the Economy Provincial Summary The August 9, 2016 Public Offering of Crown Petroleum and Natural Gas dispositions generated $9,980,140.17, an average of $539.87/hectare. This compares to $3,918,223.86, an average of $250.05/hectare received at the last offering held on June 7, 2016. The summary of results of the August 9, 2016 offering is as follows: Licences 6 13,370.88 3 7,413.88 $5,815,866.13 784.46 Leases 86 13,529.85 69 11,072.29 $4,164,274.04 376.10 Total 96 26,900.73 72 18,486.17 $9,980,140.17 539.87 The top purchaser of acreage in the province was Metropolitan Resources Inc., who spent $5,786,832.23 to acquire 2 exploration licences and 1 lease parcel. The top price paid for a single licence was $4,250,353.58, paid by Metropolitan Resources Inc. for a 2,493 hectare parcel situated 20 kilometres northeast of the Torquay Main Torquay Oil Pool, 10 kilometres west of Estevan. Top price paid for a single lease was $454,000.00, paid by Villanova 4 Oil Corp.(70%)/Astra Oil Corp.(30%) for a 130 hectare parcel situated within the Steelman Midale and Frobisher Beds Oil Pools, 15 kilometres southwest of Alameda. The highest dollar per hectare in the offering was received from Mammoth Land Services Ltd., who paid $4,171.55/hectare for a 16 hectare parcel located adjacent to the Steelman Midale and Frobisher Beds Oil Pools, 25 kilometres southwest of Alameda. Four Petroleum and Natural Gas Special Exploratory Permits were included in the offering and were acquired by Scott Land & Lease Ltd. with a combined work commitment bid of $245,920.48. Gas prone areas of the province attracted bonus bids of $132,644.26 for 259 hectares, an average of $512.14 /hectare.
Lloydminster Area Summary The total bonus received in the area was $381,756.75, an average of $134.76/hectare. This compares to $30,251.19, an average of $103.82/hectare at the last offering. The summary of results for this area is as follows: Leases 18 3,642.19 10 2,832.82 $381,756.75 134.76 Total 18 3,642.19 10 2,832.82 $381,756.75 134.76 The top purchaser of acreage in this area was Windfall Resources Ltd., who spent $187,445.42 to acquire 3 lease parcels. Top price paid for a single lease in this area was $107,262.26, paid by Charter Land Services Inc. for a 259 hectare parcel situated 20 kilometres southeast of the Meota Lloydminster Sand Oil Pool, 15 kilometres north of North Battleford. The highest dollar per hectare in this area was received from Buffalo Hill Resources Ltd., who paid $530.69/hectare for a 16 hectare parcel located 5 kilometres east of the Northminster North Sparky and G.P. Sand Oil Pools, 10 kilometres northeast of Lloydminster.
Kindersley Area Summary The total bonus received in the area was $363,447.63, an average of $145.79/hectare. This compares to $1,534,242.69, an average of $191.09/hectare at the last offering. The summary of results for this area is as follows: Licences 2 2,590.00 0 Leases 13 2,784.25 11 2,492.88 $363,447.63 145.79 Total 15 5,374.25 11 2,492.88 $363,447.63 145.79 Top purchaser of acreage in this area was Landsolutions GP Inc., who spent $132,644.26 to acquire 1 lease parcel. Neither of the two licences in this area received acceptable bids. Top price paid for a single lease in this area was $132,644.26, paid by Landsolutions GP Inc. for a 259 hectare parcel situated adjacent to the Totnes Viking Gas Pool, 25 kilometres northeast of Eston. This was the highest dollar per hectare in this area at $512.14/hectare.
Swift Current Area Summary The total bonus received in the area was $371,692.64, an average of $222.93/hectare. This compares to $477,663.66, an average of $137.89/hectare at the last offering. The summary of results for this area is as follows: Leases 12 1,861.58 10 1,667.33 $371,692.64 222.93 Total 12 1,861.58 10 1,667.33 $371,692.64 222.93 Top purchaser of acreage in this area was Landsolutions GP Inc., who spent $182,100.00 to acquire 6 lease parcels. Top price paid for a single lease in this area was $81,443.12, paid by Northend Resources Ltd. for a 65 hectare parcel situated within the Instow Upper Shaunavon Oil Pool, 20 kilometres south of Gull Lake. This was the highest dollar per hectare in this area at $1,257.77/hectare.
Estevan Area Summary The total bonus received in the area was $8,863,243.15, an average of $771.18/hectare. This compares to $1,876,066.32, an average of $482.90/hectare at the last offering. The summary of results for this area is as follows: Licences 4 10,780.88 3 7,413.88 $5,815,866.13 784.46 Leases 43 5,241.82 38 4,079.27 $3,047,377.02 747.04 Total 47 16,022.70 41 11,493.15 $8,863,243.15 771.18 The top purchaser of acreage in this area was Metropolitan Resources Inc., who spent $5,786,832.23 to acquire 2 exploration licences and 1 lease parcel. The top price paid for a single licence in this area was $4,250,353.58, paid by Metropolitan Resources Inc. for a 2,493 hectare parcel situated 20 kilometres northeast of the Torquay Main Torquay Oil Pool, 10 kilometres west of Estevan. Top price paid for a single lease in this area was $454,000.000, paid by Villanova 4 Oil Corp.(70%)/Astra Oil Corp.(30%) for a 130 hectare parcel situated within the Steelman Midale and Frobisher Beds Oil Pools, 15 kilometres southwest of Alameda. The highest dollar per hectare in this area was received from Mammoth Land Services Ltd., who paid $4,171.55/hectare for a 16 hectare parcel located adjacent to the Steelman Midale and Frobisher Beds Oil Pools, 25 kilometres southwest of Alameda. Four Petroleum and Natural Gas Special Exploratory Permits in this area were acquired by Scott Land & Lease Ltd. with a combined work commitment bid of $245,920.48.