There's a lot of good happening to make Newfoundland and Labrador more enticing for petroleum exploration, and it's mostly happening where it should happen, with exploration success offshore and onshore. But there's a lot of bad and ugly happening too. Geophysical Services Incorporated (GSI), an old and respected family business, has made an impressive entrepreneurial presence selling seismic data to parties involved in Canada's offshore oil and gas industry. But the company, according to chair and chief operating officer Paul Einarsson, now lies in ruins as the victim of provincial government policies in Newfoundland and Labrador and Nova Scotia that effectively allowed industry access to the company's seismic data without paying a fair price.
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