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Major jump in Crown petroleum and natural gas sales

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The sale of Crown petroleum and natural gas rights in the province took a large jump yesterday, with the biggest taking so far this year.

At an average price of 768-dollars a hectare, Wednesday’s sale brought in $70.8 million in bonus bids.

That’s more than the first three offerings of the year combined and more than six times the first sale of March last year.

That brings the year-to-date total to $118.4, now more than 80 per cent of where we were last year.

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The next sale is scheduled for March 19.

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