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  • rgb
    September 18, 2014 - 03:49

    Perhaps the government now realized a major O&G is a better fit ....Go figure

  • Cindy
    December 15, 2013 - 08:27

    I am very pleased to see our Government finally make a decision to protect the people and our environment.

  • average joe
    December 14, 2013 - 16:58

    Well, well; the Anti's have had a great year on the west coast driving away new business..No worries though, there should be lots of work in tourism..I wonder what the average wage in that industry is?

  • XWORKNDOG
    December 13, 2013 - 14:54

    WOW it looks like if the govt doesn't like you here they can have you put down, and it appears the nice people in NL would agree with it. So it is ok for the govt to steal investors money and give it to their buddies, just like in Russa . It would seem that it is ok for the BIG oil companies to FRACK the ocean floor to get their oil , by the millions of barrols every year that is used to pollute our planet but when a small company spends millions to develop a resource to make it valuable the govt uses its sweeping communist powers to steal it with the help of the unwitting people--this action is being heard around the world ,even as you read this, there are people sending news of NLs actions , the investment community world wide will be made very aware of what the govt has done here and how the people supported them

    • Information-Based
      December 15, 2013 - 03:01

      Get over yourself, comrade... back in reality, this is about a company "not using it and losing it" even after a year's extension. Sure it's a big pile of money, but they knew the risks beforehand. I'm no fan of this gov't either, by the way, but your take on the matter is a little out to lunch.

  • barry
    December 13, 2013 - 14:07

    this just smells funny to me, there will be fracking in newfoundland,.they are taking this land from shoal point energy to give to a bigger comapny with more money and more power, power so the people protesting will have no rights at all, at least with shoal point it would move slow and then you would get all the answers from fracking and you could watch it closely, but when the big pockets move in, its going to be fast,

  • barry
    December 13, 2013 - 14:05

    this just smells funny to me, there will be fracking in newfoundland,.they are taking this land from shoal point energy to give to a bigger comapny with more money and more power, power so the people protesting will have no rights at all, at least with shoal point it would move slow and then you would get all the answers from fracking and you could watch it closely, but when the big pockets move in, its going to be fast,

  • len
    December 13, 2013 - 12:07

    strange this lease is upto 130 km from the park yet other companies fracking for gas sit on the parks back door ,yet go unquestioned, this action could not be a result of this company finally realizing the true value of it's assets and the govt. wanting a bigger cut. two months back I was warned about investing in a russian company now I know what my broker was talking about, I won't be investing in NL ever again. This govt took this resourcs because of it.s value and no other reason,their lack of regard for the investors who lost 10s of millions to govt greed will be heard for a long time and I for one will help spread that message

  • Robert
    December 13, 2013 - 11:51

    May I suggest this $1 million be held in trust until a decision is made. It does seem rather hostile to simply take the money and run but at the same time in the oil business being in line with regulations (that do and will change) is all part of the oil business. Imagine all the moneys tied up in Western Canada while the USA decides if it wants a pipeline down through its bread basket!!

  • Jim
    December 13, 2013 - 11:49

    It is unfortunate that the government has treated this company poorly. It would be nice to see a growth in the economy while companies maintain safe practice. It has been done for many years in Canada without a single case of drinking water contamination. Many friends have moved to Alberta in search of quality employment. I guess we will see the final outcome in time.

  • Virginia Waters
    December 13, 2013 - 10:19

    Not impressed by the PR campaign Shoal Energy mounted on the fracking front. Don't like tired old politicians trying to soft-sell a technology about which they know precious little - especially when they have friends in the industry. Don't know what the future is for fracking but do know that its far too early to give it the green light. And if, at some point in the future, it is found to be reasonable under very limited circumstances, it should never, ever be approved for use alongside a national park. Not sure how much of the $1 million loss cited by Shoal Energy actually stems from the fracking ban. Need more details on the parcels, the time frames, the commitments and the extent to which changes in government policy impacted those commitments. That said, and while I have no love for people who feel that public lands are theirs to use as they see fit, I think the company should be compensated to the extent it can prove it was treated unfairly by government.

  • barry
    December 13, 2013 - 10:08

    you give a company a lease of land to drill on for oil, they pay 1 million dollars for that lease, they discover a huge amount of oil on that land, then you change the rules so they can not drill any longer, time runs out, you take the land back from that company along with the 1 million dollars , then you sell it to another company for a much greater amount of money because now everyone knows how much oil is on that lease. is this correct? im just trying to figure out how this system works?

  • barry
    December 13, 2013 - 10:06

    you give a company a lease of land to drill on for oil, they pay 1 million dollars for that lease, they discover a huge amount of oil on that land, then you change the rules so they can not drill any longer, time runs out, you take the land back from that company along with the 1 million dollars , then you sell it to another company for a much greater amount of money because now everyone knows how much oil is on that lease. is this correct? im just trying to figure out how this system works?

  • Jack
    December 13, 2013 - 09:15

    While I admit that I'm against hydraulic fracturing, I'm more than appalled at the Newfoundland and Labrador Government and Canada - Newfoundland and Labrador Offshore Petroleum Board for not only taking away exploration licenses from junior exploration companies like Shoal Point Energy and one of its parent companies, Canadian Imperial Venture, but also stealing money from them as they won't refund the $1 million deposit. As a result of the Dunderdale Government's thievery and act of political piracy, junior and regular exploration companies will no longer be willing to come to Newfoundland and Labrador to search for valuable resources needed to grow our economy; in short, every single Newfoundlander and Labradorian will suffer. Keep in mind that $1 million may not seem much to an oil giant, but for a junior exploration companies trying to establish themselves like Shoal Point Energy and Canadian Imperial Venture, its a considerable amount of money. That is why the Dunderdale Government and C-NLOPB must do the right thing and return the $1 million deposit to Shoal Point Energy. Otherwise, their actions will deter future junior or regular companies from investing in this province and hurting much needed jobs in the process.

    • Al
      December 13, 2013 - 18:33

      No Government should ever do what the Newfoundland Government has done; bullying and stealing money from junior Companys and it's investors. This sends a strong message that future junior companies need not bother investing in Newfoundland and Labrador, as the Government can't be trusted.

    • amy king
      December 18, 2013 - 16:13

      They took Shoal Point's money , stopped them from fracking and refused to renew their license. What kind of skullduggery is this? Newfoundland you are the laughing stock of the stock market world.