NORTEX SCHEDULES EXPLORATION ON NORTHERN BELIZE FRONTIER TRACT

Nortex Corp., Houston, has acquired an exploration license covering more than 300,000 acres in northern Belize. The company is reviewing data to plan a seismic survey next year. The onshore license calls for a 12.5% royalty. Nortex said its block lies in a region that recently has seen a renewal of exploration, with Phillips Petroleum Co. taking a farmout on a tract just to the west in partnership with the Lucky Goldstar-Seahawk group. The combine has drilled a wildcat on which results have

More in Home