11.6 C
Fort St. John
Thursday, July 18, 2019
9924 101 ave Fort St. John, B.C.
Home News Minister Lekstrom says investor confidence is up

Minister Lekstrom says investor confidence is up


The Minister of Energy, Mines and Petroleum says strong oil and gas land rights sales are proving investor confidence.

More than 178 million dollars in bonus bids were made on Wednesday. That is more than two and a half times the 68 million dollar total for the five previous months.

Lekstrom says it revolves around how much capital industry has freed up at any given time.

- Advertisement -

[asset|aid=1540|format=mp3player|formatter=asset_bonus|title=d58d2428269eb7414a4643c39f664de2-Lekstrom 1_2_Pub.mp3]

He says British Columbia is the one of the most competitive jurisdictions in North America in which to do business.

Lekstrom says when he sees these kinds of numbers, he knows that BC can continue investing in health care and education.

Meanwhile, he says he wants to remain positive about the fate of oil and gas prices.

[asset|aid=1541|format=mp3player|formatter=asset_bonus|title=d58d2428269eb7414a4643c39f664de2-Lekstrom 2_1_Pub.mp3]

The next sale is scheduled for July 15th. Lekstrom says he cannot speculate on if there will be another dramatic increase in sales again.

For more information on the results of Wednesday’s Oil and Gas Land Rights Sales, Click Here

get the latest news in your inbox



Local Events

Must Read

Construction continues at Centennial Park

FORT ST. JOHN. B.C. - The staff of the City of Fort St. John are reminding residents of the ongoing construction at the Centennial...

10th Annual Taylor Hill Climb