Inspire has also done a preliminary evaluation of the Company's Belize Operations and believes that there may be significant possibility of success in that area. The Company's Belize operations have been on hold since November of 2013 after it was unable to successfully retrieve a stuck packer from its San Juan #3 well. The Company has remained in negotiations with Princess Petroleum since then and has not committed to a full pull out of operations in the region. Inspire believes that with increased investment dollars in the region, a large multi-rig drilling project is very possible, but would require a complete restructuring and renegotiation of the project from both Treaty Belize Energy, LTD and Princess Petroleum. Nevertheless, the Company is actively seeking other possible international ventures in the region.
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