Posted in Uncategorized, tagged Canada, Newfoundland, Old Harry, Quebec on March 28, 2011| Leave a Comment »
Odd Finnestad has provided some good background information on the Old Harry prospect.
“Old Harry is described as “the largest known undrilled marine structure in Canada”, with twice the potential of the Hibernia field off Newfoundland (up to 2-billion barrels of recoverable oil), or and three times the potential of the Sable Island gas field off the coast of Nova Scotia.” polemincandparadise.com
Posted in gas, offshore, Offshore Energy - General, oil, tagged Canada, Gulf of St. Lawrence, Old Harry, Quebec on March 28, 2011| Leave a Comment »
Quebec and Ottawa have struck a “historic” deal to allow the province to draw oil and natural gas royalties from the disputed Old Harry area of the Gulf of St. Lawrence, says Quebec Premier Jean Charest.
…The new deal is expected to give Quebec 100 per cent of the royalties from offshore resources. CBC News
Bud's Offshore Energy (BOE) 