Petroleum Exploration Opportunities in Jeanne d'Arc Basin , Call for ...

Emergence of Nalcor Energy
• Formation in 2007 of Nalcor Oil and Gas Inc. subsidiary
that acquired interest in several offshore fields: North
Amethyst, West White Rose and South White Rose
Extension (6.5%), Hebron (4.9%) Hibernia South (10%)
• Summer 2009, Nalcor farms into the “Parson Pond”
Exploration Permits located onshore in the Appalachian
Paleozoic trend; may be followed by other Nalcor direct
involvement with exploration projects
• Petroleum Exploration Enhancement Program (PEEP)
financed in 2008-9 9 a Western Newfoundland onshore
aeromagnetic regional survey ; PEEP is a initiative of the
Energy Plan and is focused on improving geoscience
knowledge of Western Newfoundland onshore
• A further $20 million was provided to fund the ongoing
Offshore Geoscience Data Project
Enachescu, NL DNR 2009