Tuesday, April 2, 2013

Oil Discovered In Orange Walk District- Northern Belize

The Government of Belize, through The Ministry of Energy, Science & Technology and Public Utilities announced that oil was discovered in the Orange Walk District. 

A press release reads:

"Maranco Energy Belize Limited, on March 30, 2013, discovered an encouraging oil show at the South Canal Bank #1 exploration well in their concession area in the Orange Walk District.
Further and necessary testing is ongoing to determine the commercial potential of the oil show. The Geology and Petroleum Department personnel are on site and are closely monitoring the situation."

According to the Ministry, they will be providing more information about the discovery within a fortnight or as soon as new and additional information is gathered.

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