Friday, August 10, 2007

Hebron Restart?

Okay, this is big news if you live in Newfoundland.
Newfoundland and Labrador Premier Danny Williams confirmed Thursday that formal talks have restarted for the proposed offshore Hebron oilfield, Canadian media reported Friday.

As some of you may recall:
Negotiations stalled last year after Williams insisted on a 4.9% equity stake in the project, along with a higher royalty rate for the province. The consortium had been seeking tax breaks, and in April 2006, Hebron operator Chevron Canada Ltd. disbanded its project team.

I have posted about Hebron in the past. I highly suggest checking them out, I think there's value-added in those posts, unlike what usually comes across here.

Regardless, if Danny pulls this off, we will institute him as king. Seriously.

No comments: