Baffin Bay Geological Survey has 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. Accordingly, the Greenland authorities have offered a large number of off-shore concessions for potential hydrocarbon (oil and gas) extraction. The largest concession-areas are located in seas west of Greenland; primarily in Baffin Bay and the Davis Strait, but with several smaller concessions in the Greenland Sea in the east also. Baffin Bay
Stokes Bay, South Australia Stokes Bay, South Australia Stokes Bay 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. Its boundaries were created in March 2002 for the “long established name” and includes the Stokes Bay Shack Site. Land use in the locality is principally for agricultural purposes with activity limited on the coastline to the north for conservation purposes. A settlement also occupies land immediately adjoining the bay of the same name. Stokes Bay is located within the federal division of Mayo, the