SOURCE: Treaty Energy Corporation

August 04, 2009 11:38 ET

Treaty Energy Corporation Updates Shareholders on Acquisition of Oil & Gas Lease in Brown County, Texas

This Brown County Lease Includes 113 Acres With Two Producing Wells and up to Seven "PUDS" -- Closing Will Be Within 7 to 14 Days

ABILENE, TX--(Marketwire - August 4, 2009) - Treaty Energy Corporation (OTCBB: TECO) today announced that closing documents are being prepared for the acquisition of the 113 acre Baker lease in Brown County, Texas.

Treaty Energy is expecting to purchase the Baker lease and all equipment above and down hole from West Texas Royalties of Plainview, Texas. Final closing of this acquisition will be within 7 to 14 days according to attorney Brent Hamilton, who is preparing the closing documents.

West Texas Royalties will be the operator on this lease and will begin efforts to start up production immediately after closing. Initial efforts will include installation of a new tank battery and water separation and storage tanks.

Treaty Energy will keep updating our shareholders and the investment community on progress of this acquisition.

About Treaty Energy Corporation

Treaty is engaged in the acquisition, development and production of oil and natural gas, primarily in the West Texas Permian Basin, but may expand this scope if suitable opportunities come to Treaty's attention. Treaty acquires and develops petroleum productive properties, many of which have "proven but undeveloped reserves" at the time of acquisition, that are economically beneficial and fit well into Treaty's program, but not strategic to large exploration-oriented oil and gas companies. This strategy provides Treaty with the proven assets to develop and produce oil and natural gas with tremendously decreased risk, cost and time involved in traditional exploration. Treaty's headquarters are located in Abilene, Texas. For more information go to: 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