SOURCE: Treaty Energy Corporation

September 03, 2010 09:59 ET

Treaty Energy Updates Shareholders on Progress

Company Appoints John Barksdale to President -- Comments on Belize, Kansas, Tennessee and Other Oil and Gas Projects

HOUSTON, TX--(Marketwire - September 3, 2010) -  Treaty Energy Corporation (OTCBB: TECO), a growth-oriented energy company in the oil and gas industry, today reported progress on multiple aspects of its oil and gas projects.

Andrew Reid, CEO of Treaty Energy Corporation, announced the appointment of John Barksdale to the position of President of Treaty Energy. His duties will be to oversee oil and gas exploration and operations worldwide. 

Mr. Barksdale has over 35 years of experience in oil and gas exploration in the United States and other countries. He graduated from the University of Kentucky in 1968 and joined the US Navy. Upon leaving the Navy in 1974 he went to work in the oil and gas business and has worked on more than 1000 wells. His experience is wide and includes geology, 3d seismic analysis, well drilling site selection, drilling rig operation, reserve studies, log reading, production operations, environmental well management, working over and drilling wells.

Andrew Reid commented, "I am extremely pleased with John's decision to join the Treaty team at this time. John brings an enormous amount of exploration and production experience that Treaty needs in order to continue to be successful in the future."

Treaty reminds its shareholders that it has several domestic opportunities, including five leases in Pickett County Tennessee on which it has so far drilled and struck oil in its first three wells (more information to come) and a large acquisition in Kansas that includes 57 leases and over 660 wells that are currently producing over 135 BBLS per day. The Kansas acquisition is under a JOA (joint operation agreement) but will not show on the Treaty financials until final closing takes place later this year. At that time Treaty will book its portion of production under the JOA.

Additionally, Treaty has a Joint Venture with Princess Petroleum Limited in the country of Belize. The JV partners are rapidly moving forward to developing this asset. Treaty also is pursuing opportunities in several other Latin American countries which will be dealt with in future news releases.

Treaty Energy's new corporate leadership structure is as follows:

Andrew Reid - Chairman and CEO; John Barksdale - President; Gerard Danos - Vice President and COO; Randall Newton - Corporate Controller

The Company's Board of Directors is as follows:

Andrew Reid - Chairman; Gerard Danos; Dan Olson; Paul L. Fourt, Jr; and Randall Newton.

Andrew Reid, Chairman and CEO of Treaty Energy, stated, "As we continue to grow and evolve into an ever stronger member of the oil and gas industry, I am proud of the Treaty team of professionals that are working together to make it all happen. Our shareholders will be the major beneficiaries of our success!"

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. Treaty's headquarters is located in Houston, 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.

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