An Update from the Belice Newspaper about Teco

New Post Public Reply Private Reply Replies (4) Message Board
Kanola

An Update from the Belice Newspaper about Teco Drilling

http://belizenews.com/

Oceana in Belize Vice President Audrey Matura-Shepherd held a press conference today, Wednesday, to update the media on the status of offshore drilling in Belize.

The press conference was to be focused on the recent court ruling on the organization’s case which challenged the granting of offshore drilling permits by Government to energy companies to operate in Belize.

But what seems to have taken over the meeting, were the plans of one oil company –Treaty Belize Energy— to resume operations in Belize. Matura stated that the company still plans to drill for oil in the country.

Those plans are being made despite the April 16, 2013 Supreme Court ruling that all offshore drilling contracts are null and void — meaning that by law they don’t even exist.

Treaty Belize issued a press release on Tuesday, May 7, stating that they have sought legal advice from their attorney, Rodwell Williams of Barrow and Williams, and have decided to proceed.

Matura-Shepherd said that Oceana’s response to that decision is to wait and watch, and if any operations do resume, they will seek court action by way of enforcing an injunction.

”That’s just a statement that they say they would proceed,” she said, adding, “We need to then be vigilant and get the evidence that they did proceed and we then need to find Government’s acquiescence to that or tacit encouragement or, in anyway, involvement in allowing them to proceed and then we will seek enforcement of our injunction.”

Matura-Shepherd said that the court ruling alone is not enough to stop the operations but the injunction must be enforced. The injunction was placed against the Government and its agents, and public servants; therefore the Government cannot move a finger to approve operations. However, the companies also cannot do anything without the Government’s approval. So, in her opinion, the Government must uphold the law and inform all the companies that their operations must cease.

”In no way can the Government [use] one hand to facilitate or encourage in any way any oil company to implement any provision in the contract,” she said.

She said that that although the court has ruled the contracts unlawful, enforcement of that is still necessary.

”The court said, ‘we declare them unlawful’ but a declaration is not a mechanism that just says then, ‘oh by itself it means that you have to enforce it,’” she said. “It simply means that you have to do something else to enforce it, so what the court did, not to leave us in limbo, was to put in place an enforcement mechanism which was the injunction, which was to say to the government, ‘not only have I told you those contracts are unlawful, null and void but I am telling you, you can’t move a finger to do anything to carry out that contract,’” Matura went on to say.

Matura-Shepherd said that the Government’s responsibility would be to notify all contractors there has been an injunction placed against them.

She added that it is not the contractors’ place to decide whether they continue to operate, but it is the Government who is to police the matter and ensure that the law is upheld and the contractors do not go ahead with any operations.

Treaty Energy Corporation (TECO) Stock Research Links

TECO Board Company Profile Buy Rating Time & Sales News Filings Financials
I expose those connected to Hedge Funds and Illegal NSS to help protect penny stocks from their vicious attacks trying to BK the company for the benefit of HEDGE FUNDS. I've received NO compensation in any form for such, except for a few thank yous...




Scroll down for more posts ▼

Top 10 Most Recent News Articles

Lawsuit Targets Electrical Consultants' Labor Practices

Updated Category News Views 4

Trouble Brews at Electrical Consultants, Inc. Right on the heels of a long workday, some employees of Electrical Consultants, Inc. seem to be getting a double whammy. The company is tangled up in a class action lawsuit lodged by the well-known Blumenthal Nordrehaug Bhowmik De Blouw LLP. This ain't your everyday grievance, folks; we're talking meal and rest period...

Continue Reading
Molex's VersaBeam Mini Pushes AI Data Center Limits

Updated Category News Views 3

Game-Changer for AI Data Centers? Across the tech landscape, space is a premium, and Molex's new VersaBeam Mini arrives like a hail Mary in the fourth quarter. In AI data centers, squeezing down every single component counts—especially when optical density's in play. What we're seeing here is a potential paradigm shift. A 3x density improvement from a tiny 3.5 x 9 mm...

Continue Reading
HNTB Expands in Capital Region: A Strategic Move

Updated Category News Views 2

Breaking New Ground in Arlington and Baltimore Deepening their stake in the Capital Region's future, HNTB has thrown open new office doors in Arlington, Virginia, and Baltimore, Maryland. We're not just talking fancy buildings, folks—this is about securing a piece of the infrastructure pie that's only going to get bigger and tastier. Infrastructure's the backbone of...

Continue Reading
NACD Honors Top Board Leaders with 2026 Awards

Updated Category News Views 12

Celebrating Boardroom Mavericks at NACD Gala September 2026 has brought some sparkling recognition to the elites guiding today's corporate governance landscapes. The National Association of Corporate Directors (NACD) has announced their Directorship 100 honorees, tipping their hats to stellar individuals firing on all cylinders in the boardroom. Who's Getting the Nod?...

