If one studies the concessions, like I did two years ago, it is apparent that the provisions can and have been extended for all concessionaires. Additionally, we have in fact already drilled and complied with the provisions of the contract, ergo we have fully complied with the contract, which is more than I can say for any other concessionaires or companies in Belize. Additionally, all the concessions were allotted at the same time and we are way ahead of everyone else in complying with the provisions (which should not be an issue for us). If we lose acreage everyone else loses acreage too, I don't think that is going to happen. Finally, if one bothers to read the clause (in question) it permits "Treaty" (not the GOB) to determine what acreage to return, it need not be contiguous, it could be all the acreage along the Maya Mtns. and a gridboard, or a checker-board of environmentally sensitive acreage (reef acreage). This is really a red herring. Zero to worry about. Geographically and strategically our concessions remains the same size. Oiljob
It's only a percentage (25%), and for some concessionaires, with much smaller concession holdings, this could present a much more critical issue. However, nobodies concession would actually decrease in size unless that is what they chose to do.
I predict all the concessions will be extended another two years in any case.
