Treaty Energy Updates Progress on Belize

Treaty Energy Corporation (OTC:TECO) updates on the progress of its Joint Venture with Princess Petroleum Limited on the 2 million acre concession in Belize.

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.

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