Treaty Energy Corp. (fka TECO)

[Belize Oilwatch]

Update on Belize Oil Discovery by Maranco.

In April it was reported that drilling company Maranco, operating for themselves for the first time in Belize, had discovered oil in the North West of Belize. Maranco finds “black gold” in Laguna Seca area

However radio and TV news updates on Tuesday June 11th indicated that the find was not as clear cut as first expected, and it has not been declared commercial at this stage. The CEO of the Ministry advised that appraisal drilling by Maranco is required to establish commerciality and if that is successful an EIA for development/oil production will be prepared. Maranco’s Oil Show; what does it hold for Belize?

This was confirmed by the Prime Minister Dean Barrow in a press conference on Wednesday June 12th. PM Discouraged About Once “Encouraging” Oil Show

I have posted this here to describe the Belizean process (and time period required) - if an exploration well is successful - for a potential oilfield to pass through appraisal, EIA, field development and then into production.

Treaty has not yet shared the results of their San Juan #3 exploration well yet.

Just facts. From Belize.