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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

Comment by Resilience2on Apr 07, 2023 2:57am
215 Views
Post# 35384366

RE:Current production

RE:Current production I briefly looked but couldn't find an obvious one. I do know BNE speak with many companies logically in the Cardium area but never heard them about the Montney/Kelt. Though I would imagine George Fink has contact with everyone. 

But the biggest evidence is the well: why licence it if there's no involvement? It at least shows intent.   

WCP & CPG are pivotting to more gas because the well economics are improving and if you check AECO futures strip over the mid term a significant rise is expected that will transform well economics. Both WCP & CPG can use their oily free cash flow to invest in more liquids/gassy growth, drill inventory & reserves. Montney wells are prolific. Check Kelt's IP365 BOE in their presentation: the La Glace area is ~820 boed/d 62% liquids. Way better than Cardium wells. Now the only other factor is drill cost and in that same presentation you see La Glace is in upper montney, which should help cost. 

Simple math would be that given BNE's small float they wouldn't need such a big acreage to have similar effects. 

Don't know if any deal happens but worth a call to inquire if you know management and have had contact before.

Cheers, R. 
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