2008-09 FISCAL - $2.4 BILLION BREAKS RECORDS

B.C.’s abundant oil and gas attracted record land rights sales in 2008-09. Every record tracked for sales statistics was broken in the 2008-09 fiscal year.

Key records broken by 2008-09 fiscal year oil and gas rights sale and other highlights

Item	New Record/Highlight	Old Record
Fiscal year total	$2.4 billion -2008-09 (Final Fiscal Total)	$1.2 billion - 2007/08
Highest monthly land rights sale	$610 million - July 2008	$441 million - May 2008 $417.98 million - September 2003
Highest average price for an individual parcel (drilling licence)	$33,649/hectare - July 2008	$25,384/hectare - May 2008
Highest average price for a lease parcel	$24,690/hectare – July 2008	$22,305/hectare (lease) - August 1980
Price/hectare overall average price for fiscal year	$3,710.09/hectare	$1,863.56/ha 2007-08
Highest overall average price for an individual sale	$9,537.70/hectare – May 2008	$2,915.35/ha - Dec. 2007
Highest tender bonus paid for an individual parcel in a fiscal	$156 million – July 2008	$102 million Dec. 2007

Eight of the top 20 all-time highest land rights sales occurred in 2008-09 fiscal year

Placement in all-time history	Amount	Date
First	$610.1 million	July 2008
Second	$501.7 million	August 2008
Third	$441.4 million	May 2008
Seventh	$220.7 million	September 2008
Eighth	$213.2 million	June 2008
Tenth	$151.5 million	October 2008
Fifteenth	$114.9 million	November 2008
Nineteenth	$91.7 million	December 2008

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Media contact:	Jake Jacobs Public Affairs Officer Ministry of Energy, Mines and Petroleum Resources 250 952-0628 250 213-6934 (cell)

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