HUSKY OIL

Husky Oil along with its partners Norsk Hydro Canada and Petro-Canada plan to drill test wells in the Cape Race field offshore Newfoundland. Exploratory drilling is anticipated to begin in 2000. Husky Oil executives believe that the Cape Race prospect could be one of their best North Atlantic holdings since estimates show that the field could contain as much as 70 million barrels of oil.
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