Treaty Energy & Princess Petroleum Enter Into Joint Venture Agreement

Reproduction
Thu, Apr 22, 2010

Gas Company News
Post by Mike Rodger, Gas Reporter

Treaty Energy Corporation (OTCBB: TECO), a growth-oriented energy company in the oil and gas industry, reported that the company has entered into a 50\50 Joint Venture Agreement with Princess Petroleum Limited, a Belize company that is engaged in the business of exploration, development and production of crude oil and natural gas.

The press release is quoted as saying:

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.

Click here to access the entire press release

Click here to access Treaty Energy Corporate Site

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A Johnston

Shaw River Resources making all the right moves. On track for production in early 2012 with tremendous upside for shareholders. Healthy manganese portfolio, proactive explorers and strong management team. An attractive proposition ticking all the right boxes. DYOR.

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