Continue Reading
Nature-Based Solutions: The Economic And Community Impact

Updated Category News Views 8

Harnessing Nature to Boost Economies You ever stop to think about how nature itself might just be the best investment? Well, the Walton Family Foundation surely does, betting big on nature-based solutions. Their latest initiative, 'Human Nature,' is shedding light on how these solutions aren't just saving ecosystems — they're fortifying economies and enriching...

Continue Reading
Lavior and CR Fitness Team for Wellness Reach

Updated Category News Views 2

Botanical Care Meets Gym Life in the Southeast Lavior, the botanical whiz kids of wound and skin care out of Miami, are shaking hands with CR Fitness, Crunch's big-time franchise operator carrying the flag across the Southeast. They’ve ironed out a deal that’ll park Lavior’s products in more than 60 gyms covering Florida, Georgia, North Carolina, and Texas. It’s a...

Continue Reading
Lititz Mutual Embraces AI with Guidewire ProNavigator

Updated Category News Views 6

It's not every day you see a company like Lititz Mutual making moves in the artificial intelligence (AI) arena. Based out of Lititz, Pennsylvania, this insurance firm has decided to shake things up with Guidewire's ProNavigator AI assistant. Forging New Paths in Insurance Lititz Mutual is set to inject some serious tech into their operations. The goal? Make life easier...

Continue Reading
Spencer Peterman Hosts Eco-Friendly Wood Bowl Sale

Updated Category News Views 4

Just when you think you've seen it all in the world of craftsmanship, along comes a dynamo like Spencer Peterman. For over 25 years, he's been turning what others discard into treasures. Fallen trees? Most folks see firewood. Spencer sees a future masterpiece. And now, he’s rolling out the welcome mat for his loyal customers with a special sale that runs until December...

Continue Reading
Navigating AI's New Era: Dresner's 2026 Findings

Updated Category News Views 7

Big Insights in the AI World of 2026 Well folks, if there's one thing making waves in the boardrooms this year, it's AI. Dresner Advisory Services just threw down a gauntlet for companies with their fresh batch of reports focused on the dizzying world of AI. They ripped right into it, exploring how firms can bag a heap of benefits and deal with the hurdles that come with...

Continue Reading
U.N. Leaders Converge at NYSE, Forus Soars to $3B Valuation

Updated Category News Views 6

A Busy Morning at the NYSE with Key Guests and Global Events In a world where high-stakes diplomacy and roaring market bells go hand in hand, today brings the U.S. Secretary of State, Marco Rubio, to the New York Stock Exchange. With the 81st Session of the United Nations General Assembly shaking up the Big Apple, the city finds itself at the intersection of politics and...

Continue Reading

Top 5 Most Recently Viewed Articles

Executive Changes at National Vision: A New Chapter Begins

Updated Category News Views 158

Understanding the Leadership Changes at National Vision National Vision Holdings, Inc. (NASDAQ: EYE), a prominent player in the optical retail sector with a market capitalization of $846 million, is undergoing significant leadership transformations. Chief Financial Officer Melissa Rasmussen is set to step down after an essential transition period, leaving behind a legacy...

Continue Reading
Ray Dalio Urges Caution for Fed Amid Surging National Debt

Updated Category News Views 133

Ray Dalio Weighs In on Federal Reserve's Challenges Billionaire investor Ray Dalio has highlighted the difficulties that the U.S. Federal Reserve faces as it navigates the landscape of reducing interest rates amid a heavily indebted economy. Dalio's Recent Comments In a recent interview, Ray Dalio, the founder of Bridgewater Associates, pointed out that the Federal...

Continue Reading
REPKON USA Expands with Key Acquisition of McCormick Stevenson

Updated Category News Views 904

REPKON USA Acquires McCormick Stevenson Corporation REPKON USA Holdings Inc., a prominent player in aerospace and defense technology, has made a significant move by entering into a definitive agreement to acquire McCormick Stevenson Corporation. This engineering services firm, known for its specialization in munitions and various defense applications, will bring valuable...

Continue Reading
Exploring the Latest Options Activity for Intuitive Surgical

Updated Category News Views 315

Investors Eyeing Intuitive Surgical Options Activity Recent trends in options trading indicate that significant money flow is moving into Intuitive Surgical (ISRG), sparking interest among investors. Understanding these movements can provide insights for retail traders seeking an edge. Understanding Recent Options Trades Our analysis reveals that there have been some...

Continue Reading
The Oaks Club Welcomes Culinary Star Chef Appadurai

Updated Category News Views 3

Transformation on the Menu at The Oaks Club Some hires make more noise than others, and The Oaks Club in Sarasota is feeling the rumble with its latest appointment. Saravanan Appadurai, a culinary wizard with more than 25 years in the game, has been snagged from the posh halls of The Ritz-Carlton and the PGA Tour. What’s that mean for the club? Well, it’s not just a...

Continue Reading