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Information Synopsis of Manitoba's
February 16, 2000 Lease Sale
The results of competitive bidding on February 16, 2000 for
Crown oil and gas rights which was offered by the Department of
Conservation, resulted in a total of $267,643.44 being added to
provincial revenue.
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All nineteen(19) lease parcels offered, covering 2247 hectares
(5,617 acres), were sold for a bonus amount totaling
$252,179.85. The average price per hectare for lease parcels
sold was $112.24 ($44.90 per acre). The average bonus at the
last sale held on November 17, 1999 was $154.56 ($61.82 per
acre).
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The highest price per hectare was paid by Renaissance Energy
Ltd. for a parcel located in the Kirkella area. The firm paid
$278.63 per hectare ($111.45 acre) as a tender bonus. |
This is the first of four sales scheduled for 2000.
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The next sale will be held on May 24, 2000. The deadline for
posting requests is February 18, 2000. |
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