B.C. land sale nets $200,000 in August

Three leases were picked up at B.C.'s monthly sale of Crown petroleum and natural gas rights on Aug. 14.

Concourse Petroleum paid the largest sum for one of them, paying a bonus bid of $169,310 for a 558-hectare parcel near Laprise Creek.

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Venturion Oil picked up two 259-hectare leases, one for $14,573 and the other for $8,098, both near Doe River.

Industry paid $192,000 in bonus bids, or roughly $178.50 per hectare. 

With rent and other fees, the province brought in $201,552 for the month. There were no bids on the three other leases offered.

The province has taken in roughly $2.8 million in bonus bids to date this year — far short of the nearly $60 million it saw through this time last year.

The land sale in Saskatchewan this week generated $1.55 million, while Alberta's drew $1.81 million.

The next sale for B.C. is scheduled for Sept. 11, with two drilling licences, and four leases being offered.

Email Managing Editor Matt Preprost at editor@ahnfsj.ca. 


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