Our Alberta Advantage

LATEST OILSANDS LEASE AUCTION YIELDS $150,000

2008 is starting off poorly for Alberta oilsands with leases yielding a fraction of the amount of revenue that was typical of recent lease purchases.

So far this year, a total of $25,000,000 in leases have been auctioned with the last auction showing only $150,000 having been acquired by investors.

This is in contrast with the $138,000,000 last year and $846,000,000 the year before.

Here is the Calgary Herald article.