationalperspectivebz.com/site/index.php?option=com_content&view=article&id=748%3Aprincess-petroleum-deals-in-treaty-energy-on-its-oil-lease-concession-to-become-belize-treaty-energy-corporation-&Itemid=114&fcc696e2a40487d871c71fea79bb1961=934c5535fc7e141d0f98a4a7488c022c
VERY IMPORTANT DD FOR ALL INVESTORS
Treaty Energy Updates Shareholders on Progress
http://finance.yahoo.com/news/Treaty-Energy-Updates-iw-3484506540.html?x=0&.v=1
Treaty Energy Updates Shareholders on Progress
http://finance.yahoo.com/news/Treaty-Energy-Updates-iw-3484506540.html?x=0&.v=1
OK...why post the same message 4 times? If you understand the train of thought...then what is your point. I was showing an example of the potential for this company.
smith, can you show me where Mr. Blackburn's name appears on the company website. I did a search and could not find it once. Thanks! BTW..this is the 3rd request for this information:)
More Important DD For All Investors!
BNE, Princess and Treaty
Irish investors are laughing all the way to the bank after striking black gold in Central America.
Hundreds of people from Northern Ireland and the Republic have just received their first payout after taking a gamble on a Belfast-born oil baroness.
Feisty geologist Susan Morrice silenced her many critics after defying the odds to strike oil in Belize on her first wildcat operation.
Ironically dozens of explorations had been carried out in the country over 50 years by oil giants including the likes of Shell and BP, but to no avail.
It took Ms Morrice, sister of former MLA Jane Morrice, years to privately raise the capital needed to fund the exercise - just one drill costs several million.
Josh Stewart, a former Belfast man and a director with Belize Natural Energy (BNE), said: "Investors who have never invested, have invested in this company on Susan's belief that there was oil there when everybody else said there wasn't... and at Christmas they got their first, significant and massive dividend."
Although it has been four years since the first oil strike it was worth the wait as some investors, who shared a pot of $10m, received payouts of up to $750,000.
And to cement Ms Morrice's belief that there was a rich source of oil in Belize, BNE declared its second oil field last month.
BNE is Belize's only petroleum-producing company and is pumping 5,000 barrels of oil per day from 10 wells at Spanish Outlook - with a gross revenue of $112m in 2008.
Although in the great scheme of oil producers Belize is a small fish in a very big pond, some geologists claim the country as a whole could produce 50,000 barrels a day.
But with the price of oil currently hovering around $83 a barrel, that still makes BNE pretty rich.
Denver-based Ms Morrice explained: "What happened was absolutely unbelievable, we started to drill and we hit the best oil in the world, light sweet crude, beating all odds. The oil is like the icing on top of the cake.
"At first we thought we had hit about six million barrels recoverable and with each independent engineering report instead of decreasing, it actually seems to be increasing and I think we are heading towards 20 million barrels of oil recoverable.
"Now we have just discovered a second oilfield."
The internationally renowned explorationist with decades of experience in oil exploration attributes her success to her 'entrepreneurial spirit' and 'can do attitude'.
She said: "I have been working in Belize since 1984 and I knew almost instinctively as well as scientifically that there was oil there. It just had to be found.
"I am not necessarily a better geologist than Shell or BP, it was a belief that I was right and no matter how many doubts - even from the biggest oil companies - I kept that invincible vision and if you do that, then you do not get swayed by the doubt.
"You have the odd moment where you think 'oh my God' but actually the dominant force is the way forward."
And energy is a common thread in the family as Ms Morrice is married to Alex Cranberg, chairman of Denver-based energy company Aspect Holdings. Another company of the couple's CHx, a private investment firm, is the joint venture partner of BNE.
In 2003, BNE negotiated a Product Sharing Agreement with the Government of Belize and that partnership has proved lucrative for both parties as BNE is now the number one revenue driver for the country.
Mr Stewart, who attended Methodist College, said: "We have been selling our oil onto Costa Rica , but we actually have a new partnership starting the first quarter of this year with the US refineries.
"We will be strengthening the Belize-US government to government ties so we are pumping all that oil into the US refineries which is a huge boost."
However, not only has BNE proved a financial success, it has also had a major impact on the local community in terms of employment, revenue, funding and social development.
More than $100,000 have already been donated to local schools and flood relief schemes after the company and its Irish investors signed a deal which ensured monies from oil revenues were spent on improving health, education and the environment.
And Ms Morrice is adamant that is why so many people from Northern Ireland and the Republic were prepared to back BNE.
