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Oil Discovery in Orange Walk District

Maranco Energy Belize Limited, on March 30, 2013, discovered an encouraging oil show at the South Canal Bank #1 exploration well in their concession area in the Orange Walk District.

Further and necessary testing is ongoing to determine the commercial potential of the oil show. The Geology and Petroleum Department personnel are on site and are closely monitoring the situation.

The Ministry of Energy, Science & Technology and Public Utilities will provide a public update within a fortnight or as soon as new and additional information is forthcoming.