NLIS 3 December 12, 2000 (Mines and Energy) The following is being released at the request of the Canada-Newfoundland Offshore Petroleum Board: 2000 land sale results The Canada-Newfoundland Offshore Petroleum Board today announced the results of the 2000 Call for Bids for exploration rights in the Newfoundland offshore area which closed on December 11, 2000. Bids were selected on 10 of the 14 parcels offered (Land Plats are available). The bids represent the expenditures which the bidders commit to make in exploring the parcels during the initial five-year period of a nine-year term exploration licence. The following bids have been conditionally selected:
Subject to ministerial approval and the bidders satisfying the requirements specified in the Call for Bids, the board will issue an exploration licence for each of the 10 parcels in January 2001. The licences will be for a term of nine years, with an initial period of five years. Media contact:
2000 12 12 1:50 p.m. |
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