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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 Aug 21, 2018 1:33pm
135 Views
Post# 28493998

Company news

Company newsAs allways great straight forward talk with the company.Asked if I should be reading anything into the recent board appointment Short answer is no.They are are most likeiyour largest shareholder and have been for some time and asked to be on the board..Having said that they are very savy both technically and financially with deep pockets.Their addition can only be a good thing.As you know I have some strong interest in Rose Creek and its potential.The company should be able to start telling that story before year end.To that end we can look forward to future presentations shifting from a story of sustainability like we have seen for the last couple of years to one which is focused on our growth potential and the rose creek story.Looking ahead to quarter four an increase. in cap ex if that is deceided would look like an additional 6 mill on top of our 13 mill growth capital.The impact of that would show up in fiest quarter of 2019.Given the present outlook for oil  our debt to csh flow ratios will be in a place where we can look at cap ex increases div increases and debt reduction mid 2019.Arc has started drilling again in Pembina because the economics are better than the montney.with gas prices being in the tank.The company would love to have their position but Adrian thinks they have no interest in selling.All this is dependant on continued firm oil prices
Bullboard Posts