Thank you, Mr. Speaker. We have had those discussions on several occasions with the Government of Canada, first and foremost during the development of the agreement-in-principle. We couldn't resolve it, so it was punted to the negotiations of the final agreement, so to speak. We made some progress by the fact that they have agreed that royalties will be paid on two-thirds of the Norman Wells interest. The Government of Canada remains steadfast, though, that their one-third share is ownership, it's a commercial interest and that it is not a royalty. On that basis they do not see fit to pay royalties on it, because they are very clear that it is not a royalty.
Bob McLeod on Question 243-17(4): Federal Revenues From Norman Wells Oilfield
In the Legislative Assembly on March 14th, 2013. See this statement in context.
Question 243-17(4): Federal Revenues From Norman Wells Oilfield
Oral Questions
March 14th, 2013
Page 2626
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