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Onshore our West Coast, Hunt’s Port au Port No. 1 flowed 1742 b/d
from 3,460 meters. 1998 information release found oil source for
Port au Port No. 1. Amoco's well at Parsons Pond is now testing oil.
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Off of our east coast Chevron has just announced that their Hebron well
found 600 million barrels of oil, up from their previous claim of just
195 million barrels. The 1.5 Billion Barrel Hibernia oil field (whose
platform is ahead of schedule and under budget) had it's first two wells
producing oil at 60,000 B/D each! (The new Canadian record) Contracts
are now being let to develop Terra Nova oil field.
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