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Nova Scotia – “The Next Play”

Nova Scotia – “The Next Play”. APPEX 2008 Kim Doane Manager, Petroleum Resources March 6, 2008. Nova Scotia Dept. of Energy Suite 400 - Bank of Montreal Bldg. 5151 George Street P.O. Box 2664 Halifax, N.S.,B3J 3P7 phone: (902) 424-7146 e-mail: doaneka@gov.ns.ca

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Nova Scotia – “The Next Play”

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  1. Nova Scotia – “The Next Play” APPEX 2008 Kim Doane Manager, Petroleum Resources March 6, 2008 Nova Scotia Dept. of Energy Suite 400 - Bank of Montreal Bldg. 5151 George Street P.O. Box 2664 Halifax, N.S.,B3J 3P7 phone: (902) 424-7146 e-mail: doaneka@gov.ns.ca Website: www.gov.ns.ca/energy

  2. Rebuilding for 2008 and beyond Offshore - Agenda #1 Geoscience Opportunities -Put new geological ideas in front of both current and potential investors #2 Policy Initiatives - Implement new upstream policies that harness the industry’s drive to secure a competitive advantage #3 Regulatory Improvements -Aggressively pursue regulatory efficiency #4 Promotion - Continue to aggressively promote our potential to new investors

  3. Geoscience Opportunities Projects • Gap AnalysisReport -New geological ideas • Government Data - Information available for the Call • Data Management Center (www.cnsopbdmc.ca) - Digital Data, core storage, scanned reports

  4. Policy Initiatives Projects • Access to Infrastructure • - Encourage Code of Practice • Rights Issuance • - Information on new flexibility available for current Call NS07-1 • Digital Data Availability • - Seismic, wells, etc.

  5. Regulatory Improvements Projects • Deep Panuke Approval • 9 month approval vs. 30 months on previous project • FORRI (Frontier Canada) • goal-oriented regulations • Flexibility for testing • - First wildcat wells – no requirement to test

  6. Promotion Projects • Economic Model Available • - Ideal for small field development economics • World Oil Publication • Available at the booth • Call NS07-1 • - Closes June 30, 2008

  7. Building Momentum Onshore - Agenda #1 Current Activity - Conventional, coalbed methane and shale gas #2 Coalbed Methane Project - Phased development #3 Regulatory Improvements - New drilling & production regs. #4 Conventional Call - Call NS08-1closed March 3, 2008

  8. Current Activity Status • Conventional & Coalbed Methane Agreements • - 6 Conventional agreements and 3 CBM agreements • Shale Gas • - New focus • Farm In activity • - New players with different ideas

  9. Coalbed Methane Stealth Ventures • Commercial viability - De-watering and testing • Phased Production Agreement - 10 years (3/3/4) • Community Involvement - Multi-stakeholder Advisory Committee

  10. DRAFT Policy Initiatives Plans • Updating old legislation • Energy Act, New Regs – P&C Regs. • Industry involvement in new legislative changes • Streamlining processes • - Call process, authorizations, new guidelines, letters to operator’s • Better Regulatory Initiative • - Reducing regulatory burden

  11. Conventional Call NS08-1 Acreage opportunities • Closed March 3, 2008 • Watch website for upcoming calls www.gov.ns.ca/energy • Data Availability • contact Department • Large Block Size • - 188,937 ha

  12. Thank you Come see us to discuss these opportunities Visit us at Booth #35

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