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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

Bullboard Posts
Post by Bennys65on Jun 26, 2018 8:32pm
116 Views
Post# 28233692

company talk

company talkFew notes from talking to the company.Drilling will start again after jul 1.Currant cap ex and estimated production will remain as stated.The currant program takes us to oct so an increase in cap ex would occurr in the last quarter and would be dependant on the price of oil.The 2500 hedging program was a one off costless collar and they role off in a week or so.It was done to protect the capital program and doesnt reflect a change in policy.As stated in press releases debt repayment is the first prioirity..At present planned production and 60 wti we would reach a debt ratio where they would feel comfortable to start raising at mid 2019.With higher oil prices or increased cap ex that time line would shorten.As i mentioned before Yangarra has got a lot of press for their drilling results from willy green pembina play.Their most recent result was excellent cost over 4 mill and bne had 9%.WE are not drilling our land there because our results from rose creek are better and cost under 2 mill.The company needs to drill some more wells here before telling the story but imo it is shaping up to be another carnwood which is a big deal.In fact it looks better than carnwood.Before enerplus sold us the property in 2015 they drilled 4 horizontal wells which were duds.That is why they sold.In short they got it very wrong..Looking forward to when bne can tell the story.
Bullboard Posts