The Lloydminster region is the big earner for Saskatchewan leases on June 4, tallying $5,584,969.71 for 36 leases and one exploration license totaling 9,686.269 hectares.
Mammoth Land Services had the highest bonus bid in this offering at $1,560,509.81, an average of $2,525.06 per hectare, for a 618.009-hectare exploration license located northeast of Lloydminster.
The highest bonus bid received for a lease went to Lexterra Land which offered $727,796.67, an average of $3,089.92 per hectare, on a 235.539-hectare lease northeast of Lloydminster.
The latest Saskatchewan petroleum and natural gas public offering raised $7,413,958.70 for the province, overall.
Eighty parcels were posted for this sale, of which 64 received acceptable bids spanning 12,363.127 hectares.
The Estevan area brought in the next-highest amount of revenue, generating $1,777,905.83 for 24 leases totaling 2,092.214 hectares.
Offers in the Kindersley area generated $51,083.16 in revenue for three leases totaling 584.644 hectares.
In two public offerings this fiscal year, Saskatchewan has earned $22,868,706.72 up from the $20,494,130.39 raised from the first two offerings last fiscal year.
There are six scheduled public offerings each fiscal year. The next public offering in Saskatchewan will be on August 6.
