Treaty announced an update to its announced "letter of intent" of April 12, 2011 to acquire producing oil and gas leases in Shackelford County, Texas.
The closing on this acquisition has been delayed until June 7, 2011 because of issues that had to be corrected by the seller on the leases being purchased.
Stephen L. York, Vice President of Acquisitions and Operations for Treaty Energy, stated, "Although we are disappointed over the delay of this acquisition, we are very pleased that all the issues are being corrected and the new closing date is now set."
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