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Thursday, April 04, 2013 9:20:49 AM
Belize Concession Map Showing Princess / Treaty and Maranco acreage is shown below.
Hope this helps clarify.
Distance from Princess/Treaty San Juan #3 well to Maranco South Canal Bank #1 well is approximately 90 miles.
These wells lie in different geological provinces on different sides of the Maya Mountains (basement extrusion).
In my opinion GoB and Maranaco are being cautious with their press release as previous wells in the Canal Bank area had live oil shows but produced only water with strong traces of oil and minor gas. Those previous wells were not put onto production and I suspect they were plugged and abandoned.
Hope this helps clarify.
Distance from Princess/Treaty San Juan #3 well to Maranco South Canal Bank #1 well is approximately 90 miles.
These wells lie in different geological provinces on different sides of the Maya Mountains (basement extrusion).
In my opinion GoB and Maranaco are being cautious with their press release as previous wells in the Canal Bank area had live oil shows but produced only water with strong traces of oil and minor gas. Those previous wells were not put onto production and I suspect they were plugged and abandoned.
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