Treaty Energy Closes on Oil and Gas Lease
Treaty Energy Corporation (OTCBB: TECO) is a growth-oriented company in the oil and gas business. The company acquires and develops oil and gas leases which have “proven but undeveloped reserves”. These properties, which are not strategic to larger companies, allow Treaty Energy to develop and produce oil and natural gas with decreased risk, cost and time involved in comparison to traditional exploration companies. The company announced today that it has successfully closed on the acquisition of a 70% working interest on a lease in Morgan County, Tennessee. This acquisition was completed with Green Light Energy LLC, with which Treaty Energy…