News Releases 2014

NOTICE TO POTENTIAL BIDDERS CALL FOR BIDS NL13-01 (Area “C” – Flemish Pass) CALL FOR BIDS NL13-02 (Area “C” – Carson Basin) CALL FOR BIDS NL14-01 (Jeanne d’Arc Region)

For Immediate Release
August 5, 2014

RE: CLOSING DATE AND CHANGES TO TERMS AND CONDITIONS

The Board has now concluded the Eastern Newfoundland Strategic Environmental Assessment containing the parcels offered in Call for Bids NL13-01 (Area “C” – Flemish Pass), Call for Bids NL13-02 (Area “C” – Carson Basin) and Call for Bids NL14-01 (Jeanne d’Arc Region).

As a result, the closing date for Calls for Bids NL13-01, NL13-02 and NL14-01 will now be December 12, 2014 at 11:30 a.m. NST.

As noted in our Notice to Potential Bidders dated May 20, 2014, the Board has also amended the terms and conditions of the Sample Exploration Licence found in Schedule IV of Calls for Bids NL13-01 and NL13-02 to be consistent with those announced on December 19, 2013 in the new Scheduled Land Tenure Regime:

  • The minimum bid will be increased to $10 million.
  • Allowable expenditures may be claimed for those permitted expenses incurred from the date of the initial announcement of the call for nominations for that scheduled round up to and including the effective date of the licence. These new credits would be in addition to those allowable expenditures available for credit during the term of the licence.
  • The Interest Owner may, at its option, extend Period I for additional years to a maximum total of three (3) extensions by posting a drilling deposit with the Board before the end of Period I or any additional year extension of Period I in the following amounts:

    Period I A – 1 year extension – $5 million
    Period I B – 1 year extension – $10 million
    Period I C – 1 year extension – $15 million

    If a drilling deposit is posted, it will be refunded in full if the well commitment is met during the respective period of extension. Otherwise, the drilling deposit will be forfeited upon termination of that period extension.

Media Contact:
Lesley Rideout
Public Relations Coordinator
(709) 778-4224
(709) 725-2900 (cell)
lrideout@cnlopb.nl.ca


News Releases 2014

DateUpdate
2014, Dec 16C-NLOPB Announces Update of Reserve Estimate for the Hibernia Field
2014, Dec 12C-NLOPB Releases Results for Calls for Bids NL13-01, NL13-02 and NL14-01
2014, Nov 14C-NLOPB announces results of Call for Bids NL13-03
2014, Nov 13Offshore safety conference draws international experts to Newfoundland and Labrador
2014, Sep 30C-NLOPB Statement on the Dedication of the Offshore Helicopter Accident Memorial
2014, Sep 29White Rose Extension Project Public Review Report Released
2014, Aug 21C-NLOPB issues Calls for Nominations for Offshore Lands
2014, Aug 5Eastern Newfoundland Strategic Environmental Assessment now available
2014, Aug 5NOTICE TO POTENTIAL BIDDERS CALL FOR BIDS NL13-01 (Area “C” – Flemish Pass) CALL FOR BIDS NL13-02 (Area “C” – Carson Basin) CALL FOR BIDS NL14-01 (Jeanne d’Arc Region)
2014, Jun 12Harris Centre to Conduct Public Review of White Rose Extension Development Plan Amendment
2014, Jun 11C-NLOPB Announces 2014 Call for Bids (Jeanne d’Arc Region)
2014, May 22Notice to Potential Bidders re: Eastern Newfoundland Region Sector Identification
2014, May 22Notice to Potential Bidders re: Labrador South Region Sector Identification
2014, May 20NOTICE TO POTENTIAL BIDDERS CALL FOR BIDS NL13-01 (Area “C” – Flemish Pass) AND CALL FOR BIDS NL13-02 (Area “C” – Carson Basin)
2014, May 15Notice to Potential Bidders Call for Bids NL13-03 (Area “B” – Western Newfoundland and Labrador Offshore Region)
2014, May 7L’OCTNLHE diffuse la Mise à jour de l’évaluation environnementale stratégique de la zone extracôtière de l’Ouest de Terre-Neuve et du Labrador
2014, May 5C-NLOPB Delivers Western Newfoundland and Labrador Offshore Area Strategic Environmental Assessment Update
2014, Mar 11As the C-NLOPB remembers those lost, work continues to improve offshore helicopter passenger safety
2014, Mar 10Notice to Potential Nominators – Areas of Interest
2014, Mar 5C-NLOPB Invites Comments on Draft Eastern Newfoundland Strategic Environmental Assessment Report