Oil Discovery in Orange Walk District

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.

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