News
Jul 28, 2011Successful Geothermal Permit Sales in BC
In June 2011 the province of British Columbia announced a Crown Geothermal Resources Notice of Public Tender for three geothermal permits in the Upper Lillooet River area Northwest of Pemberton in the West of BC.
The Notice of the Public Tender was for a “Competition for the Right to Explore and Develop Crown Geothermal Resources” to be held July 26, 2011. The BC MInistry of Energy and Mines has now announced the successful sale of all three permits to Salal Geothermal Inc. and 2149749 Ontario Inc.
|
|
PERMITS |
LEASES |
TOTAL: |
|
OFFERED (NUMBER) |
3 |
0 |
3 |
|
OFFERED (HA) |
8,056 |
0 |
8,056 |
|
PURCHASED (NUMBER) |
3 |
0 |
3 |
|
PURCHASED (HA) |
8,056 |
0 |
8,056 |
|
AVERAGE PRICE |
$27.25 |
$.00 |
$27.25 |
|
FEES |
$1,500.00 |
$.00 |
$1,500.00 |
|
RENT |
$8,056.00 |
$.00 |
$8,056.00 |
|
TENDER BONUS |
$219,552.10 |
$.00 |
$219,552.10 |
|
TOTAL |
$229,108.10 |
$.00 |
$229,108.10 |
The official announcement from The Ministry of Energy and Mines can be found here
