Canadian Oil & Gas Companies Message Board

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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Chi-Chi who wrote (4242)	12/2/1997 10:54:00 AM
From: Slyfox	Read Replies (2) of 24931

To: ALL - Proposed Greenhouse Emission Legislation effect on the Alberta Oil & Gas Sector (specifically drilling). I have some concerns in regards to the legislation that is currently under proposal to reduce the Greenhouse Emissions. Originally the emissions were to be reduced by 3% by the year 2010 and a further 5% by the year 2015. Now the proposal indicates that the Federal Govenment intends to push up the deadline to the year 2007. I am currently considering investing heavily into a IPO for a new Drilling company with some very experienced directors with excellent track records. The new issue expects to trade mid-December. I would appreciate any comments on what effect that the above will have on the future of the Oil & Gas sector. Will companies continue exploration at the current rate? Will this effect the drilling sector significantly by companies not committing already announced monies? Slyfox

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