Friday, November 24, 2006

 

What came first the balloon to sell or the increase in balloon size?

Ottawa looking to sell Hibernia stake
http://www.cbc.ca/money/story/1999/09/10/hibernia990910.html
http://www.theindependent.ca/article.asp?AID=819&ATID=2
http://www.liberal.nf.net/news_releases_2005/feb_16_grimes_hibernia.htm
All of the low hanging fruit have been picked seeing as these contracts were front end loaded to recoup investment first.

Husky Energy raises estimate of White Rose offshore oilfield
http://www.cbc.ca/money/story/2006/11/16/huskywhiterose.html
Husky suspects that they won't get a chance and the shares will go to their rightfull owner NL. By releasing the new finds now the province will look like they are getting a better deal and let hebron go ahead.

I'm also curious why the premier of NL didn't request a stipulation that any new discoveries with this new parcel allocation have a 5% equity stake or fallow field legislation as apart of any new exploration?
http://www.cnlopb.nl.ca/
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