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Nalcor Energy

Contact:

Phone: 709-737-1440
Fax: 709-737-1800
Email: info@nalcorenergy.com

About Nalcor Energy:

Nalcor Energy is committed to taking a leadership role in the exploration and development of our oil and gas resources both offshore and onshore, fulfullment of its mandate in the Energy Plan.In 2008, the company completed the acquisition of a 4.9 per cent working interest in the Herbron oil field, the province's fourth offshore oil project; and also completed the acquisition of a five per cent working interest in the White Rose Extension Project in early 2009. First production from North Amethyst is anticipated in early 2010.

In June 2009, Nalcor signed the Hibernia Southern Extension Memorandum of Understanding (MOU) which will guide us to the completion of our third offshore equity acquisition by February of 2010. Nalcor will acquire a 10 per cent equity interest in this offshore project.Nalcor has also acquired an average 67 per cent working interest in three onshore exploration permits in the Parsons Pond area on the Great Northern Peninsula.Nalcor will also obtain a 10 per cent equity position in all future oil and gas projects requiring a Development Plan Approval.

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