August oil and gas public offerings net $1.5M

Public offerings in August for rights to explore for petroleum and natural gas in Saskatchewan brought in $1.5 million.

The sales from the third of six public offerings bring total revenues for the current fiscal year up to just over $9.5 million.

The highest bonus bid received was $261,409.86 for a 258.254-hectare parcel west of Luseland from Millennium Land Ltd. This is prospective for oil in the Mannville Group.

The highest dollar value per hectare was over $1,828 for a 129.041-hectare parcel that totalled $235,932.11. This land is located west of St. Walburg and was purchased by Silver Hawk Resources and is also prospective for oil in the Mannville Group.