Summary of Treaty Energy Corporation Activity in Belize
See below that I have compiled. These are just facts.
Hope it is useful for you. Let me know if I have anything wrong.
Date Activity
20/04/2010 Option Ageement Signed with Princess Petroleum in Panama
27/06/2010 RSS Contracted for Geology and Surveys
15/11/2010 RSS and Treaty identify 5 possible locations to drill
17/03/2011 Treaty Tender for Drilling Contractors
09/05/2011 Treaty Energy Belize Formed and Legal Filings Completed
11/05/2011 Treaty Energy Drilling LLC Formed in Texas
18/05/2011 Treaty Energy Belize CEO and Board Members Appointed
07/06/2011 Treaty Purchases Drilling Rig for Belize (Schramm 450 Drilling Rig on a Chevrolet Flat Bed Diesel AWD platform, with a Sullair Drilling Compressor)
23/06/2011 Another rig and more euipment purchased for Belize
06/07/2011 Equipment mobilised to Mobile Alabama for shipment to Belize
12/07/2011 More equipment added to planned shipment
18/07/2011 GoB request EIA
28/07/2011 Drilling rig and other equipment arrive in Belize
29/07/2011 GoB request ECP prepared and Treaty will survey first drill site
18/08/2011 Treaty Energy Corporation and James P. LaRose Companies Announce the Establishment of the BELIZEAN NATIONAL LEADERSHIP FUND
30/08/2011 Lease agreement signed, GoB DoE approval for forst two wells and site access work begins
13/09/2011 Treaty announce plan for drill crew to arrive in Belize on 25-26th September and another shipment on way to arrive 16-19th September
14/09/2011 Press Conference at Matalon Centre to launch BELIZEAN NATIONAL LEADERSHIP FUND
15/09/2011 Treaty purchased Paradise concession from Kimano Barrow and Alfredo Acosta for cash and Treaty shares
04/10/2011 Treaty changes specification of drilling and support equipment due to rain in Belize. Anticiapte drilling crew to return week of 10th October
18/10/2011 Drilling crew is onsite and in the final stages of preparation
25/10/2011 Treaty Announce that drilling is underway in Belize and surface casing has been run and cemented
31/10/2011 Oil Seeps reported at Belize wellsite
10/11/2011 Drilling waiting on shipment of additional material (Failing Drilling Rig mounted on Chevy chassis, Wichtex Drilling Rig mounted on Ford chassis, 32ft Pipe Trailer, John Deere Generator, Blowout Preventer, over 2,000 feet of pipe)
14/11/2011 Additional equipment in Belize clearing customs
30/11/2011 Treaty Quarterly meeting with GoB. During the meeting, operations were suspended and the drilling team returned to USA for a break
24/01/2012 The initial casing (8 5/8 inch) was set and cemented. Once the cement was properly cured and inspected by government officials permission was then given to drill to depth on the well.
25/01/2012 1) Drilling continues this morning running at a rate 40-60 Feet per hour. 2) Mud Log indicates Natural Gas Show between 400ft & 500Ft.
30/01/2012 Treaty' announce they Struck Oil on their First Well on the Princess Concession in Belize on Friday, January 27th, at about 4:30 PM-CT - This 1st Well, SAN JUAN #2, will be Completed and Put into Production Following Review by Belizean Regulatory Officials
31/01/2012 Treaty announces plans to Extend its Drilling Program to Two New Oil Fields, Both of which are Substantially Larger than the Stann Creek Field, the Site of its First Successful Well in Belize
02/02/2012 Belize’s Director of Geology and Petroleum, Andre Cho, indicated to Amandala that the statements by Treaty Energy Corporation, proclaiming an oil find associated with a 6-million-barrel reserve in Stann Creek are “misleading” and "there was no evidence of live oil"
02/02/2012 Treaty announced it has Further Reviewed its Finding and Confirms its Discovery of Oil on the Stann Creek Field in Southern Belize
09/03/2012 Treaty Energy Corporation Sign MOU with Princess Petroleum Ltd regarding a 50/50 Joint Venture on the Paradise Concession owned by Treaty Energy Corporation.
22/02/2012 Letter from the Princess Petroleum, Ltd Executive Director, Hamdi Karagozoglu, to Belize Geology and Petroleum Department updating the status of the SAN JUAN #2 and SAN JUAN #1 wells
01/03/2012 4% interest in Treaty Energy Belize and options for a further 6% and 15% of Paradise concession sold to All Energy Corporation
13/03/2012 Treaty Energy acquired a 'Wireline Logging Truck'. Max Mohamed of RedRock Exploration, Inc. has been retained by Treaty Energy to take responsibility for oversight of all Belizean operations
10/05/2012 Treaty report that Schramm Drilling Rig Rework in Belize? has been completed and test holes have been drilled
05/07/2012 Treaty announce plans to Contract Major Oil Field Services Providers (Schlumberger and Tucker Wireline Services) to Expedite its Belize Program
05/07/2011 Work Starts on second drill site in Belize
06/07/2012 The San Juan #2 well was cased and cemented.
09/07/2012 Meeting with GoB who are in agreement that the log shows three zones of interest, one each at 500 ft, 850 ft and 1200 ft. Based on these findings the GOB has given permission to perforate, acidize, and test the well for production.
12/08/2012 San Juan #1 (second well) spudded and surface casing set
05/09/2012 The San Juan #1 well was drilled to a total depth of 2,260 ft
06/09/2012 Open Hole Electric logs were run on the well the next day. Upon analysis of the well log data it was determined that there are multiple 'zones of interest' in San Juan #1 at similar intervals to the San Juan #2 well.
09/09/2012 San Juan #1 was cased (and cementing is expected to commence on Tuesday, September 11th). Preparations are currently under way to perforate, acidize, and test both San Juan #1 and San Juan #2 wells for production.
[Note dates are in Belize format dd/mm/yyyy]
