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Home News Record fiscal year for Land Rights

Record fiscal year for Land Rights

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The BC government has finished the fiscal year with another all-time record high, in oil and gas land rights sales.

About 15 million dollars in bonus bids, from yesterday’s March sale, pushed the fiscal year total, to about 2.4 billion dollars.

That’s more than double the record setting pace, of the last fiscal year but, it is also short of the 2008 calendar year record, of more than 2 point six billion dollars.

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That’s largely due to a significant drop, in the sale totals, for the first three months of this calendar year…to about 40 million dollars, from more than 251 million, for the first three months of 2008.

However, it should also be noted that in 2008 the July and August sales alone, were the top two monthly sales in BC history, with total tender bonuses of more than a billion dollars.

In addition, six of the top ten monthly sales on record, and eight of the top 15, were also recorded last year.

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