Treaty Updates Belize Operations

- Treaty Updates Belize Operations

Tuesday, August 30, 2011
Treaty Energy Corporation

Treaty Energy Corporation, a growth-oriented energy company in the oil and gas industry, today reported on its continued progress on the Belize project.

Treaty Energy is pleased to provide the following updates on projects that the Company is working on in Belize.

1) The surface lease agreement has been signed in partnership with one of the largest landowners in Belize, which covers a significant percentage of the 200,000 acre land portion of the concession.

2) The environmental approval for drilling of the two initial wells has been signed by Mr. Martin Alegria, Director of the Belize Ministry of the Environment and on file.

3) The passage way through a stream/ditch has been completed and pictures have been posted to Treaty Energy's Website, Twitter and Facebook sites. Continue to look for company updates, news and pictures on these sites

4) A roadway has been cut and cleared to the first drilling site and the well pad prepared.

5) All equipment cleared customs after approximately three weeks of paperwork and relocated to a secure site until our permanent 10 acre compound is ready to accept the equipment and become our established staging location near the Town of Independence. This Compound will include staff lodging; in addition, all buildings are being constructed by local craftsman at a very reasonable rate.

6) Mr. Keon Garbutt, a Belizean citizen, has been hired as Project Manager of the drilling operations in Belize for Treaty Belize Energy, Ltd.

7) Brian Luczywo has been promoted to Treaty Belize Energy Vice President of Operations.

The following is an update from Mr. Luczywo as of August 24th.

The Treaty Belize Energy office in Placencia is up and operating. In addition; our recently hired personnel and support staff are doing an excellent job. We have been busy getting our office functional. The following work has been completed:

Selected an office location key to the planning, implementation and coordination of the details of our day to day operations in Placencia

General maintenance repairs and upgrades to facility. Furniture and accessories delivered and suitable for office personnel

Central Air Conditioning installed in office and conference room. Internet, local phone, fax, US phone all installed and operational

Regular expense reports, accounting, banking, and communications back to the United States has been established

All project expenses brought under administration by the Belize office

Excitement is building in the area and Treaty Belize Energy is experiencing an influx of job applicants. We are currently building a database of names from which we will examine and determine the best qualified persons to ask and join the Treaty Belize Workforce

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Treaty Preps for Belize Drilling Program

- Treaty Preps for Belize Drilling Program

Friday, July 29, 2011
Treaty Energy Corp.

Treaty reported on developments in Belize leading up to the implementation of its initial eight well drilling program.

Andrew V. Reid, Chairman and CEO of Treaty Energy Corporation, stated, "We are pleased to confirm that all things requested of Treaty by both the Belize Ministry of the Environment and Department of Petroleum have now been completed and provided to the proper Belizean agencies. In addition, we are elated that the Director of the Ministry of the Environment has signed off on our environmental checklist, and has confirmed that Treaty may move forward and drill the initial two wells of the eight well drilling program."

Mr. Martin Alegria, Director of the Belize Ministry of the Environment advised Treaty Energy and Princess Petroleum at a recent meeting that they should have the ECP (Environmental Compliance Plan) complete and up to date so that after the first well is drilled (and given that there is a commercial find) the EIA (Environmental Impact Assessment) will take minimal time to be approved so that production may commence.

To accelerate this process the Company has contracted an attorney from BNE to assist in finalizing the surface rental agreement for planned drill sites. Treaty will communicate directly with the land owner to finalize the rental agreement. Furthermore, a local surveyor under contract with Treaty will complete the survey for our initial drill site this week.

Mr. Reid went on to say, "Our stakeholders are reminded that we have established Treaty Belize Energy, Ltd. in May 2011 and located our corporate office in Belize City. In addition, we also equipped a field operations office in Placencia, Stann Creek District, Belize, close to the drilling sites to be developed, which are a three hour drive south of Belize City."

Treaty Energy has had meetings with a number of community leaders in areas where the Company intends to drill and is pleased to report that these community leaders are uplifted and energized with our intent and in particular that Treaty will be providing employment opportunities for numerous local Belizean's.

In conclusion Mr. Reid stated, "Ongoing developments and significant preparation in Belize are proving advantageous to a successful drilling program. Upon arrival of the drilling rig and support equipment by sea on July 27th our Company is moving ahead with an oil program that holds the potential to be a magnificent life changer for all Treaty stakeholders and the people of Belize."

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Treaty: Drilling Rig Arrived in Belize

- Treaty: Drilling Rig Arrived in Belize

Wednesday, July 27, 2011
Treaty Energy Corp.

Treaty reported the Drilling Rig and support equipment have arrived in the port of entry in Belize.

Stephen L. York, President and COO of Treaty Energy Corporation, stated, "All the equipment shipped by sea last week has arrived safely at the port of entry in Belize and we have arranged for our toolpusher/rig manager and drilling supervisor, W D Harden to arrive in Belize and be on site to supervise the un-loading and reassembly of the rig."

