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Post# of 116863
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Belize Oilwatch

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Belize Oilwatch

Re: againstallodds post# 52442

Monday, 03/11/2013 3:36:44 PM

Monday, March 11, 2013 3:36:44 PM

Post# of 116863
Requirements to announce an oil strike in Belize

In my view, Treaty must find at least 0.5 million barrels with a single well and either announce an appraisal program to prove up the reserves or if they want to move to production, they must meet all SEC requirements for booking proven undeveloped reserves.

And of course they must get Government of Belize approval before making any announcement.
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