Treaty Energy Corp. (fka TECO)

[againstallodds]

Finally, Mr. Reid stated, "I am very pleased with the well as it is which will produce approximately $11,000 per day net of royalties, or more than $4 million per year, at the current level of production."

Mr. Reid added, "Treaty feels that the original estimated levels of production after re-completion were likely underestimated by a considerable amount and will complete that portion of this project once the well can be safely re-entered. Further progress on this well and others to be reworked or newly drilled on our new leases in Shelby County Texas will be released as developments occur."

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