She said: "I find in Ireland that a lot of people really want to make a difference. I think what attracted them into our investment was not only a belief in our vision, but a desire to make a difference in the country of Belize, which is very poor."
BNE's accomplishments have also provided employment for 400 people and created spin-off businesses.
Ms Morrice said: "What has happened is BNE has gone to the number one revenue generator in the whole country in less than three years; it's phenomenal, it's another unheard of thing.
"The entrepreneurial spirit is alive and well. Men who own their tank trucks come, fill up their tanks and take it down to the ships for export. Restaurants, grocery shops and little hotels are springing up."
Another scheme the company is involved in is the BNE Dream Trust, which will provide microfinancing and seed capital to help Belizeans realise their business dreams.
So the crude oil in Spanish Lookout has not only made Ms Morrice, a past recipient of the Distinguished Service Award from the American Association of Petroleum Geologists, a lot of money but it has allowed Belize to dream of energy independence and a better future for this poor nation.
Important DD for all investors. OIL is now pumping and more to come
I AGREE fmi81. Only a matter of time before TECO will be trading higher than ERHE. TECO has lots more to offer.
We have a deal then. If I am wrong I will leave the board and apologize to you here also. I agree...the next Q will be proof of revenue and the pumping of oil. Have a great weekend:)
IMO you are wrong SVS. From what I have heard Belize is very close to happening. We will see who is wrong. If I am wrong I will leave this board...Will you do the same if you are wrong?
Just spoke with IR. Company does still maintain an office in that building. The entire office building had an update of the phone system and there is a glitch with the Treaty office number. They are working on the problem as I am typing:) BTW...things are heating up in Belize, we are getting close!!
smith, can you show me where Mr. Blackburn's name appears on the company website. I did a search and could not find it once. Thanks! BTW..this is the second request for this information:)
More Important DD For All Investors!
BNE, Princess and Treaty
Irish investors are laughing all the way to the bank after striking black gold in Central America.
Hundreds of people from Northern Ireland and the Republic have just received their first payout after taking a gamble on a Belfast-born oil baroness.
Feisty geologist Susan Morrice silenced her many critics after defying the odds to strike oil in Belize on her first wildcat operation.
Ironically dozens of explorations had been carried out in the country over 50 years by oil giants including the likes of Shell and BP, but to no avail.
It took Ms Morrice, sister of former MLA Jane Morrice, years to privately raise the capital needed to fund the exercise - just one drill costs several million.
Josh Stewart, a former Belfast man and a director with Belize Natural Energy (BNE), said: "Investors who have never invested, have invested in this company on Susan's belief that there was oil there when everybody else said there wasn't... and at Christmas they got their first, significant and massive dividend."
Although it has been four years since the first oil strike it was worth the wait as some investors, who shared a pot of $10m, received payouts of up to $750,000.
And to cement Ms Morrice's belief that there was a rich source of oil in Belize, BNE declared its second oil field last month.
BNE is Belize's only petroleum-producing company and is pumping 5,000 barrels of oil per day from 10 wells at Spanish Outlook - with a gross revenue of $112m in 2008.
Although in the great scheme of oil producers Belize is a small fish in a very big pond, some geologists claim the country as a whole could produce 50,000 barrels a day.
But with the price of oil currently hovering around $83 a barrel, that still makes BNE pretty rich.
Denver-based Ms Morrice explained: "What happened was absolutely unbelievable, we started to drill and we hit the best oil in the world, light sweet crude, beating all odds. The oil is like the icing on top of the cake.
"At first we thought we had hit about six million barrels recoverable and with each independent engineering report instead of decreasing, it actually seems to be increasing and I think we are heading towards 20 million barrels of oil recoverable.
"Now we have just discovered a second oilfield."
The internationally renowned explorationist with decades of experience in oil exploration attributes her success to her 'entrepreneurial spirit' and 'can do attitude'.
She said: "I have been working in Belize since 1984 and I knew almost instinctively as well as scientifically that there was oil there. It just had to be found.
"I am not necessarily a better geologist than Shell or BP, it was a belief that I was right and no matter how many doubts - even from the biggest oil companies - I kept that invincible vision and if you do that, then you do not get swayed by the doubt.
"You have the odd moment where you think 'oh my God' but actually the dominant force is the way forward."
And energy is a common thread in the family as Ms Morrice is married to Alex Cranberg, chairman of Denver-based energy company Aspect Holdings. Another company of the couple's CHx, a private investment firm, is the joint venture partner of BNE.
In 2003, BNE negotiated a Product Sharing Agreement with the Government of Belize and that partnership has proved lucrative for both parties as BNE is now the number one revenue driver for the country.
