News Releases 1998

1997 LAND SALE RESULTS

For Immediate Release
January 14, 1998

The Canada-Newfoundland Offshore Petroleum Board today announced the results of the 1997 Call for Bids for exploration rights on parcels 5, 6 and 7 situated off the west coast of Newfoundland. Bids were received on all three parcels and all bids satisfied the basic requirements of the call. The Bids represent the expenditures which bidders commit to make in exploring the parcels during the initial 5-year period of a 9-year term exploration licence.

The following bids have been conditionally selected:

Parcel No. 5 (133,260 hectares)     Vulcan Minerals Inc.     $ 57,999.00

Parcel No. 6 (103,900 hectares)     Vulcan Minerals Inc.     $105,999.00

Parcel No. 7 (247,267 hectares)     Vulcan Minerals Inc.     $ 21,900.00

Subject to Ministerial approval and the bidder satisfying the security deposit requirements specified in the Call for Bids, the Board will issue exploration licences respecting all three parcels.

For further information, please contact:

John G. Fitzgerald
Chairman(Acting)
Tel: (709) 778-1452

D. Angus Taylor
Manager, Legal and Land
Tel: (709) 778-1458


News Releases 1998

DateUpdate
1998, Dec 22C-NLOPB Restricts Oil Production at Hibernia
1998, Dec 41998 Maps / Cartes
1998, Dec 3C-NOPB DECLARES CONFIGURATION OF TERRA NOVA COMMERCIAL DISCOVERY AREA
1998, Sep 181998 LAND SALE RESULTS
1998, Aug 21C-NOPB Releases its Decision Respecting the Application by the Terra Nova Alliance to use alternate standards for the selection of structural materials and the fabrication of the topsides modules for the Terra Nova Production System.
1998, Aug 21Backgrounder – The Role of the Certifying Authority
1998, Aug 21Backgrounder – C-NLOPB’s Regulatory Query Process
1998, Jul 15Terra Nova Engineering
1998, Jul 7HIBERNIA GEMEVAC INCIDENT
1998, Jun 30TERRA NOVA ENGINEERING
1998, Jun 17C-NOPB MAKES SIGNIFICANT DISCOVERY DECLARATION
1998, May 13NEW CHAIR AND CHIEF EXECUTIVE OFFICER APPOINTED FOR THE CANADA-NEWFOUNDLAND OFFSHORE PETROLEUM BOARD
1998, Mar 101998 Call for Bids
1998, Jan 15C-NLOPB APPROVES TERRA NOVA CANADA-NEWFOUNDLAND BENEFITS PLAN AND DEVELOPMENT PLAN
1998, Jan 15C-NLOPB APPROVES TERRA NOVA CANADA-NEWFOUNDLAND BENEFITS PLAN AND DEVELOPMENT PLAN
1998, Jan 15L’OFFICE CANADA – TERRE-NEUVE DES HYDROCARBURES EXTRACôTIERS APPROUVE LE PLAN DE RETOMBéES éCONOMIQUES ET LE PLAN DE MISE EN VALEUR DE TERRA NOVA
1998, Jan 141997 LAND SALE RESULTS