More on Wednesdays Land Rights Sale

The November sale of oil and gas rights in Northeastern BC was held yesterday and, you can add more than 114 million dollars in bonus bids to the year’s already record fiscal year total. It is now over 2.2 billion dollars, with about 50 percent of it coming from the July and August sales. MLA Richard Neufeld says this has been another great month. [asset|aid=613|format=mp3player|formatter=asset_bonus|title=e442ad053b0617bf592820b09103a7d2-Richard – 2 – Land Sale_1_Pub.mp3] 57 parcels of land covering 39,094 hectares were up for bids and 45 were sold with an average price of $4,679 per hectare. The areas that had the most interest was around Farrell Creek and Altares fields about 30 kilometres north of Hudson’s Hope and the Town field area near Pink Mountain. With the current downturn in the North American Economy, Richard is happy this region is still seeing growth. [asset|aid=614|format=mp3player|formatter=asset_bonus|title=e442ad053b0617bf592820b09103a7d2-Richard 2 – Land Sale 1_1_Pub.mp3] The next land sale will be December 10th with 60 parcels covering 80,193 hectares. Complete results of the sale and additional statistics are posted on the Ministry of Energy, Mines and Petroleum Resources website:

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