Raising over $6.1 million in revenue, the final public offering of Crown oil and gas rights for the 2021-22 fiscal year was held this week. It was the highest result of the six offerings in the fiscal year and was also significantly higher than any sale held in the previous fiscal year.
In all, the six sales in the fiscal year raised nearly $15 million. This was a 131 percent increase over the previous fiscal year.
The southeast corner of the province was responsible for more than $5.1 million in revenue during this week’s offering. This was from 55 leases and one license.
The highest bonus bid on a lease in the region was $528,017.50 for a 194.517-hectare lease northwest of Alameda. The lease was awarded to Midale Petroleums. The highest bid per hectare came from Millenium Land, which bid $7,814 on two parcels southeast of Lampman.
The only exploration license posted in the southeast went to Silver Hawk Resources. Their bid of $161,063.22 was for a 966.36-hectare license roughly 22 kilometres north of Stoughton.
The first sale of the 2022-23 fiscal year is scheduled for April 5th. It will include 207 leases and one exploration.