Another Crown petroleum and natural gas rights sale under $9 million

 

That makes it the 9th monthly sale out of the last ten below $10 million, and it dashes optimism that the December sale of $30.7 million would kick start a more positive trend.
 
The Wednesday sale was also only 30 per cent of the January sale last year, which at $32.2 million was the biggest one of a dismal 2012.
 
31 of the 37 parcels offered were purchased covering just over 15,000 hectares, but only one of them – a lease purchased by BASM Land and Resources Limited – resulted in a paid bonus of more than a million dollars. 
 
The next sale is scheduled for February 20th.

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About Erica Fisher 4010 Articles

Erica is a reporter for Moose FM and energeticcity.ca in Fort St. John, B.C. She grew up in Victoria, B.C. and received her Bachelor’s Degree in Journalism from Concordia University in Montreal, Quebec.