He argues last year, the Province put in place a competitive policy framework that defines the playing field….and “The LNG income tax framework gives companies the certainty they need to make investment decisions to move forward with some of the largest capital projects in our province’s history”.
He also says new drilling activity in the upstream sector demonstrates investors remain confident in B.C.’s long-term natural gas potential.
To support that claim he cites the November sale of crown petroleum and natural gas rights, noting, at more than $209 million, it was one of the largest monthly sales in provincial history.
That sale also represented more than half, of the best total tender bonus in the last four calendar years at $382.8 million.
The first sale of 2015 is scheduled for two weeks from today on January 21st and Mr. Coleman says he’s looking forward to a remarkable year.