This is what's really holding up Belize Oil I d

This is what's really holding up Belize Oil

I don't know if you folks are keeping up with the Belize Superbond issue but Barrow is pushing hard for a debt restructuring based on the onerous interest rates and the declining petroleum and tourism revenues.

His bargaining position is, as in the case with all debtors, that he doesn't have the money. That is why they don't want Treaty blabbering about how much oil they are about to start pumping out of the ground or start throwing around estimates of recoverable oil.

Here's an article from a few days posted on Bloomberg that gives the latest on the Superbond, this is everything when it comes to getting the Belize news.

http://www.businessweek.com/news/2012-07-31/d...ng-markets