GREY:RDWEF - Post by User
Post by
optimist31on May 20, 2006 1:00am
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Post# 10879813
Oil, gas fever fuels $32M in land sales...
Oil, gas fever fuels $32M in land sales...Dated data from Leader-Post (Regina) April 15th.
Worth a repeat?
The most unusual aspect of the April sale was the special exploratory permit covering close to six townships in the Big River area, northeast of Prince Albert. The permit, which requires a work commitment of $420,000 over the next two years, was awarded to Redstar Oil and Gas Inc.
Dancsok said the Calgary-based junior will likely have to drill at least two wells under the work commitment. "This company is new to the province, ... but they have big foothold in Saskatchewan now. Maybe they'll make something of it.''