Treaty Energy Corp. (fka TECO)

[bullmarket2222]

TECO UpDate


It's time for a position, or to add if you already have one. Many Catalyst to converge. Plenty of news culminating with Conference Call on February 19.


1. Brown Catalyst

The Browns lease expected to be drilling on Wednesday this week. The wells are expected to come in 50 bpd. We are currently pumping oil on the Browns lease, 20 to 25 bpd off of the old wells as We just switched them back on a few days ago.


2. Mitchell Catalyst

The newly acquired Mitchell lease is set to drill this coming week or beginning Monday of next week. TNC is the driller (Pistol Drilling). I'm told the trucks start rolling out Monday morning from Oklahoma.


This is a major step forward in Treaty drilling. There are many preparations to be made when moving and setting rig like #7. I'd say it's over 20 truckloads to move the rig without the support.

We are looking at many supplies that have to be brought in besides the rig itself. This is major operational undertaking.

There is a 10 man crew that operates this rig and I can't wait to see it in action.

TECO at 1.5 cents will be rolling this week.

This is one rig that's coming over. She's a beauty...

http://www.pistoldrilling.com/Documents/Rig7.pdf

http://www.pistoldrilling.com/Rig7Pic4.html

3. Belize Catalyst

We will be drilling soon in Belize and here is a video showing preparations for the rig to come in. The rig is already in Belize and supplies should arrive in a couple of days. The drilling may commence this week.

X Factor.... A Big Deal for TECO that could happen.

I'm reluctant to even mention a major deal. But it's something to have in our thoughts as it seems TECO management has been working on something that I am not really privy too. The only thing I can give you is this link. It's pure conjecture based on noting concrete as of yet, and no counting beans until a PR is released and we can get a conformation that such deal even exists. We need to get get a close look at " The Deal" if/when anything is ever announced to add any numbers to our current fronts/catalyst.


guysters post....

Happy Holidays TECO longs! I ran across this in doing some DD. Notice the words Malaysia's Petronas . Got my mind jucies flowing.
Fantastic News for Canadian Junior

TECO CFO Malaysian connection....

Quote:NEW ORLEANS, Oct. 19, 2012 /PRNewswire/ -- Treaty Energy Corporation (OTCQB: TECO), (www.treatyenergy.com), a growth-oriented international energy company, announced today the appointment of George W. Warren Jr to Chief Financial Officer (CFO) and Executive Director of the Company, effective October 17, 2012.

George Warren, a Director of Tanjung Offshore, a Malaysia based Company Offering Comprehensive Services to the International Oil, Gas & Energy Industries, was appointed to Treaty Energy's Board of Directors as an Independent Non-Executive Director as of September 1, 2012.

Andrew V. Reid, Chairman of Treaty Energy Corporation, commented, "I am particularly pleased to have George Warren as our Chief Financial Officer. His credentials and experience will prove to be a terrific addition to our leadership team."

Bio for George W. Warren Jr – Chief Financial Officer (CFO) and Executive Director of Treaty Energy Corporation:

George William Warren Jr., 42, was appointed as Chief Financial Officer and Executive Director of Treaty Energy Corporation, effective October 17, 2012. Mr. Warren has served as an Independent Non-Executive Director of the Company since September 1, 2012. He also serves as Independent Non-Executive Director of Tanjung Offshore since August 28, 2007. He holds a Bachelor of Science Degree in Accounting (Graduating with Beta Alpha Psi Accounting Honors) from the Louisiana State University. In 1993, after graduation, he joined Wegmann Dazet & Co., a professional corporation of certified public accountants in New Orleans, LA, where he was both a Senior Auditor and a Forensic Auditor.

In 1997, he was appointed as the Managing Director of BWB Controls, Inc., at Houma, LA, a worldwide manufacturer of pneumatic, hydraulic and electric surface safety equipment engineered specifically for the oil and gas industry. In 2006, he became a Director/Investor in Mezco Fabrication, L.L.C., at Carencro, LA, a manufacturer of precision sheet metal parts utilizing laser cutting technology for the oil and gas industry, a position he continues to hold. He also serves as a member of the AC of Tanjung. For more about Tanjung Offshore, headquartered in Kuala Lumpur, Malaysia, go to: www.tanjungoffshore.com.my/portal/


Mr. Reid concluded, "As Treaty continues to grow, we see George Warren's knowledge and experience in the international offshore oil, gas and energy industries as a wonderful addition to our management team."


PETRONAS , short for Petroliam Nasional Berhad , is a Malaysian oil and gas company that was founded on August 17, 1974. Wholly owned by the Government of Malaysia, the corporation is vested with the entire oil and gas resources in Malaysia and is entrusted with the responsibility of developing and adding value to these resources. PETRONAS is ranked among Fortune Global 500 's largest corporations in the world. Fortune ranks PETRONAS as the 95th largest company in the world in 2008 and 80th largest in 2009. It also ranks PETRONAS as the 13th most profitable company in the world and the most profitable in Asia. [ 1 ] [ 2 ] [ 3 ]

Since its incorporation, PETRONAS has grown to be an integrated international oil and gas company with business interests in 35 countries. As of the end of March 2005, the PETRONAS Group comprised 103 wholly owned subsidiaries, 19 partly owned outfits and 57 associated companies. Together, these companies make the PETRONAS Group, which is involved in various oil and gas based activities. The Financial Times has identified PETRONAS as one of the " new seven sisters ": [ 4 ] the most influential and mainly state-owned national oil and gas companies from countries outside the OECD .

The group is engaged in a wide spectrum of petroleum activities, including upstream exploration and production of oil and gas to downstream oil refining ; marketing and distribution of petroleum products ; trading; gas processing and liquefaction ; gas transmission pipeline network operations; marketing of liquefied natural gas ; petrochemical manufacturing and marketing; shipping; automotive engineering ; and property investment.

Petronas provides a substantial source of income for the Malaysian government, with 45% of the government's budget dependent on Petronas' dividend, moreover in 2011 government actual balance has 5 percent deficit of Gross Domestic Product . [ 5 ]

The company is headquartered at the Petronas Twin Towers which was officially opened on Malaysia's 42nd National Day, August 31, 1998 - in the Corporation's 24th Anniversary year.

http://en.wikipedia.org/wiki/Petronas_Towers


BULL