LADYFERN is a large natural gas field in the PEACE R district, about 100 km northeast of FORT ST JOHN near the Alberta border. The field began producing in June 2001 and turned out to be the biggest Canadian gas discovery in 15 years. The underground pool is estimated to contain between 500 billion and a trillion cubic feet of gas. In 2001, because of the Ladyfern discovery, the provincial government for the first time obtained more direct revenue from OIL AND GAS production than from the...

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