Wednesday, May 04, 2011 10:25:27 AM
HOUSTON, May 04, 2011 (PR Newswire Europe via COMTEX) -- Treaty Energy
Corporation (OTCQB: TECO), a growth-oriented energy company in the oil and gas
industry, announced on April 1st they purchased C&C Petroleum Management LLC, an
oil and gas company with properties in the Fertile Texas 7B Oil District.
Stephen L. York, Treaty's Vice President, today announced that C&C Petroleum has
received from the Railroad Commission of Texas an active operators number
120104. (The RRC indicated that it would be a few days before this operators
number would be posted to its public access website.) Receiving this operators
number allows for the following.
1) C&C Petroleum Management will now officially become the functional operator
on all wells of the recently purchased leases in Texas.
2) Treaty Energy Corporation, through subsidiary C&C Petroleum, is now allowed
by law to sell its current and all future oil production. Contractual agreements
with the pickup company and oil transporters are currently being put in place.
3) This operators number allows Treaty's subsidiary, C&C Petroleum, to control
and operate 99 wells without additional bonding.
4) Treaty's subsidiary, C&C Petroleum, now enlists all the rights and privileges
provided by the Railroad Commission of Texas equal to all oil companies
currently in operation in the State of Texas.
Treaty CEO, Andrew V. Reid, stated, "I am excited to have obtained our new
operators number. This was a crucial step in our planned growth of Treaty Energy
in the State of Texas."
Mr. Reid further stated, "Our vision for Treaty in Texas is to restore the
dozens of wells owned by Treaty on the newly purchased leases, maximize their
production and to immediately implement a drilling program for the 75 plus new
well sites on the latest two acquisitions and the lease acquisition that will
close on June 7th."
Additionally Mr. Reid stated, "It is very important for Treaty shareholders to
understand that we are building a multi-dimensional oil and gas company through
our investments in Belize, Texas, Kansas and other unique and potentially
rewarding locations. We believe it's very important to have more than one profit
center and to seek maximum return on investments with the least risk to the
company and, in doing so, to maximize shareholder value."
About Treaty Energy Corporation
Treaty 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. For more
information go to: www.treatyenergy.com
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:Osprey PartnersTel: 732-292-0982Fax:
732-528-9065investors@treatyenergy.com
URL: Web site: http://www.treatyenergy.com/
Copyright (C) 2011 PR Newswire Europe
-0-
SUBJECT CODE: TNM
Topic
OTC
UTI
Topic
OIL
Topic
GAS
Texas
Corporation (OTCQB: TECO), a growth-oriented energy company in the oil and gas
industry, announced on April 1st they purchased C&C Petroleum Management LLC, an
oil and gas company with properties in the Fertile Texas 7B Oil District.
Stephen L. York, Treaty's Vice President, today announced that C&C Petroleum has
received from the Railroad Commission of Texas an active operators number
120104. (The RRC indicated that it would be a few days before this operators
number would be posted to its public access website.) Receiving this operators
number allows for the following.
1) C&C Petroleum Management will now officially become the functional operator
on all wells of the recently purchased leases in Texas.
2) Treaty Energy Corporation, through subsidiary C&C Petroleum, is now allowed
by law to sell its current and all future oil production. Contractual agreements
with the pickup company and oil transporters are currently being put in place.
3) This operators number allows Treaty's subsidiary, C&C Petroleum, to control
and operate 99 wells without additional bonding.
4) Treaty's subsidiary, C&C Petroleum, now enlists all the rights and privileges
provided by the Railroad Commission of Texas equal to all oil companies
currently in operation in the State of Texas.
Treaty CEO, Andrew V. Reid, stated, "I am excited to have obtained our new
operators number. This was a crucial step in our planned growth of Treaty Energy
in the State of Texas."
Mr. Reid further stated, "Our vision for Treaty in Texas is to restore the
dozens of wells owned by Treaty on the newly purchased leases, maximize their
production and to immediately implement a drilling program for the 75 plus new
well sites on the latest two acquisitions and the lease acquisition that will
close on June 7th."
Additionally Mr. Reid stated, "It is very important for Treaty shareholders to
understand that we are building a multi-dimensional oil and gas company through
our investments in Belize, Texas, Kansas and other unique and potentially
rewarding locations. We believe it's very important to have more than one profit
center and to seek maximum return on investments with the least risk to the
company and, in doing so, to maximize shareholder value."
About Treaty Energy Corporation
Treaty 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. For more
information go to: www.treatyenergy.com
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:Osprey PartnersTel: 732-292-0982Fax:
732-528-9065investors@treatyenergy.com
URL: Web site: http://www.treatyenergy.com/
Copyright (C) 2011 PR Newswire Europe
-0-
SUBJECT CODE: TNM
Topic
OTC
UTI
Topic
OIL
Topic
GAS
Texas
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