Newfoundland and Labrador offering millions for exploration to open new oil frontiers

The Canadian Press: Premier Tony Wakeham opened an annual energy conference in St. John’s, N.L., Tuesday by announcing a call for exploration bids off the province’s east coast. There have been no takers in the past few years, but Wakeham seemed determined that this year will be different.

His government is offering up to $30 million to offset the cost of drilling a well in an area that could open a new oil frontier, he announced to the audience of roughly 75 people gathered in a St. John’s conference centre…

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