pump some oil baby

Companies now bidding for oilsands rights in Sask.

Home (CBC News) - In another sign Saskatchewan could someday have an Alberta-style oilsands industry, companies have started paying the province millions for the right to look for the oily material.

On Thursday, the province said it held its first-ever public offering of oilsands rights as part of its August sale of petroleum and gas rights.

The August sales for all oil and gas rights raised about $38 million for the provincial treasury.

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