Mr Stewart, who attended Methodist College, said: "We have been selling our oil onto Costa Rica , but we actually have a new partnership starting the first quarter of this year with the US refineries.
"We will be strengthening the Belize-US government to government ties so we are pumping all that oil into the US refineries which is a huge boost."
However, not only has BNE proved a financial success, it has also had a major impact on the local community in terms of employment, revenue, funding and social development.
More than $100,000 have already been donated to local schools and flood relief schemes after the company and its Irish investors signed a deal which ensured monies from oil revenues were spent on improving health, education and the environment.
And Ms Morrice is adamant that is why so many people from Northern Ireland and the Republic were prepared to back BNE.
She said: "I find in Ireland that a lot of people really want to make a difference. I think what attracted them into our investment was not only a belief in our vision, but a desire to make a difference in the country of Belize, which is very poor."
BNE's accomplishments have also provided employment for 400 people and created spin-off businesses.
Ms Morrice said: "What has happened is BNE has gone to the number one revenue generator in the whole country in less than three years; it's phenomenal, it's another unheard of thing.
"The entrepreneurial spirit is alive and well. Men who own their tank trucks come, fill up their tanks and take it down to the ships for export. Restaurants, grocery shops and little hotels are springing up."
Another scheme the company is involved in is the BNE Dream Trust, which will provide microfinancing and seed capital to help Belizeans realise their business dreams.
So the crude oil in Spanish Lookout has not only made Ms Morrice, a past recipient of the Distinguished Service Award from the American Association of Petroleum Geologists, a lot of money but it has allowed Belize to dream of energy independence and a better future for this poor nation.
Important DD for all investors. OIL is now pumping and more to come
Several folks here, supposed longs, have said in recent days that once the quarterly filings take place for Q2 that "we will see in this Q just what PR's were true and what PR's were false". Wrong -- either it was an honest mistake or a subtle attempt to take the legs from underneath this company. Let's make this simple for everyone: the 2nd half of this year will be the litmus test for Treaty, most of the activity regarding drilling and production in Tennessee has happened in the 3RD QUARTER. Belize will crank up during the 3rd and 4th quarters. If we get past those two quarters and nothing is different from today regarding the status of this company, then we can jump on the bandwagon of moving on from this stock. But, making any decisions regarding Treaty based solely on the Q2 filings would be premature and misguided.
smith, can you show me where Mr. Blackburn's name appears on the company website. I did a search and could not find it once. Thanks!
Several folks here, supposed longs, have said in recent days that once the quarterly filings take place for Q2 that "we will see in this Q just what PR's were true and what PR's were false". Wrong -- either it was an honest mistake or a subtle attempt to take the legs from underneath this company. Let's make this simple for everyone: the 2nd half of this year will be the litmus test for Treaty, most of the activity regarding drilling and production in Tennessee has happened in the 3RD QUARTER. Belize will crank up during the 3rd and 4th quarters. If we get past those two quarters and nothing is different from today regarding the status of this company, then we can jump on the bandwagon of moving on from this stock. But, making any decisions regarding Treaty based solely on the Q2 filings would be premature and misguided.
BNE, Princess and Treaty
Irish investors are laughing all the way to the bank after striking black gold in Central America.
Hundreds of people from Northern Ireland and the Republic have just received their first payout after taking a gamble on a Belfast-born oil baroness.
Feisty geologist Susan Morrice silenced her many critics after defying the odds to strike oil in Belize on her first wildcat operation.
Ironically dozens of explorations had been carried out in the country over 50 years by oil giants including the likes of Shell and BP, but to no avail.
It took Ms Morrice, sister of former MLA Jane Morrice, years to privately raise the capital needed to fund the exercise - just one drill costs several million.
Josh Stewart, a former Belfast man and a director with Belize Natural Energy (BNE), said: "Investors who have never invested, have invested in this company on Susan's belief that there was oil there when everybody else said there wasn't... and at Christmas they got their first, significant and massive dividend."
Although it has been four years since the first oil strike it was worth the wait as some investors, who shared a pot of $10m, received payouts of up to $750,000.
And to cement Ms Morrice's belief that there was a rich source of oil in Belize, BNE declared its second oil field last month.
BNE is Belize's only petroleum-producing company and is pumping 5,000 barrels of oil per day from 10 wells at Spanish Outlook - with a gross revenue of $112m in 2008.
Although in the great scheme of oil producers Belize is a small fish in a very big pond, some geologists claim the country as a whole could produce 50,000 barrels a day.
But with the price of oil currently hovering around $83 a barrel, that still makes BNE pretty rich.
