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-------------General
Large sedimentary basins wfth potcntf al for lilrge accumulations of oil and
gas exist off Canada's East Coas t.
Imperial has been active in offshor e oil exploration in the Atlantic
continental shelf since 1964, parti cipating in geophysical surveys and
exploratory drilling.
While exploring for petroleum beneath the stormy North Atlantic off Canada,
oilmen must cope with icebergs, isolation,

long supply lines and the need

to protect the oceans.
The companyspent $46 million drflling
Both were dry.

1980-12-01
P. Fry/jb

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two wells in this area in 1979.