With a prior commitment for funding the drilling of 5 wells on existing leases in Texas, Treaty Energy Corporation has decided to extend the fund to the full 9 well drilling program.
“Treaty Energy Corporation completed the funding for their 9-well drilling program on existing leaseholds. The total amount of this project, which has now been fully funded is $1,450,000,” said Treaty CEO Bruce Gwyn. “The first 5 of 9-well program had previously been secured and the same investor group came back to complete the funding for the entire program. These 9-wells will be drilled to depths of 2,600 ft. with expected oil production flow rates of up to 100 BOPD per well. Now both the 9-well and 12-well programs are completely funded.”
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