Treaty's Captive Drilling Organisation is Phase toward Vertical Integration of the Corporation
NEW ORLEANS, June one, 2011 /PRNewswire/ -- Treaty Vitality Corporation (OTCQB: TECO), a expansion-oriented power business in the oil and fuel community, at this time declared that it has acquired a Drilling Rig for its Belize oil project.
Andrew V. Reid, Chairman & CEO of Treaty Electricity Corporation, stated, "Treaty Power has crafted a closing conclusion to drill the wells on the Belize concession by using our individual Texas-centered drilling organization, Treaty Vitality Drilling, LLC."
Mr. Reid additional, "Upon doing the determination to expand our individual drilling organisation and keep the drilling system in-residence, we obtained a Schramm 450 Drilling Rig on a Chevrolet Flat Bed Diesel AWD platform, with a Sullair Drilling Compressor. This rig is able of drilling to 4000 ft depth and therefore is suited to the endeavor of drilling all of the nicely webpages that are presently in our Belize drilling system."
Treaty technicians and geologists expressed their thoughts that primarily based on findings an "air drilling" rig would be more suitable suited to the locations that are to be labored as for every the drilling program. The Schramm Rig is able of drilling with air or mud, and thus presents the versatility to drill with possibly methodology if confronted with on web-site problem variations.
The Schramm Rig was obtained in Troy, Alabama and has been shipped to a Rig Support Middle in Glenwood, Alabama for inspection and upgrades as wanted, prior to June shipment to Belize.
Treaty Power is in the approach of acquiring a complete complement of help devices so as to be self ample and have finish oversight of high-quality command whereas drilling in Belize. These other components will be introduced as the acquisitions are finished, most of which are in days of finalization.
In closing, Mr. Reid stated, "I am quite fired up that the Treaty board has used an aggressive stance and produced possible the acquisition of the Schramm Drilling Rig and the complete complement of assistance equipment. Developing Treaty Power Drilling, LLC, our personal drilling business, is a important move towards vertical integration of our oil and fuel small business."
About Treaty Energy Corporation
Treaty is engaged in the acquisition, improvement and creation of oil and pure fuel. Treaty acquires and develops oil and gasoline leases which have "tested but undeveloped reserves" at the time of acquisition. These qualities are not strategic to substantial exploration-oriented oil and fuel enterprises. This strategy will allow Treaty to grow and manufacture oil and natural gas with tremendously decreased chance, charge and time involved in conventional exploration. For a lot more important information go to: www.treatyenergy.com
Ahead-Trying Statements:
Statements herein express management's beliefs and expectations in relation to long run performance and are ahead-searching and entail challenges and uncertainties, as well as, but not limited to, raising doing work money and securing other financing responding to levels of competition and rapidly modifying solutions and other hazards. These pitfalls are detailed in the Company's filings with the Securities and Exchange Commission, among them Forms 10-KSB, ten-QSB and 8-K. Real final results may likely differ materially from these forward-hunting statements.
Make contact with: Osprey Partners Tel: 732-292-0982 Fax: 732-528-9065 investors@treatyenergy.com
Resource Treaty Vitality Corporation
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