Saturday, November 6, 2010

BELIZE - TREATY ENERGY CORPORATION SOON TO DRILL FIRST WELL!

TREATY ENERGY CORPORATION( TECO) SOON TO START FIRST DRILLIN FOR OIL IN THEIR CONCESSION

So far in Belize the oil has been found in two locations in what we could call PONDS. They are not big by international standards, but can produce a billion dollars or so in exports each.
Radar Satellite Solutions ( RSS ) is finishing the aircraft locating surveys to choose a drilling site. The 200,000 acre concession has been narrowed down to 10,000 acres and is now being refined to a best choice position to drill for oil. What RSS has done is fly over the two existing oil field ponds, or underground lakes of oil in Spanish Lookout area which are producing. The resultant 3 D geophsical map underground of the existing formations, give a baseline to judge from when doing their own concession exploration. The system being used to explore is via satellite technology and the next exploration will be by fly overs using more airborne high resolution data via gamma ray spectrometry. So far their best choice location is high in altitude in Belize and up around 3000 ft. The highest elevation in Belize is around 3600 ft.

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