Minister Lekstrom says investor confidence is up

The Minister of Energy, Mines and Petroleum says strong oil and gas land rights sales are proving investor confidence.

More than 178 million dollars in bonus bids were made on Wednesday. That is more than two and a half times the 68 million dollar total for the five previous months.

Lekstrom says it revolves around how much capital industry has freed up at any given time.

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He says British Columbia is the one of the most competitive jurisdictions in North America in which to do business.

Lekstrom says when he sees these kinds of numbers, he knows that BC can continue investing in health care and education.

Meanwhile, he says he wants to remain positive about the fate of oil and gas prices.

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The next sale is scheduled for July 15th. Lekstrom says he cannot speculate on if there will be another dramatic increase in sales again.

For more information on the results of Wednesday’s Oil and Gas Land Rights Sales, Click Here