The Geology and Petroleum Department of the Ministry of Natural Resources today
confirmed Reporter's story of five weeks ago that traces of oil had been discovered in the
In the release, the Geology Department refers to the oil find as "the Calla Creek Oil
Show". The department reports that Peter and Hero Margassen found "unmistakable traces
of crude oil" at a depth of 130 feet while drilling for water on their farm near Clarissa
Falls, some two miles north of the Western Highway.
A local company, Belize Oil Exploration and Drilling , is already negotiating the option to
drill on block 5, where the Calla Creek Oil Show is located. Geology and Petroleum Director
Mrs. Evadne Wade, "out on a seminar" when Reporter first broke the story, reports that
the samples of crude yielded API values of 25.6 to 16.04 degrees, with a sulphur content
Minister of Natural Resources, Johnny Briceņo, out of the country five weeks ago, has
commented that the oil show looks "promising," but declined to comment further until the
Petroleum Department completes a wide range of tests and other analyses.