News is out but I can not post it now. Please post it.
Skip to Main Content. Search Fidelity.com: Press up or down arrows for suggestions. Press Escape to return to the Search field. Customer ServiceOpen an AccountLog Out Tuesday, July 19, 2011Main Navigation:Most Main navigation links display sub menus. The Guidance and Retirement link takes you to the Guidance and Retirement Overview.Accounts & Trade Portfolio Account Positions Trade Transfer Money/Shares BillPay Update Accounts/Features Statements Full View
Employer Benefits
News & Insights News Insights Fidelity Investor's Publications
Research Overview Watch List Alerts Quotes Markets & Sectors Stocks Options ETFs Mutual Funds Fixed Income IPOs Annuities
Guidance & RetirementInvestment Products Overview Mutual Funds ETFs Trading Fixed Income & Bonds Cash Management 529s Annuities Insurance Retirement & IRA Managed Accounts
Content and data provided by various third parties and Fidelity - Terms of Use
Research >Stocks >News & Events >
Stock Details
Enter Company or Symbol. Press down arrow for suggestions, or Escape to return to entry field.
View this information for the company or symbol Snapshot Detailed Quote Advanced Chart News & Events Compare Analyst Opinions Research Reports Key Statistics Earnings & Dividends Ownership & Insiders Financial Statements Technical Analysis SEC Filings View this information for the company or symbol Snapshot Detailed Quote Advanced Chart News Analyst Reports
Find Symbol. Opens in new window.Snapshot
Detailed Quote
Advanced Chart News & Events
Compare
Analyst Opinions
Research Reports
Key Statistics
Earnings & Dividends
Ownership & Insiders
Financial Statements
Technical Analysis SEC Filings
OTHER STOCK RESEARCH
Stock Research Overview
Stock Screeners
Explore Research Firms
Watch Lists DJIA: 12,496.91 +111.75 (0.90%) | NASDAQ: 2,801.50 +36.39 (1.32%) | S&P 500: 1,316.42 +10.98 (0.84%) —Markets close in 6 hrs 25 mins
Print Format Change Text Size:
Default text sizeA Larger text sizeA Largest text sizeA
Treaty Energy Reports Status of Aeromagnetic Survey of Belize ConcessionBY PR Newswire
— 9:30 AM ET 07/19/2011
NEW ORLEANS, July 19, 2011 /PRNewswire/ -- Treaty Energy Corporation (TECO
Loading...
) , a growth-oriented energy company in the oil and gas industry, today reported it has completed the purchase of the Murphy Moose Aircraft that will be sent to Belize to accelerate exploration of the 200,000 acre on-land portion of the 2 million acre Princess Petroleum Concession.
Andrew V. Reid, Chairman and CEO of Treaty Energy Corporation (TECO
Loading...
), stated, "In addition to the Murphy Moose purchase, the drilling equipment is now in transit to Belize by sea out of the port of Mobile, Alabama, and is on schedule to arrive in Belize about the 24/25 of July. Additional equipment will be sent to Belize on the next available ship from Mobile. This added equipment will provide Treaty Belize Energy Ltd, our operating unit in Belize, with a smaller work over rig to more quickly complete the wells, while allowing the much larger drilling rig to move on to the next well site, and thus advance the completion of the eight currently approved drill sites."
Mr. Reid added, "Now that the eight well sites have been approved by the Belizean government and we own the necessary drilling equipment that is required to continue expansion of the Belize project, it is necessary and appropriate for us to locate additional well sites for development. The Murphy Moose will add low level aeromagnetic survey capabilities to our set of tools to identify additional high probability drilling locations, and will thus expedite our efforts and complement all other location methods previously used by the Treaty team."
Mr. Reid added further, "We are expecting to locate many more well sites on the 200,000 on-land portion of the Princess concession prior to any consideration being given to exploring the 1,800,000 acre off-shore portion of the Princess concession. Our stakeholders should anticipate regular updates on our progress in Belize as things are moving rapidly on this project."
About Treaty Energy Corporation (TECO
Loading...
)
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 Partners
Tel: 732-292-0982
Fax: 732-528-9065
investors@treatyenergy.com
SOURCE Treaty Energy Corporation (TECO
Loading...
)
More TECO News
Treaty Energy Announces Recent Developments and Activities in Belize
PR Newswire - 9:30 AM ET 07/18/2011
Treaty Energy Adds to Belize Equipment
PR Newswire - 9:30 AM ET 07/12/2011
Treaty Energy Completes Acquisition in Texas and Kansas
PR Newswire - 9:30 AM ET 07/08/2011
Copyright 1998–2011 FMR LLC.
All rights reserved.
Terms of Use|Privacy|Security|Site Map
AI
