The drilling rig was purchased on a Chevrolet Flat Bed Diesel AWD platform, with a Sullair Drilling Compressor which is capable of drilling upto 4000 ft depth.
The Schramm Rig was acquired and has been shipped to a Rig Service Center in Alabama, US for inspection and upgrades as needed, prior to shipment in June to Belize.
Treaty Energy Chairman & CEO Andrew V. Reid said that the company has made its final decision to drill the wells using our own Texas-based drilling company, Treaty Energy Drilling.
Treaty Energy is also acquiring support equipment for the drilling project. The orders will be finalized soon.
Treaty Energy is engaged in the acquisition, development and production of oil and natural gas.
