• Following favourable identification and interpretation of seismic anomalies, Forent Energy is moving forward with the conventional exploration of its 750,000 acre onshore Alton Block in Nova Scotia. Forent Energy intends to accelerate its exploration drilling program in the fall, aiming to initiate drilling operations in the fourth quarter of this year.
  • Production of the Hibernia South oilfield is projected to begin between April and June of this year. Production is expected from the southern part of the field, which is estimated to contain approximately 260 million barrels of crude. The Hibernia South partners are ExxonMobil, Chevron Resources Canada, Statoil Canada, Suncor, and Nalcor Energy.