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Project Status Update for February 27, 2013
Treaty Energy Corporation Provides Status Updates for the Brown Lease and San Juan #3 Exploratory Well
In a further effort to further improve investor relations, Treaty Energy Corporation would like to give a general status update regarding exploratory operations in Belize and ongoing drilling operations in Texas on the Brown lease.
The Brown lease is on track to meet internal timeline projections. Treaty Energy Corporation started drilling on the lease a day early. The early drilling time allowed TECO's local drilling partners to get pass the hard rock sediment layer, putting the drill on schedule.
TECO received word on Tuesday evening that the well was drilled to 1150 feet. Shortly after the well was drilled, casing and cementing was completed. TECO will begin to perforate the zone as soon as the cement has dried. Once completed and equipment is installed, TECO will monitor the well for two-three weeks as per new company protocols.
Treaty Energy Corporation's exploratory San Juan #3 well drill is currently on schedule with internal timelines. The final load of equipment passed through Belize customs earlier this week and arrived on site. Casing, drilling mud, and piping were delivered from Texas on on schedule. TECO's onsite Belize crew unloaded all the necessary drilling equipment and final site preparations were completed.
TECO anticipates to have the drilling sub-structure on site today, February 27, 2013. The sub-structure will be put in place tomorrow morning. TECO fully anticipates to begin drilling shortly after, once the final go ahead has been given from field operations in Belize and the rig has been put into its final position.
To view video footage of the final site preparations, please visit our YouTube channel.
AI
