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Re: A deleted message

Wednesday, 05/16/2012 6:07:28 PM

Wednesday, May 16, 2012 6:07:28 PM

Post# of 116863
Treaty thenselves posted photos of the rig being repaired, so I didn't have to - and I didn't see the repair going on.

If you don't want others to be aware of Treaty's actual activity in Belize, I am sorry as I am going to continue to post. I think I am helping and Bull (and others) have encouraged me.

In Belize a lot has to happen before oil would ever get into tanks:
(1) Permit to drill deeper than 1500 feet has to be issued by Government of Belize (GoB)
(2) Treaty have to ship and receive additional equipment including BOPs and lighter pipe
(3) Drill crew needs to arrive
(4) Drilling needs to start and continue for several days until new TD
(5) Then well needs to be logged to confirm whether or not there is moveable oil
(6) Then well results need to be studied to make completion, pumping and production plan
(7) The EIA, EMP and DMP need to be updated if the purpose of the wells changes from exploration to production(and approved by GoB)
(8) Completion, stimulation, pumping, seaparation and storage equipment needs to be purchased and shipped to Belize
(9) Contract for oil transportation within Belize and another for export need to be negotiated and finalised
(10) All above equipment needs to be installed and commissioned

So all this will take time - but most of it cannot be set in motion until commercial oil is confirmed. It is usual in the oil industry. So you'll have to be patient with Treaty while they progress through this.

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