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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
Comment by CashGreenGoldon Jan 31, 2019 5:35pm
57 Views
Post# 29303954

RE:company news

RE:company newsThanks Benny, have really appreciated your updates from the Company over the past year ive been on this board<><><>
12 wells seems like 40% of the drilling scheduled for 2019 with one rig. We were doing mid 30's in # completions before on a 75mm budget.<><><><>
Glad to see the focus there, especially in light of YGR recent news and your post this morning! <><<>><>I doubt they will do it, but a 20mm NCIB mops up 10% of shares right now. At current prices they are kicking out $105mm and $42mm in free cash. Why not play into the shorts games and let them sell into an NCIB for cheap shares. Use this to our advantage.  

><><><><At current volumes that's about 50-70 trading days assuming 20 or 25% daily limits. And possibly as high as 150+ days if/as volume regresses to prior levels.
Bullboard Posts