Treaty to Work-Over Tx. Wells

- Treaty to Work-Over Tx. Wells

Monday, August 01, 2011
Treaty Energy Corp.

Treaty Energy reported on activities of C&C Petroleum Management LLC, the Company's Texas operations subsidiary, related to increasing oil production from its Texas leases.

Stephen L. York, President and COO of Treaty Energy Corporation, stated, "I recently made arrangements to contract three work-over rigs to commence work beginning this past Saturday, July 30th on our Texas leases. We will work-over 14 wells in the next two weeks."

Mr. York added, "I've also purchased pump parts, barrels, seals, cups and other items to allow us to rebuild pumps on our Texas properties. Purchased items include drifted and tested tubing to replace defective joints that are found."

C& C Petroleum has also contracted an electrician to revamp circuit boxes on the McComas Lease to handle additional electrical supply needs on this lease and has requested bids on water storage tanks for the Company's Willingham Lease.

Mr. York commented, "These rework activities are expected to increase our oil production by 300-420 barrels per month over the next two weeks, to about 1500 to 2000 barrels per month. While our stated goal is to bring our Texas oil production to 30,000 barrels of oil per month as soon as practical, the economical steps being taken at this time are crucial to us meeting our long term goals in Texas."

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Petro Vista Reaches TD at Morichito Well

Petro Vista Reaches TD at Morichito Well

Wednesday, April 13, 2011
Petro Vista Energy Corp.

Petro Vista announced that the Morichito-5B well in Colombia has reached total depth and production casing is being run to evaluate oil and gas shows encountered in the Tertiary Carbonera and Mirador and Cretaceous Guadalupe, Gacheta, and Ubaque formations.

This Morichito-5B was drilled from the Company's original M-5 (2010 discovery) drilling pad and deviated approximately 1200 feet to the southwest of the original well. The well was drilled to a total depth of 6855 feet in the Paleozoic. During drilling mud-log shows were encountered in the Carbonera C7, Mirador, Guadalupe, Gacheta, and Ubaque formations. Subsequent petrophysical analysis of electric logs indicated multiple potential pay zones.

The Carbonera C7 zone is equivalent to and six feet structurally high to the 5900 foot zone in the Morichito M-5 well which swabbed at a rate of 375 barrels of oil per day of 23 degree API oil with no water cut (see news release dated March 25, 2010).

A decision has been taken with partners Green Power Corporation and Golden Oil Corp. to run 7" production casing and test at least two zones. The Company expects testing to commence approximately May 1st and take 15-20 days to complete. Assuming success and the receipt of necessary permits, this well will be placed on a long-term production test along with the existing M5 discovery well on which a work-over rig is being mobilized with testing to commence approximately April 28.

The Morichito-5B well was drilled as a deeper pool wildcat and fulfills the company's Phase V contract commitment with the Colombian National Hydrocarbon Agency (ANH).

Leni Briefs Final Details for Spanish Work-Over Ops

Leni Briefs Final Details for Spanish Work-Over Ops

Wednesday, April 13, 2011
Leni Gas & Oil plc

Leni announced final details regarding its planned work-over operations at its 100% owned Ayoluengo and Hontomin Oilfields in Northern Spain.

The Company's Spanish subsidiary Compania Petrolifera de Sedano S.L. has signed contracts and agreed work scopes with both the Société de Maintenance Pétrolière ("SMP") and Services Pétrolièrs Schlumberger ("Schlumberger"). The Company has also received all outstanding permits and authorizations from the Spanish authorities in order to commence the planned work-over program announced on March 17, 2011.

Schlumberger will provide all necessary wireline logging and perforating services, as well as cementing services if required, and SMP will supply their 80-tonne "SMP-2" drilling unit which will be used in conjunction with the Company owned Cardwell 45-tonne rig to ensure overall smooth operations. Mobilization to the field will commence shortly and the program is expected to get underway on April 26, 2011.

As announced in March, work will initially focus on six high productivity wells in the crestal area of the Ayoluengo Field (Ayo-4, 5, 32, 36, 37and 46) and the perforation of approximately 45 meters of previously untapped reservoir in the Hontomin-2 well on the nearby Hontomin Field. Each Ayoluengo well will be cleaned out, re-perforated over existing intervals, some new intervals will be perforated and the casing and production tubulars will be repaired. Additional cementing operations will be selectively undertaken to improve water shut-off where this is required. A progressive cavitation pump (PCP) will be installed in well Ayo-37 to increase the production and reliability of that well. Depending on initial results up to four additional wells (Ayo-18, 35, 38 and 44) may be added to the program at Ayoluengo.

The estimated production capacity from the work-over program ranges from 300 to over 500 barrels oil per day. The initial seven well program is expected to be completed within 60 days.

Neil Ritson, LGO Chief Executive commented, "We are very pleased to be undertaking this work which will immediately benefit both the production levels and cash flow from our Spanish operations. This is of course especially beneficial at a time of high oil prices. Successful results from this initial program will lead to further investment in the field facilities and the completion of additional wells."