Discovery of Labrador Deep-Water Basins Announced

CBC News – Posted: Jan 31, 2013 5:46 PM ET: Nalcor Energy is excited about the discovery of three new deep-water basins in the Labrador Sea — basins that could contain oil. President Ed Martin brought the big news to the Newfoundland and Labrador Oil and Gas Industries Association’s annual general meeting Thursday. He said seismic and satellite surveys reveal the new basins.