Dear Visitor,

Belize Natural Energy (BNE) was founded on the deep rooted belief that the country of Belize is blessed with sufficient oil and gas resources to positively transform the entire country.

In June 2005, BNE struck oil in the Cayo District of Belize while drilling its first exploration well, the Mike Usher No. 1 well. The February 1, 2009 engineering report indicates that the current proved developed producing reserves in the Spanish Lookout Field are in the order of some 10.74 million barrels of crude oil. As of May, 2009, production from ten (10) producing wells was on the average of 5,000 barrels of crude oil per day.

All the requisite infrastructure (pipelines, storage tanks, port facilities, etc.) coupled with the support systems and corporate structure have either been completed or are in the final phase of completion. Operations are now smooth and efficient.

BNE intends to continue its exploration program with the goal to increase its oil and gas reserves in the license area during the exploration phase of the Production Sharing Agreement (PSA).

Even though BNE is still in its early stages of development, our efforts have made a significant impact on the socio-economic development of Belize through income and employment generation, foreign exchange earnings, health and education support activities, and community development.

On behalf of Belize Natural Energy, I invite you to browse our site. Thanks for the visit.

Dr. Gilbert Canton
President & CEO
Belize Natural Energy Ltd.