Stockpiling

Canadian Lease Sales Presage Continued High Level of Drilling

Canadian producers telegraphed intentions to keep on drilling for natural gas at maximum speed by stockpiling targets at hectic Crown mineral rights auctions in Alberta and British Columbia. Alberta netted a record C$2.3 billion (US$2 billion) on oil and gas rights sales in 2005, prompting forecasts that field activity will stay strong potentially for years to come.

December 19, 2005