SOURCE: Treaty Energy Corporation

November 11, 2009 08:30 ET

Treaty Energy Targets $12 Billion in Oil & Gas Opportunities

HOUSTON, TX--(Marketwire - November 11, 2009) - Treaty Energy Corporation (OTCBB: TECO), a growth-oriented energy company in the oil and gas industry, released today a letter from its President, Joe Grace, to update its shareholders and the investment community on the progress of the company.

To our Shareholders and other interested parties:

I want to take this opportunity to extend a Texas "howdy" to everyone. Since my arrival at Treaty Energy a few weeks ago, we have developed a comprehensive business plan that we believe will enhance shareholder value and, just as important, will retain the interest of our shareholders for several years.

In our previous press release of October 29th, I mentioned that more announcements would soon be forthcoming, and I'd now like to clarify that comment. Presently, we have initiated preliminary due diligence for eight programs that include locations in Kansas, Louisiana, Tennessee, Oklahoma, Texas, California, Illinois and Indiana, as well as one international opportunity located in Central America.

At first blush, all of these opportunities appear to be exceptionally good for Treaty Energy. However, as with any new business opportunity, we must first complete preliminary due diligence.

Keeping this in mind, and as part of our policy of corporate transparency, we have determined that if all of the above programs could be completed, the collective reserves would include approximately $7 - $9 billion in oil reserves and over 1 trillion cubic feet of natural gas reserves that would be valued at about $4 billion in today's market.

Certainly these are large numbers, but I would be remiss if I didn't also disclose that we are looking for additional opportunities, including an oil refinery.

The holiday season is fast approaching and I hope each of you has a Happy Thanksgiving. Please stay tuned for more TECO announcements.

Joe Grace, President
Treaty Energy Corporation

About Treaty Energy Corporation

Treaty Energy (TECO) is engaged in the acquisition, development and production of oil and natural gas. TECO acquires and develops oil and gas leases which have "proven but undeveloped reserves" at the time of acquisition. These properties are not strategic to large exploration-oriented oil and gas companies. This strategy allows TECO to develop and produce oil and natural gas with tremendously decreased risk, cost and time involved in traditional exploration. TECO's headquarters are located in Houston, Texas. For more information, please visit our website at: www.treatyenergy.com

Forward-Looking Statements:

Statements herein express management's beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, raising working capital and securing other financing; responding to competition and rapidly changing technology; and other risks. These risks are detailed in the company's filings with the Securities and Exchange Commission, including Forms SB-2, 10-KSB, 10-QSB and 8-K. Actual results may differ materially from such forward-looking statements.

Contact Information

  • Contact:
    Osprey Partners
    Tel: 732-292-0982
    Fax: 732-528-9065
    investors@treatyenergy.com

    Investor Relations:
    Equiti-trend Advisors LLC
    (800) 953-3350 toll-free
    (858) 436-3350 local