I'm not in Belize currently and I can neither confirm or deny any commercial oil finding.
What I will say is that the Government of Belize will make that call. One way or the other. Period!
I know I have the best sources for information on this subject. Here is the Proof...
BULL, Max and Hamdi... Me, Head of TECO Belize operations and Owner of Princess Petroleum doing the logging on SJ2. There was a blockage in the hole and we couldn't complete the logging.
TECO has no oil in Belize...Unknown if commercial currently. TECO has 88 missing Barrels of oil. TECO Mitchell will only produce 1 to 3 barrels. TECO is in Bankruptcy. TECO is out of business May 1. TECO stock is vapor. TECO will never drill again in Belize. TECO is spending 50k to 100k a day on SG&A TECO has toxic financing. TECO has only 400 shareholders. TECO will only receive 1/3 of a barrel, 3 or 4 months from now. TECO has suffered no damages because the stock went up after the filing. TECO is holding out information on SJ3 TECO only gets 9% of the Mitchell. TECO cannot sell any leases.