The June 18, 2008 sale offered 99 parcels in northeast B.C. covering 61,482 hectares, and sold 89 parcels covering 58,835 hectares. The average price per hectare was $3,623.

 

Key parcels in the sale included 22 within the Horn River Basin – 16 drilling licenses and six leases – covering 33,209 hectares. The total tender bonus received for the 22 parcels was $162.2 million. The overall average price paid within the Horn River Basin was $4,883.31 per hectare.

 

The 16 drilling licenses covered 31,627 hectares and were disposed at an average price of $5,082.73 per hectare for a tender bonus of $160.7 million.

 

The six leases covered 1,582 hectares and earned $1.4 million in tender bonus at an average price of $896.51 per hectare.

 

In total these 22 parcels, plus one parcel within the Montney trend, account for $198.8 million, or approx 93 per cent of the total tender bonus of over $213 million.

 

The next sale is scheduled for July 16, 2008 and will offer 149 parcels covering 134,197 hectares.