B.C. ends first half with strong land sale of 767,544 acres - July 04, 2004

Providing coverage of Alaska and northern Canada's oil and gas industryJuly 2004

Vol. 9, No. 27

Week of July 04, 2004

B.C. ends first half with strong land sale of 767,544 acres

Gary Park

Petroleum News Calgary correspondent

British Columbia land sales have dipped slightly, generating almost C$120 million to the end of June on the sale of 767,544 acres, compared with last year’s C$134 million for 986,643 acres. The latest sale on June 23 yielded a strong C$30.2 million for 239,400 acres, the best average per acre price this year.

Heading the list was the Cypress-Chowade area northwest of Fort St. John, where Appaloosa Resources picked up two licenses totaling 11,945 acres for C$4.4 million. The largely undrilled area is about 6 miles west of the Cypress gas field.

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