Replies to post #47771 on Treaty Energy Corp. (fka TECO)

[bullmarket2222]

I'm more here...

In Texas the Company has secured a funding commitment of $2,100,000 to drill an additional 20 wells once the McComas –A- 20 well is placed into production. We expect to be in full production, as well as have BOPD results in the next 2 weeks. We are in the process of permitting at least 2 additional wells on the McComas lease and will begin drilling immediately once permits are approved. We estimate that we will be able to place the additional 2 wells into production during the first quarter of 2013.

12 Well Drilling Program

Treaty's 12 well shallow drilling program is on schedule to begin the week of December 3rd with the first two permitted wells. Drilling and completion is projected to take 7-10 days from the Spuding of the first well. Once completed, we will begin the process of permitting the remaining 10 well in this project.

We plan to commence the drilling of the first 2 shallow Wooldridge wells, which are already permitted, the week of December 1st, 2012. Once the first two wells are placed into production the remaining financing will be available and we will begin the process of permitting and drilling the remaining 10 wells in the project. We expect this project to be fully completed in early 2013, and add an estimated 100 BOPD in production.

[geopressure]

The Madeley Well is not a candidate for fracking... you don't frack permeable sands...