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Wednesday, 05/09/2012 9:21:57 AM

Wednesday, May 09, 2012 9:21:57 AM

Post# of 116863
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Here is a copy of the field report for the Schramm rig repairs. (See attached).

Summary:

The Schramm repair technician arrived in Belize on Friday afternoon. We drove down to Independence that evening and began work on the repairs on Saturday morning. By late Saturday afternoon, we had the check valves and both rotation motors replaced. We started the rig motor that evening and began an entire system check. The mast was raised and system pressure tests were performed. We continued the tests, drilling with an auger bit while monitoring the rotation and feed pressures. As of this morning, the rig is fully functional, and most of the tests have been completed. The Treaty Drilling rig crew was trained on operations of the Schramm T-685 Drilling rig, and is now prepared to use the new rig on future wells. We now plan to install new fittings for our mud pump, and other accessories to increase safety while handling drill pipes.


We are very excited to have this rig ready to drill, and look forward to resuming our drilling program with the capabilities of the Schramm T-685 rig.

Thanks
Max


Field report: www.treatyenergy.com/files/rigrework.pdf

SCHRAMM RIG REPAIR
May 4 – May 9, 2012


Day 1:


1:00- PM: Parts cleared Belize Customs; Being delivered to the Princess Hotel

2:45- PM: Met Keith Kunz at BelizeAirport. Drove back to Princess Hotel – wait for rig repair parts to arrive.

5:10- Rig parts arrived at Princess Hotel. Performed visual check on parts - Loaded parts and began drive to Independence with Keith and Kilone. Stopped in Belmopan for dinner and fuel.

9:30- Arrived in Independence and checked into Hotel Hello.
Day 2:


8:00- Picked up Kilone and Biliken and go for breakfast at Rosa’s Café.

9:00- Drove out to location and began work on repairs. Keith took pictures of defective valve areas showing hydraulic plumbing. Replaced check valves. Cut off 4-1/2 drill pipe attached to drive head. Started rig and raised mast. Lowered drive heads.

12:30 Lunch.

1:30- Began work on replacing two rotation motors.

5:00- Both rotation motors replaced.

5:30- Arrived back at hotel.

Day 3:


8:00- Picked up Kilone and Biliken- drove out to location. Jumped start rig with truck battery. Checked for leaks, tested rotation pressure. Broke off remaining 4-1/2 drill pipe. Hooked up auger bit, tested rotation and feed. Everything tested OK. Left location at 12:00 – drove to Placencia for sightseeing and lunch.

5:30: Checked Wayne into Hotel Hello.
Day 4:


8:00 – planning review session with Wayne and Keith. Called Guy Garlick at Hardwick Machinery – discussed progress and additional parts and accessories needed to drill.

9:00 Met with Keon and rig crew at Rosa’s Café for breakfast and planning review session.

9:45 – Arrived at location. Performed quick training session with rig crew. Replaced Murphy safety switch – test safety cutoff systems. Test air compressor system. Laid mast down, checked head slide plates – noted excessive wear and need to replace.

12:30 Lunch and looked at housing for rent. Met with landlady and negotiated rental terms.

1:30: Back at location. Performed further review and tests. Connected grease hoses. Reviewed mud pump plumbing requirements.

4:30: Final review and training sessions.

6:00: left location, purchased battery for rig.







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Osprey Partners
Investor Relations

Our telephone:
Tel: 732 292 0982
Fax: 732-528-9065

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