Davis Strait estimated that at least 13% of the world's undiscovered oil deposits and 30% of the world's undiscovered gas pockets are located in the Arctic, with the seas around Greenland potentially holding large amounts of natural gas and lesser amounts of crude oil and natural gas liquids. This has led Greenland's minister and provincial council to offer a large number of off-shore concessions to potential hydrocarbon (oil and gas) extraction. The largest concessions areas are located in seas west of Greenland, primarily the Davis Strait and Baffin Bay, but with several smaller concessions in the Greenland Sea in the east also.
North Cape, South Australia North Cape, South Australia North Cape is a locality in the Australian state of South Australia located on the north coast of Kangaroo Island overlooking Investigator Strait about south-west of the state capital of Adelaide and about north of the municipal seat of Kingscote. Its boundaries were created in March 2002 for the “long established name” which was derived from the most northerly headland on the coastline. North Cape occupies land bounded by Investigator Strait to the north and by Nepean Bay and its subsidiary, the Bay of Shoals, to the east and the south-east respectively. Its coastline includes features