Bonterra Energy Corp T.BNE

Alternate Symbol(s): BNEFF

Energy Oil & Gas E&P

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

Bonterra Energy Corp

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Comment by Tim14235on Oct 05, 2020 2:05pm

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Post# 31667677

RE:Interesting.....but tough to tell.

Right, this could be BNE demonstrating their additional value. Unsure how new debt, above commercial terms, is additional value. It is liquidity at the least. Keep in mind OBE is elgible for BDC and EDC too so unsure why that matters. Also OBE got SRP rewards too.

BNE Board is supposed to respond by tomorrow. Surely interesting (since it is mostly non-material) that this came out day before.

Clearly the deal makes a lot of commercial sense. Will George put his pride behind him?

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