Mr. York added, "In addition to reassembling the rig Mr. Harden and Treaty Belize Energy employees will be coordinating services with third party companies related to the drilling of our initial well sites and securing all our equipment to their proper locations. Today Treaty Energy has moved one step closer to implementing our drilling program to extract commercial grade quantities of oil in Belize."

In summary, the equipment in this shipment to Belize by sea out of Mobile, Alabama included the following: Drilling Rig, Bulldozer, Backhoe, Fuel Truck, and 28 foot Flat Bed Truck.

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Treaty to Move Forward with Belize Drilling Program

- Treaty to Move Forward with Belize Drilling Program

Monday, July 18, 2011
Treaty Energy Corp.

Treaty Energy Corp. on Monday reported on developments in Belize leading up to the implementation of its initial eight well drilling program.

Andrew V. Reid, Chairman and CEO of Treaty Energy Corporation, stated, "We are pleased to confirm that all things requested of Treaty by both the Belize Department of Environment and Department of Petroleum have now been completed and provided to the proper Belizean agencies and approved. In addition, we are elated that the Director of the Ministry of the Environment has signed off on our environmental checklist and now confirmed that Treaty may move forward and drill the initial eight wells identified by location in our drilling program."

Mr. Reid stated, "The Belize Minister of the Environment indicated that we should deliver the EIA report forthwith and prepare to immediately produce oil from the first well once drilling is completed. To accelerate this process we have retained an attorney from BNE to assist Treaty in finalizing the surface rental agreement for planned drill sites and communicate directly with Sir Manuel Esquivel and Board of Directors of the land owner. Furthermore, a local surveyor under contract with Treaty will complete the survey for our initial drill site this week."

Mr. Reid went on to say, "Our stakeholders are reminded that we established Treaty Belize Energy, Ltd. in May 2011 and located our corporate office in Belize City. In addition, we also equipped a field operations office in Placencia, Stann Creek District, Belize, close to the drilling sites to be developed, which are a three-hour drive south of Belize City."

Treaty Energy has had meetings with a number of community leaders in areas where the Company intends to drill and is pleased to report that these community leaders are uplifted and energized with our intent and in particular that Treaty will be providing employment opportunities for numerous local Belizeans.

In conclusion, Mr. Reid stated, "Ongoing developments and significant preparation in Belize are proving advantageous to a successful drilling program. Upon arrival of the drilling rig and support equipment by sea on or about July 24/25, our Company will move ahead with an oil program that holds the potential to be a magnificent life changer for all Treaty stakeholders and the people of Belize."

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.

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Treaty Buys Equipment for Belize Drilling Proj.

- Treaty Buys Equipment for Belize Drilling Proj.

Thursday, June 23, 2011
Treaty Energy Corp.

Treaty announced the purchase of several pieces of machinery that will be sent to Belize in early July.

Andrew V. Reid, Chairman and CEO of Treaty Energy Corporation, stated, "The major piece of equipment that we have purchased is a much larger drilling rig that is capable of drilling to depths of 6500 feet. We will post pictures of this new rig along with its specifications to the Treaty Energy website in a few days."

Mr. Reid stated, "The reason for this purchase was two fold: first, the Schramm 450 Drilling Rig originally purchased to go to Belize will need more work than our time line permits. That rig will be used in Texas when refurbishment is completed; and second, current studies by Treaty's group of geologists, well locators, and satellite surveyors suggest the possibility that deeper pay zones could exist and this rig will be capable of exploring those deeper pay zones at a later time, after the more shallow wells are drilled and producing."

Mr. Reid went on to say, "We have acquired equipment for well pad construction and road construction to the well sites. This equipment consists of: a New Holland B95 Backhoe; and a 2006 D4G Caterpillar Bulldozer. The final purchase is a crew truck to replace the rental vehicle that has been used over the past months. This vehicle is a Chevrolet Duramax Diesel Crew Cab 4WD Pick Up."

Treaty indicated that all of the above equipment will be shipped by sea to Belize out of Mobile Alabama with a planned departure date of July 10, 2011. The shipment will go directly to Belize with a scheduled travel time of five days.

In conclusion Mr. Reid stated, "Because of the rapid pace of events in Belize, our stakeholders can expect frequent updates on this project as all such updates are now becoming extremely important."

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Treaty Secures Rig for Belize Proj.

- Treaty Secures Rig for Belize Proj.

Wednesday, June 01, 2011
Treaty Energy Corp.

Treaty has acquired a Drilling Rig for its Belize oil project.

Andrew V. Reid, Chairman & CEO of Treaty Energy Corporation, stated, "Treaty Energy has made a final decision to drill the wells on the Belize concession using our own Texas-based drilling company, Treaty Energy Drilling, LLC."

Mr. Reid added, "Upon making the decision to expand our own drilling company and keep the drilling program in-house, we purchased a Schramm 450 Drilling Rig on a Chevrolet Flat Bed Diesel AWD platform, with a Sullair Drilling Compressor. This rig is capable of drilling to 4000 ft depth and therefore is suitable to the task of drilling all of the well sites that are currently in our Belize drilling program."

