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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 22, 2018 6:01am
138 Views
Post# 28497337

Rose Creek

Rose CreekTo refresh.Rose creek is the property we bought from enerplus in 2015 before the downturn.Enerplus had put down a bunch of horizontals and they were dudsThey got the drilling wrong..This was mostly a low decline waterflood legacy property.We bought it as they saw better opportunitys elsewhere.This property is why our debt is so high.Rather than dilute the stock in the mid thirtys we took on debt thinking the downturn in oil prices would not last that long and we could raise equity in what the company felt was a more reasonable  40 plus price.We were wrong on the oil price as they were lower for longer and enerplus was wrong on the property as our drilling indicates a lot of potential.In sept we are drilling a three well pad in rose creek.Those results added to what we have should allow bne to start telling the story of what rosecreek will do for the company.At present carnwood is the heart and soul of our growth program.Rosecreek will add a bigger and better carnwood.The well results are public information but I dont know how to dig for it.Ip 30 rates are better than carnwood buy a large measure..Look forward to more info
Bullboard Posts