Yes, we agree.
However the professional Geologists disagreed. The press release should have been released immediately (like it was). Perfect timing I may add. However, the content or claims should be toned down severely and Belize's lack of review noted. I believe 99% of the seasoned industry would concur. BTW, That layout looked nice :)
___________________________________________________________________ Quote:Treaty did not have to make such an extravagant claim, this is all I am saying. "Perhaps we have oil and perhaps not, more due diligence is required. Belize says no, our mud-logger says yes. Certainly we don't know nor can we predict any amounts.". This would have spiked the pps AND preserved the Belize partnership.
They cannot say they "don't know" when they do know. That would be a lie and fraudulent. They KNOW they have oil and thus HAD to state that.
The Belize govt made the same exact statements about BNE once upon a time. Guess what? BNE's relationship with the government is fine and BNE is producing thousands of barrels of oil every day.
