Treaty Energy Corp. (fka TECO)

[Belize Oilwatch]

I don't believe Treaty have found any oil in Belize so far, but they have plenty more opportunities in this well and elsewhere in their Belize acreage holding to find oil as long as they explore diligently. Opinion.

How do I know they haven't found oil? Well no self-respecting oil company would leave a well open without casing and surface pressure containment (and sometimes unattended) for 4.5 months if that well was open to an oil reservoir at the bottom. And if they did do just that, then they wouldn't have got away with it, they would have had a blow-out. Opinion.

Your post contains disturbing information about Treaty encountering water in the San Juan #2 well. Treaty are drilling approximately 3 miles from the water supply wells for Placencia and a lot of South Belize. Fact.

The Princess / Treaty EIA for the first two exploration wells completelly missed this. Fact.

If the EIA had been done properly, it would have included baseline sampling of water quality at the water wells and mitigating measures in the drilling program and casing plan to protect the water supply aquifer from contamination. Without these Treaty is wide open to claims of contamination of water supply from now until the end of time. Opinion.