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Oil and gas rights sale in BC raises 35.7 million in 1999
The August 1999 oil and gas rights auction in British Columbia generated 35.7 million, the province's largest sale in 11 years. Dan Miller notes a five fold rise from August 1998, with 71 drilling licences and seven leases covering 146,776 hectares offered. 67 licences sold, 133,111 hectares. Top parcel fetched 778 per hectare. Sekani Resources paid 2.1 million for a 3936 hectare drilling licence near Fort St. John. Next sale set for September 22 offering 102 drilling licences and 49 leases, all in northeastern BC.
MENTIONED IN THIS ARTICLE
Dan Miller
Energy and Mines
Miller
British Columbia
Kootenays
Fort Nelson
Maxhamish Lake
Township Land Co. Ltd
Sekani Resources Ltd
Fort St. John
Beggas
Beau Canada Exploration Ltd
Chinchanga River