At the meeting, Princess Petroleum Ltd stated that they don't want me to keep asking about Treaty as they believe it inhibits their progress. As an oil company they want to look forward not back.
What I posted in my previous post were the facts that Princess told me (that I have independently verified as the truth).
At the end of a long discussion over lunch, I promised Princess that if they answered those questions I wouldn't trouble them with anything else about Treaty.
But your clever editing of my text has caused me to write this rebuttal of what you imply in your reply to my post.
Additional information coming out of the conversation is presented below. I wouldn't normally share the information below but I have included it here to prove that I am very selective about making sure that I only post facts and the truth on this board - unless I clearly label the information I present otherwise.
Treaty shareholders should consider the information below as hearsay (or previously stated facts - as indicated), which is why this information from my meeting with Princess was left out of my previous post.
It would be good if all posters on this board made a similar distinction between facts (the truth) and hearsay - in my opinion.
Cheers
Belize Oilwatch
Belize City, Belize CA
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What I didn't post, in my previous post, from the discussion at the lunch meeting yesterday with Princess Petroleum and one of their contractors (who was working on their abandonment of the three wells) were a lot of Princesses opinions about Treaty which I find unbelievable (and could not prove or disprove), which were:
- The staff Treaty sent to Belize initially were all inexperienced in the oil industry and had no international oil exploration or drilling experience
- The first well was drilled by an American (who was sent over to build the Schramm rig after shipment from the USA) and two Belizeans (one of whom is still a Princess Petroleum Employee). None of whom had ever drilled a well before in their lives. The well results may have been different if it had been drilled more professionally.
- The second well was drilled by an experienced American driller and a drilling crew including two Belizeans with BNE drilling experience. It was also drilled after additional equipment - also used on the third well - had started to arrive. The well took only 3 weeks. Princess and Treaty were disappointed with the result.
- The first and second wells were drilled in the dry season and both wells progress was hampered by lack of water, especially when needing to fill the hole when circulation was lost. In fact on the second well Princess had to call the local fire brigade to bring water (and they were happy that I didn't pass by the wellsite at that time and photograph that!).
- The third well was abandoned with the stuck packer still in place.
- Princess Petroleum have issued only one press release in their history, as neither they (nor the Government of Belize) have any interest in negative publicity.
- Princess are mad at Treaty for wasting the first 4 years of the exploration period in their concession. So they only have 4 years left to explore the whole concession.
- Princess are happy that Treaty have gone.
And then there are facts that I have told you before, and I didn't see the benefit of telling you again, like:
- By the third well, Treaty looked like a professional drilling operation (substantiated by my visit to the well site and photos)
- Max Mohamed no longer works for Treaty (substantiated previously by the Government of Belize)
