On Wednesday July 27, 2011, Treaty Energy Corporation (PINK:TECO), an oil and natural gas development company, promulgated the arrival of the Drilling Rig and support equipment in the port of entry in Belize.
The respective Alabama shipment to Belize consists of Drilling Rig, Bulldozer, Backhoe, Fuel Truck, and 28 foot Flat Bed Truck.
Stephen L. York, President and COO of Treaty Energy Corporation, acknowledged the safe arrival of all the equipments shipped last week, at the port of entry in Belize, and that they have made the arrangement to send Mr. W D Harden, their tool pusher/rig manager and drilling supervisor, to Belize in order to supervise the un-loading and reassembly of the rig. Along with the assistance of the Treaty Belize Energy employees, he will be coordinating services with third party companies in the conduction of drilling activities at the initial well sites of the company, and is also entitled to determine the proper location of the equipments.
The drilling equipments are imported in Belize by the Treaty Energy Corporation in order to implement their drilling program to extract commercial grade quantities of oil in Belize.
Shares of TECO fell 2.19% to $0.067 with over 2.44 million shares exchanged hands.
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