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Bonterra Energy Corp T.BNE

Alternate Symbol(s):  BNEFF

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

Comment by TheRexmemberon Jun 28, 2023 7:46pm
186 Views
Post# 35519573

RE:RE:So many good companies at great prices right now

RE:RE:So many good companies at great prices right now

The Clearwater is really just a phenomenal reservoir plus the lack of fracking is so much cheaper. TVE has one well that produced 180,000 barrels and is still at 400 b/d on water flood. A crazy return.

the one thing almost unique to BNE today is that they use an older style of drilling that is cheaper per well. Most companies have moved on to ERH and pad drilling. Sometimes right sizing the tech is more efficient - particularly in areas with a lot of well bores. They don't need to have big producers for an economic return. A lower  Corporate decline also helps. 

i wonder who will wind up with the TVE cardium land. 

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