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NEW ORLEANS, USA -- Treaty Energy Corporation has reported drilling success on its first oil well, San Juan #2, in Belize.

The San Juan #2 well is near Independence Village, Belize, located adjacent to the Port of Big Creek in the Stann Creek District.

Final phase of drilling this well commenced on January 24, 2012, after review and compliance with all government regulations, requirements and inspections by Belizean officials and permission granted.

Andrew Reid, chairman and co-CEO of Treaty Energy, stated, "We were advised by the drilling team to produce this first well, San Juan #2, at the first pay zone based on their professional expertise. It is our plan to drill San Juan # 1 deeper than San Juan #2 in the belief that there may be additional pay zones present."

Reid continued, "Treaty's initial analysis of the 200,000 acre 'onshore' Princess Concession includes 80 anomalies showing promise. Through early analysis we believe we have so far identified three possible oil bearing fields of various sizes. Treaty chose the current, Stann Creek Field, for our initial exploration wells because of its easy access by our drilling team, proximity to nearby port facilities, and it being well outside of any protected areas. Our internal analysis indicates that the Stann Creek Field covers an area of around 350 acres, and with 4-acre spacing we would expect to drill up to 90 wells in this oil field. Based on our initial findings, we estimate there are about 5,000,000-6,000,000 barrels of recoverable oil in place in this first finding."

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