Bonterra Energy Corp T.BNE

Alternate Symbol(s): BNEFF

Energy Oil & Gas E&P

Bonterra Energy Corp. is a Canada-based conventional oil and gas company with operations in Alberta, Saskatchewan, and British Columbia. The Company operates through development and production of oil and natural gas in the Western Canadian Sedimentary Basin segment. Its operating areas include Pembina Cardium and other areas, which include Saskatchewan and Northeast British Columbia. The Company is focused on the development of the Pembina and Willesden Green Cardium lands within central Alberta. It has Shaunavon properties in the Chambery field, which produce medium density crude oil from the upper Shaunavon formation under waterflood. It also has assets in the Prespatou area of northeast British Columbia, which consists almost entirely of natural gas and associated natural gas liquids. It also has an undeveloped Charlie Lake asset that is prospective for light oil in Bonanza, Alberta. The Company has over 116 net sections of contiguous land in the light oil prone Charlie Lake.

TSX:BNE - Post by User

Bonterra Energy Corp

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Post by kavern23on Nov 10, 2021 7:21pm

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Post# 34112694

Net Debt Comparision....

BNE net debt on end of Q3 2021 308M
BNE net debt on end of Q3 2020 295M

BNE net debt year over year UP 13 million...is Ali right that increasing net debt is a good thing?

or Obsidian net debt on end of Q3 2021 428M
Obsidian net debt on end of Q3 2020 479M

Obsidian net debt year over year DOWN 51 million. Ali is this the reason why you didnt like the merger idea? Does lowering net debt scare you? Why?

Gap is narrowing in only 120M net debt difference between OBE and BNE.

OBE only had 9 wells contributing and we already OVER double the funds flow of BNE.

One of these companies is walking the walk on debt reduction.

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