Belize is said to be exploratory so suck it up! SJ
Post# of 39368
Belize is said to be exploratory so suck it up! SJ #1 & #2 have traces of hydrocarbons i.e oil via two methods of analysis. The GOB wont' back that evidence for declaring it viably commercial or "allow Treaty to turn on the faucet" based on the GOB's standards. BNE i.e. Belize Natural Energy for you layman was put under the same scrutiny and had "struck oil" far before the GOB would allow them to claim it as commercially viable. BNE found 10's of millions of barrels later on over a period of years. The GOB wants 8 wells drilled around the perimeter of the 6mm barrel resevoir perimeter and all at certain depths that will provide enough evidence that meets the GOB standards. TECO had funding for the SJ1 & 2 but will fund SJ3 with their own funding. Do you really think that TECO's CEO, Co-CEO, CIO and CFO who is a director for the 20th most profitable E&P company in the world would pursue Belize unless 100% confident of it being worthwhile? Who the fock are you to question these subject matter experts? Sell your shares if unhappy with Belize but you had half a brain then you have done that by now since your so-called "disappointment would go as far back to January, 2012. IMO your a member of the Ihub crew or a shareholder who invested in a business they don't understand or someone who can't listen to the Belize explanations and plans in the CC. Wow!