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Treaty Energy Reports Status of Aeromagnetic Survey of Belize Concession


Murphy Moose Aircraft Acquired and Equipped to Perform Low Level Aeromagnetic Survey of the 200,000 Acre On-Land Portion of the Princess Petroleum Concession
NEW ORLEANS, July 19, 2011 /PRNewswire/ — Treaty Energy Corporation (OTCQB: TECO), a growth-oriented energy company in the oil and gas industry, today reported it has completed the purchase of the Murphy Moose Aircraft that will be sent to Belize to accelerate exploration of the 200,000 acre on-land portion of the 2 million acre Princess Petroleum Concession.
Andrew V. Reid, Chairman and CEO of Treaty Energy Corporation, stated, “In addition to the Murphy Moose purchase, the drilling equipment is now in transit to Belize by sea out of the port of Mobile, Alabama, and is on schedule to arrive in Belize about the 24/25 of July. Additional equipment will be sent to Belize on the next available ship from Mobile. This added equipment will provide Treaty Belize Energy Ltd, our operating unit in Belize, with a smaller work over rig to more quickly complete the wells, while allowing the much larger drilling rig to move on to the next well site, and thus advance the completion of the eight currently approved drill sites.”
Mr. Reid added, “Now that the eight well sites have been approved by the Belizean government and we own the necessary drilling equipment that is required to continue expansion of the Belize project, it is necessary and appropriate for us to locate additional well sites for development. The Murphy Moose will add low level aeromagnetic survey capabilities to our set of tools to identify additional high probability drilling locations, and will thus expedite our efforts and complement all other location methods previously used by the Treaty team.”
Mr. Reid added further, “We are expecting to locate many more well sites on the 200,000 on-land portion of the Princess concession prior to any consideration being given to exploring the 1,800,000 acre off-shore portion of the Princess concession. Our stakeholders should anticipate regular updates on our progress in Belize as things are moving rapidly on this project.”
About Treaty Energy Corporation
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. For more information go to: http://www.treatyenergy.com
Forward-Looking Statements:
Statements herein express management’s beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, raising working capital and securing other financing; responding to competition and rapidly changing technology; and other risks. These risks are detailed in the Company’s filings with the Securities and Exchange Commission, including Forms 10-KSB, 10-QSB and 8-K. Actual results may differ materially from such forward-looking statements.
Contact:
Osprey Partners
Tel: 732-292-0982
Fax: 732-528-9065
investors@treatyenergy.com
SOURCE Treaty Energy Corporation
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http://www.treatyenergy.com

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Belize promotes investments in Dubai


Friday,15.07.2011, 03:20pm (GMT-6)

The Annual Investment Meeting 2011 held in Dubai in May 2011.

Prospective investors and the decision makers from existing and emerging markets were invited to invest in Belize at the Annual Investment Meeting 2011 held in Dubai last week.

Minister of Economic Development Commerce and Consumer Protection, Hon. Erwin Contreras, led the Belize delegation and presented an overview of investment policies and opportunities to Belize, garnering great interest from major players who looked at Belize as a prime location for investment. He also highlighted the multiple opportunities for investment in Belize, emphasizing Belize’s move to develop a long-term sustainable plan for economic development.

He said “Our government, in the last three years has taken great strides in creating an attractive investment climate. Through prudent fiscal management, our country rating has been boosted to ‘’A’’ minus, and despite the global crisis, we have shown consistent economic growth.”

Minister Contreras invited his audience to look at Belize “as a place to invest in a bright future and to join us in creating what will be the ideal sustainable model for a functional balance between high returns and responsible development.”

The Crown Prince of Dubai, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, hosted the meeting, which featured key government ministers from countries in the Middle East, Far East, Africa and Europe, and major investors from the region and abroad.

The Dubai-based investment group, Equity Capital Group, has expressed strong interest in investing in Belize, and Mr. Adam Doost of the Group joined the United Arab Emirates’ Ministry of Foreign Trade in hosting the Belize delegation in Dubai.

It was the first time an event like AIM 2011 had been held in the Middle East. This visionary new approach has a long term objective to catalyze the process of global economic recovery by building investors’ confidence; and to ensure a more dynamic flow of funds between potential investors, and prospective investment opportunities and destinations.

Belize was further highlighted at the Dubai’s Expo Center at the AIM Exposition, where Equity Capital Group presented Belize as an emerging destination for investment. Hundreds of potential investors were able to view videos and images of Belize and to discuss the opportunities and benefits of investing in Belize with Minister Contreras, BELTRAIDE executive chairman Michael Singh and businessman Erik Tobar of Tobar Construction who had accompanied the minister.

The group also met with key executives of various large investment groups and sovereign development funds, including, the IFC, and the Abu Dhabi Fund for Development, all of whom expressed interest in investment projects in Belize and have commenced plans to visit Belize in the near future.

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