Canadian frontier wins just one bid

CANADA’s latest acreage round for its frontier Labrador and Newfoundland areas of the Orphan Basin has received exactly one bid from BP, in what industry players see as a crushing disappointment.

Canadian frontier wins just one bid Canadian frontier wins just one bid Canadian frontier wins just one bid Canadian frontier wins just one bid Canadian frontier wins just one bid

 

 

Of 17 parcels offered, only BP made a bid and for only C$27 million (A$28.4 million). 

This compares with $1.