1984
A jagged ice shelf and hanging icicles reflected in a dark Arctic pool under a hard blue sky.
The company
Canada Southern Petroleum was a Calgary explorer, incorporated in 1954. It held frontier permits rather than refineries. In 1957 it took Yukon permit 1007, later the Kotaneelee gas field, and it held interests in the Arctic Islands' Sverdrup Basin.
Canada Southern Petroleum Ltd. Annual Report 1984
That year
The company posted record earnings of $1.34 million, or 15 cents a share, in fiscal 1984, tripling the prior year. It was free of all debt, with working capital in excess of $1 million.
Canada Southern Petroleum Ltd. Annual Report 1984, p. 2