This was June's news, we should compare this with what we hear this coming week. Oiljob
"Treaty Energy Corporation, partner of Princess Petroleum in Belize, announced today that it is moving ahead with plans to drill for oil in Southern Belize, in the Stann Creek and Toledo Districts, including inside the village of Medina Bank, a Maya village listed in the Maya Land Rights case lodged in 2009, where Maya activists say no drilling should proceed without consultation with their communities.
An update posted today, Tuesday, May 3, said the company has selected the first of 5 areas from among “innumerable” or countless such sites in Belize.
It also said that it has identified “the first eight drilling locations” on the onshore or terrestrial portion of the Princess concession. This portion of the concession covers 200,000 acres, while the offshore area is 1.8 million acres.
Amandala has studied the coordinates of the well sites released by Treaty, and we found some of them to be located in an area west of Big Creek, where the Stann Creek and Toledo Districts meet, going south towards Monkey River.
Of note is that the concession includes a range of forest reserves, including Bladen Swasey, Deep River, Maya Mountain and Mango Creek.
Treaty says that Area #2, located right off Monkey River Road, is “very encouraging” and “shows promise for many wells,” as deep as 1,200 feet.
According to today’s news update, Andrew V. Reid, Treaty Energy’s CEO has announced that, they have also engaged a Belize City law firm to set up a local company, Treaty Belize Energy, Ltd.
“All of our business activities in Belize will be handled through this wholly owned subsidiary,” Treaty said.
Reid also indicated that they are also in the process of evaluating a Guatemalan company, which may be hired to drill the wells in Belize. It added, however, that other companies are also being considered." (The Amandala newspaper).
