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September sale nets 6.7 million in BC drilling rights
The September sale of oil and gas drilling rights in British Columbia raised 6.7 million in revenue. Eighty-five parcels were offered with 14 drilling licences and 71 leases across 32,226 hectares. 70 parcels drew bids. Top unit price was 723 per hectare by Unocal Canada Exploration Limited for a parcel 55 km northwest of Fort St. John. top lease price was 857 per hectare by Canadian Coastal Resources Ltd. for a parcel 125 km north of Fort St. John. Total 1989 BC drilling rights bonuses reach 66 million. next sale set for October 25, 1989 offering 36 drilling licences and 35 leases.
MENTIONED IN THIS ARTICLE
Unocal Canada Exploration Limited
Fort St. John
Canadian Coastal Resources Ltd
British Columbia