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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

Post by Flush11on Dec 15, 2022 6:13pm
281 Views
Post# 35174551

2023 drilling plans

2023 drilling plansI called management a month ago or so and I have to say the conversation was entirely consistent with the news release today.

I think they had to pay out the two government loans in order to generate any growth so the timing makes more sense now. They had loan convenants that basically said they could only grow back to previous levels. The dvidend covenant was discussed ad nauseum on here but the growth covenant was pretty rare.

We should see a more active company now.

looking forward to it.
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