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.