Nalcor Hits Gas at Parson's Pond

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Nalcor Energy Oil & Gas has wrapped up drilling at its first well on the Northern Peninsula - and so far the Parsons Pond results look promising.

Both Nalcor and one of its four partners, Vulcan Minerals Inc., reported "gas shows" in the well dubbed Seamus No. 1.

Flow tests will be carried out this summer to quantify how much natural gas is in place.

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