Shell Canada Energy

Shell Canada Energy has retained IndigoPool to seek a farm-in partner for a 20% working interest in eight Orphan Basin exploration licences offshore Newfoundland. The license covers 21,250 square kilometers in water depths of 1,500 to 3,000 meters about 350 kilometers from the coast. Other basin partners are Chevron (50%), ExxonMobil (15%) and Imperial Oil (15%). A second exploration well will be drilled in 2008. Shell is offering the opportunity to carry its costs associated with the well to earn an interest in the prospect and license. The data room is open. Contact Linda Edmonds, 403-691-3580.