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Oil! Question? #177751
06/09/05 11:08 AM
06/09/05 11:08 AM
Joined: Nov 2002
Posts: 3,484
San Pedro
S
Sir Isaac Newton Offline OP
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Sir Isaac Newton  Offline OP
S
They are nearly positive that there is enough oil in belize to produce 1000 to 5000 barrels a day. If true, full scale production could begin in 2 years.

Is this a good/bad thing for Belize?


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Re: Oil! Question? #177752
06/09/05 11:55 AM
06/09/05 11:55 AM
Joined: Jul 2000
Posts: 1,925
inuvi
papashine Offline
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papashine  Offline
Depends what happens to the revenues. If wisely reinvested into the Belize economy,I would say that it would be a very good thing, guess we are going to have to wait and see.


Reality..What a concept!
Re: Oil! Question? #177753
06/09/05 01:34 PM
06/09/05 01:34 PM
Joined: Oct 2004
Posts: 3,888
reaper Offline
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reaper  Offline
Where is it going to be refined? What pal of GWB is drilling? Who owns the rights? cool

Re: Oil! Question? #177754
06/09/05 01:44 PM
06/09/05 01:44 PM
Joined: Jul 2000
Posts: 1,925
inuvi
papashine Offline
.
papashine  Offline
Right now all I could offer is a crude guess!


Reality..What a concept!
Re: Oil! Question? #177755
06/09/05 01:52 PM
06/09/05 01:52 PM
Joined: Oct 2004
Posts: 26
San Pedro
I
ilCATTIVO Offline
 
ilCATTIVO  Offline
I
The factor to be considered is how many wells will be required to be punched to get that production. If the whole country has that capacity and you have to drop hundreds of wells across Belize to reach those goals it simply becomes unafordable from the setup standpoint. If they have specific areas that can produce those numbers through a handfull of wells then it might make $ense. If I understand correctly don't all mineral rights here belong to the GOB?


cheers!
Re: Oil! Question? #177756
06/09/05 01:59 PM
06/09/05 01:59 PM
Joined: Feb 2003
Posts: 4,001
New Jersey/sanpedro
captjeff Offline
.
captjeff  Offline
And there you have it..[bohica.]=bend over here it comes again..


Living The Dream Every Day!
Re: Oil! Question? #177757
06/09/05 02:27 PM
06/09/05 02:27 PM
Joined: Mar 2001
Posts: 2,681
Illinois, Arkansas,South Dakot...
bywarren Offline
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bywarren  Offline
It will be interesting to see where the money is to come from for this venture. There have been companies that have researched this in the past and it was determined by those companies that were putting their own money into this that it was not feasable.

Either the technology has advanced to show potential in Belize, or this is another "company" that seeks outside investors and has no financial exposure of their own.

Re: Oil! Question? #177758
06/09/05 02:43 PM
06/09/05 02:43 PM
Joined: Oct 2004
Posts: 3,888
reaper Offline
.
reaper  Offline
Probably gonna be owned by FOC U. Fonseca Oil Co. Unlimited! Or A.S.S, Ashcroft Service Stations. Or BUGGER EM, Belize United Geological Gas Exploration Resource Enterprise, Musa. laugh cool

Re: Oil! Question? #177759
06/09/05 03:12 PM
06/09/05 03:12 PM
Joined: Feb 2003
Posts: 4,001
New Jersey/sanpedro
captjeff Offline
.
captjeff  Offline
there you go again reaper to funny ,your on fire ,no pun intened,my brother.


Living The Dream Every Day!
Re: Oil! Question? #177760
06/09/05 05:04 PM
06/09/05 05:04 PM
Joined: Apr 2004
Posts: 381
Savannah, GA USA
C
CrackerLarry Offline
 
CrackerLarry  Offline
C
And how much will it cost the tourism industry the first time a ship runs aground and spills a half million gallons?

Yall ever had to clean oil off of a few thousand seagulls? It's a pain, but probably easier than cleaning it off the crocs.

Balls of it on the beach gettin all ova ya shoes, in ya hair.

You local folk, do whatever you can to avoid it. Money ain't everything.

How can you tell what it used to be when there's nothing left to see? (yes, it's plagarism)

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