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Joined: Oct 1999
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Marty Offline OP
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The Government of Belize has issued several offshore petroleum exploration contracts to companies such as Princess Petroleum, SOL Oil, Providence Energy and Island Oil, but Oceana in Belize has gone to the Supreme Court asking for judicial review, in a claim calling on the court to declare the contracts invalid, on the basis of violations against the Petroleum Act.

Vice President of Oceana in Belize, Audrey Matura-Shepherd, said that case management was held on February 23, but a date has not yet been set for hearing.

The essence of the claim is that Oceana is challenging the legality of the contracts on the basis that the government did not follow the law in issuing the contracts, such as ensuring financial requirements for the companies are met, and also ensuring consultation with Belizeans on the matter.

Matura-Shepherd noted that the Princess Petroleum contract was issued over Belize's world-famous Blue Hole, where the eminent Jacques Cousteau came to dive in the early 1970s.

The suit, said Matura-Shepherd, is directed at the Ministry of Natural Resources and the Environment.

The Belize Coalition to Save Our Natural Heritage has been promoting a ban of offshore drilling, but the only concession that the Barrow administration has made is to maintain a moratorium (or a temporary freeze) on the 1,800 acres relinquished by the Taiwanese in October 2010.

The Coalition had pleaded with the Government not to reissue the concession, and Cabinet later approved the temporary moratorium.

Other offshore contracts include those given to Miles Tropical Energy Ltd. (Oren Miles, President, Olney, Illinois); Princess Petroleum Ltd. (Sudi Ozkan, President, Newtown Barracks, BZ City); Providence Energy Belize Ltd. (Todd Mortenson, TX, USA); SOL Oil Belize Ltd. (Carlos Arango, Marina Towers, Suite 302, Newtown Barracks) - all on October 12, 2007; and Island Oil Belize Ltd. (Steve Reilly, President, San Francisco, CA) on May 25, 2004.


Joined: Oct 2000
Posts: 732
This is a great map... they should print it and have it for sale in gift shops.

Joined: Oct 1999
Posts: 84,392
Marty Offline OP
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from a friend....


An old game in Belize heats up. Not since the 1960´s and 70´s have we seen such action.

March 1, 2012, 8:00 a.m. EST
AllEnergy Corporation Acquires an Interest in a 2 Million Acre Belize Oil & Gas Concession. News story more or less from unknown online sources.

DES MOINES, IA, Mar 01, 2012 -- AllEnergy Corporation (pinksheets:AFSE) ( ), a growth-oriented international energy company, today reported signing a contract for an interest in a 2 million acre Belize oil and gas concession. AllEnergy purchased a non-dilutive four percent interest in a Belize corporation that owns half of the concession with an option to acquire an additional six percent by March 12th, 2012. Additionally the contract also calls for an option to purchase up to fifteen percent of an additional concession consisting of another 1 million acres.

Interest in politically owned concessions through FRONTS is a self enrichment strategy that has developed over the past ten years by corrupt Belize politicians and is the subject of much debate in the country media. Finding ways to transfer the money, or substitutes for cash to avoid money laundering laws, has become an art form for Belize politicians and those who would bribe them. No implication intended here for ALL ENERGY Corporation, just a swipe during our current week of general elections and those running for office, who are notorious in the country of Belize.

Dean Sukowatey, President and CEO of AllEnergy Corporation, stated, "We are extremely pleased to have completed the acquisition of this interest in Belize and to have the option to acquire an additional interest in 1 million acres. The amount of potential here is tremendous and we look forward to developing this prospect along with our partners in Belize." I´m sure we will welcome any drilling this new name in the game will do, and the employment it provides for our people.

About AllEnergy Corporation AllEnergy, an international energy company, is engaged in the acquisition, development and production of oil and natural gas. AllEnergy acquires and develops oil and gas leases which have "proven but undeveloped reserves" at the time of acquisition. These properties are not strategic to large exploration-oriented oil and gas companies. This strategy allows AllEnergy to develop and produce oil and natural gas with tremendously decreased risk, cost and time involved in traditional exploration.

Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.

The new game in Belize is an old one in more sophisticated markets. Selling real estate lots on the moon hasn´t happened yet in the local milieu, like it happened decades ago in Florida, but certainly there is more money to be made from selling stock in Gold mines, oil exploration blocks and so forth. Especially since Belize has two producing oil field small underground lakes. The local people are just starting to become self educated in this field, which has been around and exploited for the last fifty years in Belize, until new foreign stockholder investors dry up. There was a time, when companies selling oil stocks were called after popular USA powdered washing soap brands, like Ajax and Tide. Doctors and Lawyers in the good ole USA, who think they are smart are the main targets for such pie in the sky dreams.

Our politicians love these kind of guys and have developed their own way of taking them to the cleaners. Minnows feeding off the sharks. Then of course, you NEVER KNOW? Somebody might actually strike another lake of underground oil and become instant billionaires?

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