Treaty Energy Corporation has completed the acquisition of the Stockton #1 well (RRC ID: 28016) in Tuscola, Texas. The well will undergo reperforation and reworks to increase production for the Company.

As part of the Company's on-going oil and gas development strategy in Tuscola, Texas, the Company has acquired a 75% net revenue interest (NRI) and a 100% working interest (W/I) on the Stockton #1 well. The final purchase price of the Stockton #1 was $75,000 and includes the existing tank battery and oil/water separators. The well will be operated by U.S. Fuels of Breckenridge, Texas.

Stockton #1 was drilled on October 26, 1996 and was originally perforated in the gray sandstone at a depth of 4260'. After research, the Company discovered that the well was not perforated at any other depths despite positive shows in the wellbore. Due to the well being only perforated in one region, this is classified as both a marginal well and as a well with undeveloped production potential.

Tags: Treaty Energy Corporation