Treaty technicians and geologists expressed their opinions that based on findings an "air drilling" rig would be better suited to the areas that are to be worked as per the drilling program. The Schramm Rig is capable of drilling with air or mud, and thus provides the flexibility to drill with either method if faced with on site condition changes.

The Schramm Rig was purchased in Troy, Alabama and has been shipped to a Rig Service Center in Glenwood, Alabama for inspection and upgrades as needed, prior to June shipment to Belize.

Treaty Energy is in the process of acquiring a full complement of support equipment so as to be self sufficient and have complete oversight of quality control while drilling in Belize. These other components will be announced as the acquisitions are completed, most of which are within days of finalization.

In closing, Mr. Reid stated, "I am very excited that the Treaty board has taken an aggressive stance and made possible the acquisition of the Schramm Drilling Rig and the full complement of support equipment. Growing Treaty Energy Drilling, LLC, our own drilling company, is a significant step toward vertical integration of our oil and gas business."

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First Meadows Signs LOI in Belize

- First Meadows Signs LOI in Belize

Monday, May 23, 2011
New World O&G plc

New World O&G announced that its intermediary First Meadows has signed a non-binding letter of intent granting First Meadows (on behalf of the Company) a 45 day exclusivity period in which to undertake due diligence on two oil concessions totaling 560 sq km, located in the productive Petén Basin in Northwest Belize ('the LOI'). The LOI is non-binding save for granting First Meadows a 45 day exclusivity period in which to undertake due diligence on behalf of the Company, following which First Meadows has the right to transfer its rights under the LOI to the Company. Any potential investment by the Company would be in accordance with the Company's investing policy as set out in its Admission Document.

Overview:

• The LOI provides a 45 day exclusivity period to conduct due diligence on two concessions - Blue Creek and Gallon Jug, both named under one 560 sq km Production Sharing Agreement ('PSA'), located onshore Belize in the Petén Basin.
• The Company has engaged RPS Energy to undertake a competent person's report in the form of a letter of opinion ('CPR') to assist New World in determining the prospectivity of the PSA.
• Upon completion of the CPR and subject to the satisfactory completion of due diligence, it is intended that definitive transaction documents will be agreed in the form of a Farm-out and Operating Agreement with the Company being named as Operator, followed by the Company being named on the PSA for both concessions.
• The LOI contemplates (subject to due diligence including the CPR being satisfactory) a staged investment in 2D seismic, initially of US $500,000 but up to a total of US $2 million at the Company's discretion, followed by the right to acquire further interests on the basis of an agreed drilling program if the Company then decides to take the opportunity further.

New World CEO William Kelleher said, "We are delighted that this opportunity has materialized for us so quickly. As per the Company's stated investment policy, we are initially focused on opportunities in Central America, with particular emphasis on the highly prospective Petén Basin, Belize, where the Board believes that significant opportunities exist. This Project falls within our investment criteria and is particularly exciting as it is located in very close proximity to recent commercial discoveries."

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Treaty Identifies Belize Drilling Locations

Treaty Identifies Belize Drilling Locations

Tuesday, May 03, 2011
Treaty Energy Corp.

Treaty Energy Corp. on Tuesday issued substantial information on the Company's progress in Belize.

Andrew V. Reid, Treaty Energy's CEO, indicated, "The first of several items issued today is that Treaty Energy Corporation has engaged a law firm in Belize City, Belize, for the purpose of forming a Belizean corporation to be named Treaty Belize Energy, Ltd. All of our business activities in Belize will be handled through this wholly owned subsidiary. As of May 2nd Treaty was told by our Belizean law firm that all filings were done and we are waiting on the 'Certificate of Incorporation' which we expect from the registry promptly."

Reid also explained that Treaty has selected five 'AREAS' as the first of innumerable well sites and has identified the first eight drilling locations that are to be drilled on the land portion of the Princess/Treaty Concession.

• AREA #1: Elevation – 108'
• AREA #2: This very encouraging location is right off Monkey River Road, and shows promise for many wells.This location was staked with one well location approximately 20' back from the seal on the oil side.  Due to lack of time on this formation further study will be done.  The one well is expected to be 1200' deep to the top of the formation.The Company has been informed by the geoscience team identifying these drilling locations that we can expect multiple wells on this formation at about 600' intervals.  

• AREA # 3:  This third formation is located near the end of Monkey River Road.  A well location has not been chosen on this location as of yet because it will require clearing certain areas to obtain access to specific drilling locations.j
• AREA # 4:  This fourth formation was along Southern Highway toward Punta Gorda.The first well staked is close to Southern Highway inside a guarded area that will be easy to drill.  The second well is located about 50' off a good dirt road.
• AREA #5: This fifth location is on Southern Highway in Medina Bank.

In conclusion, CEO Andrew Reid indicated, "We are now in the final process with regard to contracting a drilling company.  We are currently evaluating a highly qualified company out of Guatemala City, but other companies are also being considered, some of which are based in the United States.  It has been determined that an air drilling approach would be very successful in the areas that we will be exploring.  Since air drilling can be faster and would likely create less contamination and/or damage to the oil bearing formations, all factors are being considered prior to issuing the contract for the first well."

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.

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