It has been reported that more oil has been discovered. The reports are that they are getting about 500 barrels a day of very high grade oil. This can only mean good things for Belize. The government is supposed to get 7% of all oil sold. Right now it is not a huge thing but with the possibility of more wells being drilled, this could be a big help to the financial status of Belize and its value in dealing with the world market. The next step will be continued testing over the next few months to determine conclusively if this find is indeed a commercial quantity of oil. All indications are positive, however, as officials from both the Belize Natural Energy Limited and the Department of Geology and Petroleum have confirmed that all evidence is pointing to big things ahead for all Belizeans.