Denver-based Ms Morrice explained: "What happened was absolutely unbelievable, we started to drill and we hit the best oil in the world, light sweet crude, beating all odds. The oil is like the icing on top of the cake.
"At first we thought we had hit about six million barrels recoverable and with each independent engineering report instead of decreasing, it actually seems to be increasing and I think we are heading towards 20 million barrels of oil recoverable.
"Now we have just discovered a second oilfield."
The internationally renowned explorationist with decades of experience in oil exploration attributes her success to her 'entrepreneurial spirit' and 'can do attitude'.
She said: "I have been working in Belize since 1984 and I knew almost instinctively as well as scientifically that there was oil there. It just had to be found.
"I am not necessarily a better geologist than Shell or BP, it was a belief that I was right and no matter how many doubts - even from the biggest oil companies - I kept that invincible vision and if you do that, then you do not get swayed by the doubt.
"You have the odd moment where you think 'oh my God' but actually the dominant force is the way forward."
And energy is a common thread in the family as Ms Morrice is married to Alex Cranberg, chairman of Denver-based energy company Aspect Holdings. Another company of the couple's CHx, a private investment firm, is the joint venture partner of BNE.
In 2003, BNE negotiated a Product Sharing Agreement with the Government of Belize and that partnership has proved lucrative for both parties as BNE is now the number one revenue driver for the country.
Mr Stewart, who attended Methodist College, said: "We have been selling our oil onto Costa Rica , but we actually have a new partnership starting the first quarter of this year with the US refineries.
"We will be strengthening the Belize-US government to government ties so we are pumping all that oil into the US refineries which is a huge boost."
However, not only has BNE proved a financial success, it has also had a major impact on the local community in terms of employment, revenue, funding and social development.
More than $100,000 have already been donated to local schools and flood relief schemes after the company and its Irish investors signed a deal which ensured monies from oil revenues were spent on improving health, education and the environment.
And Ms Morrice is adamant that is why so many people from Northern Ireland and the Republic were prepared to back BNE.
She said: "I find in Ireland that a lot of people really want to make a difference. I think what attracted them into our investment was not only a belief in our vision, but a desire to make a difference in the country of Belize, which is very poor."
BNE's accomplishments have also provided employment for 400 people and created spin-off businesses.
Ms Morrice said: "What has happened is BNE has gone to the number one revenue generator in the whole country in less than three years; it's phenomenal, it's another unheard of thing.
"The entrepreneurial spirit is alive and well. Men who own their tank trucks come, fill up their tanks and take it down to the ships for export. Restaurants, grocery shops and little hotels are springing up."
Another scheme the company is involved in is the BNE Dream Trust, which will provide microfinancing and seed capital to help Belizeans realise their business dreams.
So the crude oil in Spanish Lookout has not only made Ms Morrice, a past recipient of the Distinguished Service Award from the American Association of Petroleum Geologists, a lot of money but it has allowed Belize to dream of energy independence and a better future for this poor nation.
The article you posted is 3 weeks old. What makes you think they have not gone through a whole bunch of hoops yet. Maybe you should have done a little more DD before you sold 90% of your shares. Call the company and ask about the progress in Belize. What you find out might surprise you:) GLTY
From Belize News...Princess and Treaty Energy oil and gas exploration area covers 2 million acres
http://www.amandala.com.bz/index.php?id=9810
frdmskr..are you saying you are out? Just checking. If you are out..you will be very sorry, IMHO. Good Luck to You:)
Treaty Energy Reports Progress on Tennessee and Belize Oil and Gas Leases
http://finance.yahoo.com/news/Treaty-Energy-Reports-iw-2219536276.html?x=0&.v=1
Like is an understatement. I LOVE this stock. You should call the company and speak with them. IMHO..this is a .30 stock with just the Tenn. wells alone. When Belize hits..it is all over.
Treaty Energy Reports Progress on Tennessee and Belize Oil and Gas Leases
http://finance.yahoo.com/news/Treaty-Energy-Reports-iw-2219536276.html?x=0&.v=1
Somebody just loaded the boat. 400,000 shares @.0144. Somebody knows something.
Get ready for the news. Those who bailed, will be sorry. TECO is about to take off again.
Picked up some more shares today. IMHO we should receive news regarding well 2 and 3 anytime now:)
Try Rome Oil Development Corp...Lets us know what you find out. I do my DD also.
I just confirmed your DD fmi81..Thanks for clearing up another posters mistake..."You will never find a permit in the name of Treaty. Permits are registered in the name of the operator. " All is going as planned for Treaty.