The company has acquired lease rights to drill thirteen wells on the 260 acre Kubacak lease, which is situated around three and a half miles southwest of the firms current operations on the Stockton and Mitchell leases.
Treaty intends to develop the Kubacak lease in three phases, in which first phase includes development of three wells, where field characteristics will be determined.
The company plans to develop an additional 10 wells in the second phase, and will announce the third phase, after the first two phases are completed.
Treaty plans to drill Kubacak #3 will by the end of November, as it received approval for drilling, while it has already started pre-drilling operation to minimize delays in drilling between the Stockton lease project and the Kubacak lease project.
