Treaty Energy Belize is an oil exploration company that operates under the umbrella of Princess Petroleum. But in April the Supreme Court declared the Princess Contract null. So why have they resumed drilling operations? In a press release, they said they would based on the advice from their attorneys at Barrow and Williams and Prime Minister Barrow's press statement. The PM had said that there was nothing stopping them since the injunction was against the government not the oil companies.
And so, according to OCEAN, Treaty Energy has started exploratory work again at a well called San Juan #3. OCEANA maintains that any work Treaty does under the umbrella of the Princess concession is "unlawful, null and void."
OCEANA also reports that Government has applied for a stay of execution of the injunction issued by Justice Legall to be removed so Treaty and Providence can continue their work.
Hearing for that is scheduled for May 28, 2013 before the Chief Justice.
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