This month’s public offering of crown petroleum and natural gas rights raised more than 15-million-dollars in revenue for the province.
This month’s revenue is as much as the last three public offerings combined and the highest single total since last October.
This brings the total from two sales so far this fiscal year to more than 18-million-dollars.
The average price is 290-dollars an acre, the highest in public offerings compared to date in Alberta and B.C.
One exploration license in southeast Saskatchewan received a bonus bid 10.5 million dollars.
This parcel was purchased by Stomp Energy and has several prospects.
Forty parcels totaling over 28-thousand acres were sold for 3.45-million dollars in the Kindersley area.
Cougar Creek Land bid 608 thousand dollars to acquire a 607 acre lease south of Maidstone, with the prospect for heavy oil.
The next public offering will be held August 14th.