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Tuesday, 04/02/2013 10:18:54 PM

Tuesday, April 02, 2013 10:18:54 PM

Post# of 116863
OIL FOUND IN ORANGE WALK, BELIZE:
The government of Belize today announced that oil has been found in the Orange Walk district. A statement issued this afternoon announced that Maranco Energy Limited found "an encouraging oil show" at the exploration well in the concession area of the country known as South Canal Bank #1. The government statement says "further and necessary testing is ongoing to determine the commercial potential of the oil show." The official announcement ends by saying that personnel from the Geology and Petroleum Department are closely monitoring the situation in Orange Walk.

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