The
Blue
Creek
2A
ST
well in
the
Peten
Basin
of
northwest
Belize was
drilled
to
a
measured
depth
of
11,650
feet.
The
AIM-listed
junior
said
that
analysis
had
led
to
a
decision
that
“insufficient
commercial
quantities
of
moveable
hydrocarbons
were
present
to
merit
running
casing
and
well
testing
operations”.
The
explorer
said
live
oil
shows
had
nonetheless
been
encountered
in
the
Y3
and
Hillbank
formations
at
the
prospect,
as
had
been
uncovered
by
the
Blue
Creek
2
well
in
November.
The
explorer
said
the
well
data
on
both
probes
pointed
to
an
active
hydrocarbon
system
on
Blue
Creek.
Chief
executive
William
Kelleher…
