Smack Down Penny Stocks!

[bullmarket2222]

TECO is another penny we have a ton of...OIL

Date : 09/13/2011 @ 8:23AM
Source : PR Newswire
Stock : Treaty Energy Corp (QB) (TECO)
Quote : 0.0355 0.0 (0.00%) @ 7:53AM

Treaty Energy Corporation (OTCQB: TECO), a growth-oriented energy company in the oil and gas industry, today reported updates on the Treaty Belize Energy Oil & Gas project in Belize, Central America.

Treaty Energy CEO, Andrew V. Reid, reported that the ship carrying Treaty equipment on board left the port of Mobile, Alabama for Belize on September 11th, with expected arrival in the port of Belize between September 16th and 19th.

The equipment destined to be a part of the Belize oil drilling project included the following:

Ford F250 Super Duty Crew Cab 4WD Pickup
Jeep Grand Cherokee
4,200 Feet of Drill Pipe
Four Crates (4' x 4') of Drilling Materials
Two Detroit Diesel 6-71 Engines
One 8' x 24' Fuel Tank

Additionally, the following equipment is being trucked from Texas to Independence City, Belize

Drilling Collars
Drill Bits – One each - 16 ", 11", and 7 7/8"
Jolly Graph
Blow Out Preventer
Extra Hydraulic Fluid
C-350 Mud Pump along with Pump liners, seats, swabs, etc.
Vibrator Hose
Mud Hopper
Mud Hoses
Pop off Mud Pump
Mud Gauge
Suction Hoses
Hammer Unions
Rod Oiler
120" Link Belt
Stud & Nut Replacements
Pit Liners
Casing: 13 3/8 – 80'; 8 5/8 – 360'; 4 ½ - 2000'
Sample Bags
Vis Cup
Weight Buckets
Air Hose – 500'
Drilling Mud, Soda Ash, Caustic
Cement
Diesel Generator

In order to meet the planned drilling date in September the decision was made to truck various items so as to have them arrive at Independence City approximately the same time as the ship arrives in the port of Belize.

An additional shipment by sea will depart Mobile about September 23–25, and will have the Completion (work-over) Rig and Chevy 250 Crew Cab truck on board. The Completion rig will not be needed immediately and not hold up the drilling process, but will be in Belize for the completion portion of the first two wells.

The Treaty drilling crew will arrive in Belize to start drilling wells #1 and #2 on or about September 25-26. The primary drilling rig is being moved onto well site #1 this week and being properly positioned prior to the arrival of the Treaty drilling personnel.

Additionally, Treaty Belize Energy is in the process of establishing at least eight additional drilling sites near well sites #1 and #2 that upon approval by the proper Belizean authorities will be drilled successively one after another.

Mr. Reid added, "We are distinctly pleased with the progress being made by our people on both the Belize and Texas projects, and will report on further progress as it unfolds."

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: [e-mail]

SOURCE Treaty Energy Corporation