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Treaty Energy Signs Farm-Out With Aquinas Energy For Brazoria County Lease

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May 27, 2014

Treaty Energy Corp. (OTC: TECO) announced May 22 that it signed an agreement for a four well farm-out drilling program with Houston-based Aquinas Energy Resources Inc. on the Belle Wisdom lease in Brazoria County, Texas.

New Orleans' Treaty will receive 80% of the net revenue from production, until initial investment payout, and then 70% of net revenues after payout of all costs, the company said.

This initial agreement covers four well locations on the Belle Wisdom lease, which is just outside of Damon, Texas. The lease sits in the Damon ...

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