• an economic downturn, prompted mainly by a reduction in construction work on the GBS, and government restraint will cause employment and GDP to drop.
  
• a Development Plan Application will be submitted for the Terra Nova oil field.
  
• the Hibernia GBS will be completed.
  
• oil and gas exploration expenditures on the Province's West coast will reach record levels.
  
• two oil wells will be drilled on the Province's West coast at a combined cost of $32 million.
  
• the Province's recent land sale will result in 28 oil and gas exploration permits, representing roughly $21 million in committed exploration expenditures.
  
• mineral exploration in Labrador will continue at a high level.
  
• Ming Minerals will employ up to 100 people in their first full year of production.
  
• Raymo Processing will start gold production from the tailings of the former Rambler Mine.
  
• other small mining operations will proceed to the development and/or production stage.
  
• shellfish, in particular crab, shrimp, clams and scallops, will continue to dominate the fishery.
  
• aquaculture production will increase significantly over last year's level.
  
• the sentinel fisheries will be expanded creating employment and providing more insight into the state of the groundfish stocks, particularly on the South and West coasts of the Province.
  
• the second fibre optic route across the Island will be completed by NewTel Communications, thus ensuring uninterrupted service.
  
• two supply vessels, designed to service the Hibernia platform during production, will have been completed at Marystown Shipyard.
  
• the newsprint industry will experience another good year, and over $90 million will be invested in capital assets.
  
• Phase I of the Tourism Destination Management System will go into operation.
  
• final preparations for the 1997 John Cabot 500th Anniversary Celebrations will occur at a feverish pace.