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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 Farmer12on Dec 13, 2019 9:08am
107 Views
Post# 30451352

Capex

CapexGF probably has a pretty fair idea about how much BNE capex spend will be in 2020. An extra month will give him a better idea of 2020 oil prices and what the 2019 year end numbers look like. Production at the end of Q3 was 12,750 boe. There is no point in growing production just for the sake of growing production. In 2019 about 440 BOE were shut in because of low commodity prices. In addition there was a pipeline spill and other maintenance issues that drove down production. Relatively stable or very slightly growing production seems to be the GF mo. The oil price will inform the capex spend.
Past production daily averages in BOE:
2015 12.6k
2016 12.6k
2017 12.8k
2018 13.2k
2019 12.4k
September 30, 2019 ~12.75k
Bullboard Posts