I was told by the company that the GOB desperately wants oil out of Treaty asap but the GOB is also very environmentally conscious.  Bottomline they need the tax revenue and regardless of ongoing bond negotiations.  The company rep and I didn't discuss the following but IMO the bond issue will exist whether the GOB has oil revenue or not.  Think of it;  their are other E&P companies in Belize.  Anyone involved in negotiating bond issues with Belize knows darn well that between the resorts revenue, oil, and any other GOB tax generating revenue;  Belize has some income streams so there is really nothing to hide.  Who knows how deep the GOB bond issues go but I don't think TECO effects it one way or another.  I don't think little ole up and coming TECO is making or breaking bond related negotiations.  For all we know;  Belize will use the "initial" TECO generated tax revenue to put back into the environment as propaganda just to shut up the natives.  This way TECO can continue producing oil generating tax revenue without much noise from the natives  and the GOB can use most future oil generated tax revenue anyway they want since at that point they will feel like they've appeased the natives.   There are large, medium and small oil producing companies.  I was told by the company rep that TECO will become a medium size oil producing company based on their future prospects known today.  A medium size oil producing company will take a few years but we aren't far from Treaty having the momentum to take off  and grow  more exponentially than it has over the last 4-5 years.  Once better revenue quaters i.e. 3rd 10Q,  then cash flow positive 4th 10Q,  then profitability in 1st 10Q, 2013  and then we won't be able to keep up with the PR's and growth IMO.