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.

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Bonterra Energy Corp > rex

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Comment by kavern23on Oct 20, 2023 6:53pm

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Post# 35694008

RE:RE:RE:RE:rex

The assets do have one attractive part, part of TVE cardium assets came from TVE buying it from Suncor years ago. The gas plants and oil battery are probably very decent, Suncor would have spent money doing things right.
For mature assets and even being gassy, the operating costs are prob decent for purchaser as isnt much third party processing needed.

With right pricing probably can bump these assets from 7k to 10k boe fairly easily.

I hope start of consoldiation as cardium needs maybe 2-3 players in Pembina and 1-2 max in willy green.

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