Treaty Energy Corporation has sold a large portion of its existing marginal oil well assets in West Texas for $550,000 as part of the Company's long term re-organization strategy to decrease expenses and improve operational efficiency. The Company also announced its plan to acquire a new well as part of its program to develop the Tuscola, Texas area.

Summary of Results in West Texas

As announced in February of 2013, management initiated several major actions to improve the Company's financial strength. The first major action announced by the Company included a full review of all leases in West and East Texas that were purchased in 2011 and 2012.

The internal review was immediately responded to by management, which reacted by restructuring Company operations and by moving away from marginal well operations into hydrocarbon exploration opportunities on underdeveloped leases. These moves were announced mid-2013 and should not be unexpected by shareholders. Results of these actions are being seen in the third quarter (Q3) 2013 with the acquisition of the Mitchell, Stockton, Standard and Murl/Stroebel leases.

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