Just to correct you on the Treaty Energy Company acreage position in Belize.
Treaty Energy Corporation are the holders of over 1.5 million acres in Belize (1,560,000 acres to be precise - see calculations below). This is less than half the 3.4 million that you indicate - but is a huge acreage holding for a start-up company like Treaty, who should be commended on the deals that they have done to acquire this acreage position in Belize, where - in my view - they are the second largest acreage holder just behind Princess Petroleum.
These are the facts.
Treaty Energy Corp acquired a 50% participating interest in the Princess Petroleum Concession in 200,000 onshore acres and 1.8 million acres offshore [Option Agreement for Petroleum Exploration in Concession Areas in Belize was signed between Treaty and Princess April 20th 2010]
On July 15th 2010, Treaty sold 10% of this interest to an undisclosed major shareholder.
On September 12th 2011, Treaty sold 4% of this interest to All Energy Corp.
Treaty are therefore the holders of 43% of the Princess concession which is equivalent to 860,000 acres [It appears that Treaty have not complied with the requirements in this agreement with regard to holding onto the offshore acreage - but I have ignored this FUD in these calculations]
AND Treaty purchased the Paradise Energy concession (almost 1.4 million acres onshore) on September 15th 2011.
On March 9th 2012, Treaty entered into an MOU for Princess to acquire 50% holding in the Paradise concession.
Treaty are therefore the holders of 50% of the Paradise concession which is equivalent to 700,000 acres [The fact that a considerable portion of this concession is volcanic intrusion which cannot hold oil has been ignored in this calculation]
On March 1st, Treaty granted All Energy options to purchase a further 6% of the Princess concession and 15% of the Paradise concession. I have ignored this in these calculations.
