Treaty Energy Corp. (fka TECO)

[tdbowieknife]

Also, as many suspect and it looks like the Belize Government as well, believes Treaty is yanking their chain as they have already classified San Juan 3 as a dry well also.. More delays and they covered themselves for another month. LOL!! 2-3 weeks to make a collar?? What BS. A machinist could likely make that in a day. LOL!

http://estpu.gov.bz/images/GPD/Geophysical/Seismic%20Aeromagnetic%20Surveys%20and%20Wells%20Drilled%20in%20Belize.pdf

As of current information on Thursday, September 19, 2013, the Company is still awaiting a custom collar to be made for the stuck packer in San Juan #3. To provide more information on the situation in Belize, a custom fitted collar must be manufactured to ensure that the well is not damaged. Ordinarily in these situations, a normal collar could be ordered and the packer could be removed using a rig that specializes in packer removal. However, due to the lack of oil and gas infrastructure in Belize, a custom part must be manufactured to be retrofitted to the Company’s equipment in Belize.

This process can take between 2-3 weeks to custom manufacture and the time delay is unavoidable based on the circumstances. The company manufacturing the part stated that it may be an additional 3 weeks for shipping, however the Company sent a representative to Texas to retrieve the part to expedite the process.