SOURCE: Treaty Energy Corporation

October 25, 2010 13:29 ET

Treaty Energy Updates Progress on Tennessee Oil Leases

Treaty Is Completing the Acidizing of the Joseph Schwallie #1 Well in Pickett County, Tennessee

HOUSTON, TX--(Marketwire - October 25, 2010) -  Treaty Energy Corporation (OTCBB: TECO), a growth-oriented energy company in the oil and gas industry, today announced that it has successfully performed the acidizing process on its Joseph Schwallie #1 well in Pickett County, Tennessee.

On site during the acidizing process were John Barksdale, President of Treaty Energy, and Gerard Danos, Vice President and COO of the Company. 

Mr. Danos commented as follows about the process and results: "After video logging of the well, which identifies the fractures in the formations, the well was acidized with 1,500 gallons of 18% hydrochloric acid. The zone treated was the Stones River formation at a depth of 1,128 ft. and the well seemed to treat well. The well was shut in for a half hour, and then slowly blew back the spent acid for approximately 2 hours. The well service contractor then began swabbing the well to continue removing the fluid from the well. It was then shut down overnight and then swabbed again the next morning. At this point it was decided to unseat the packer and run the down hole pump and rods into the well."

John Barksdale indicated that he would begin pumping the well late Monday or Tuesday morning using a gasoline motor on the pump until the final electrical service is connected to the well. All the spend acid and residual fluids will be removed from the well prior to knowing the final results of the treatment process.

Gerard Danos commented that he is very optimistic about the future production on the Joseph Schwallie #1 well. Pictures taken at the well site will be posted on www.treatyenergy.com. Additionally, Mr. Danos stated, "Plans are to now proceed to the Robin Moody #1 well to do the same acidizing treatment."

Based on results of these two wells, Mr. Barksdale has picked the first site for a "new" well that will be located near the Joseph Schwallie #1 "re-entry" well. Treaty will continue to post information on these wells and other Treaty operations and acquisitions as its multiple projects move forward.

About Treaty Energy Corporation
Treaty is engaged in the acquisition, development and production of oil and natural gas. Treaty 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 Treaty to develop and produce oil and natural gas with tremendously decreased risk, cost and time involved in traditional exploration. 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.

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