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.

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Bonterra Energy Corp > OBE insider sells, BNE plummets

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Comment by makedonkaon Nov 07, 2020 9:44am

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Post# 31857243

RE:RE:OBE insider sells, BNE plummets

Below is a response from IR( from a few weeks ago and before Q3 report) to my query on the subject.

I hope this helps, if not, I suggest you contact IR and get the answers so you can put it to rest once and for all.

Goog luck!

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"This mention in the forward looking statements refers to the same wording that has been disclosed in both our financial statements and MD&A since our Q4 2019 report. The main driver of this wording was due to the drastic decline and volatility of oil prices in the face of the COVID-19 pandemic. Each time our financial statements are released, we review our internal forecast using recent strip pricing and make an assessment if sufficient liquidity exists. As we have disclosed in each of the recent quarters, we have forecasted more than sufficient liquidity, including in March and April when oil prices were at their lowest. However, like most in the Oil & Gas industry, the impact of the COVID-19 pandemic on oil prices is uncertain so if significant downward volatility occurred, this could cause a concern.