All,

I came across this article, it was dated today. It looks like Marathon is looking to gain a position in Belize. Marathon is a large company.

Belize has been a hard nut to crack for oil & gas explorers historically but in recent times some notable discoveries have been made and new investment is now starting to move into the territory. The first discovery of petroleum and gas deposits in Belize was made by Belize Natural Energy Ltd in 2005 when the first well in Spanish lookout began

producing and has seen its production now reach 5,000+ barrels per day. Attention has recently been turned to London aim listed New World oil & gas who are currently drilling / exploring a series of wells on its flagship Blue Creek project,the company recently updated investors with news of the maiden B Crest prospect encountering an active hydrocarbon
system. Activity on the license front has also been steadily increasing with a number of new exploration licenses being applied for from a combination of mainly US and UK listed companies,among which are Marathon Oil Corp with three applications and London aim listed Bluebird Energy with two applications.

Belize now looks set to be a major draw for oil & gas explorers with attractive tax regimes and modest local labor costs adding to the many attractions of the country.