Among the highlights:
- Provincial royalties will go to the 30% level sometime in 2009 or 2010 as the project pays off its development costs and the existing provincial royalty regime shifts accordingly.
- The federal government shares have netted a total of $678 million in the past decade. Dividends in 2006 were $174 million compared to $230 million the previous year. Dividends are expected to decline again in 2007.
- CHHC expects Hibernia Management and Development Corporation to submit another development application for Hibernia South in 2008.
-srbp-
