There has been an oil Discovery in the Orange Walk District. According to Maranco Energy Belize Limited, on March 30, they discovered an encouraging oil show at the South Canal Bank #1 exploration well in their concession area in the Orange Walk District. What exactly is the commercial quantity at that well is still to be determined as the company says further testing is ongoing to determine the commercial potential of the oil show. The Geology and Petroleum Department personnel are on site and are closely monitoring the situation. The Ministry of Energy, Science & Technology and Public Utilities says it will provide a public update as soon as additional information is forthcoming.