Another Crown petroleum and natural gas rights sale under $9 million

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Erica Fisher

Erica is a reporter for Moose FM and energeticcity.ca in Fort St. John, B.C. She grew up in Victoria, B.C. and received her Bachelor's Degree in Journalism from Concordia University in Montreal, Quebec.

 

That makes it the 9th monthly sale out of the last ten below $10 million, and it dashes optimism that the December sale of $30.7 million would kick start a more positive trend.
 
The Wednesday sale was also only 30 per cent of the January sale last year, which at $32.2 million was the biggest one of a dismal 2012.
 
31 of the 37 parcels offered were purchased covering just over 15,000 hectares, but only one of them – a lease purchased by BASM Land and Resources Limited – resulted in a paid bonus of more than a million dollars. 
 
The next sale is scheduled for February 20th.
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