2009-08-05-2009-08-01

To acquire a 360-acre lease with 3 wells in Taylor Co. in W. TX.

Treaty Energy Corp., Abilene, Texas, (OTCBB: TECO) plans to acquire a 360-acre lease with three wells in West Texas. The assets, which are in Taylor County, include existing downhole and surface equipment. Treaty says the wells need minor rework and are projected to return to production by mid-August. The company says it also plans to drill additional wells identified by Infrared Survey as having hydrocarbon potential. The lease calls for a 90-day due diligence period, but Treaty says the transaction may close sooner with consent of both parties. The company says it will release more details once the acquisition is completed. Treaty says it plans to acquire one small to mid-sized leasehold a month "for the foreseeable future."