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.
Cuttlefish Bay, South Australia Cuttlefish Bay, South Australia Cuttlefish Bay is a locality in the Australian state of South Australia located on the north coast of Dudley Peninsula on Kangaroo Island overlooking Backstairs Passage about south of the state capital of Adelaide and about east of Penneshaw. Its boundaries were created in March 2002 while its name was derived from Cuttlefish Bay, a bay located on its coastline with Backstairs Passage. Land use within the locality is concerned with agriculture while land adjoining the coastline has additional statutory constraints to “conserve the natural features of the coast.” Cuttlefish Bay is located within the federal