• Exploration rights to two parcels of land in the Jeanne D’Arc Basin offshore Newfoundland have been awarded. The winning bids totalled $16.3 million, representing the money the companies commit to spend in the first five years of the nine‐year terms awarded. Husky and Statoil are equal partners in a $15.5 million 74,000‐acre block. Husky also took a 67% interest, and Repsol a 33% interest, in a $1.2 million 345,000‐acre parcel in the basin.
  • Shoal Point has amalgamated with Allied Northern Capital, and the ongoing public company is now called Shoal Point Energy Ltd. Shoal Point is an oil and gas exploration company with a 61.5% interest in an oil‐in‐shale play on the west coast of Newfoundland, as well as a 6‐ 14% interest in a 40,000 acre shale gas and oil play in the Moncton Basin of New Brunswick.