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

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Post by Flush11on May 11, 2023 6:01pm

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Post# 35444252

Good Quarter - and fire impact is small

Much better average production than I expected. They are really consistently hitting decent wells. The April estimate was already in the presentation but still looks great for the year. There is also a note that only 2400 boe/d was affected by the wildfires. So not a huge impact if it gets dealt with quickly.

Production in Q1 2023 averaged 13,464 BOE per day, four percent higher than Q4 2022, driven by an active, front-loaded capital program along with the reactivation of wells that had been shut-in during the previous quarter.
Record production levels were realized subsequent to quarter end, with field estimate production volumes averaging 15,400 BOE per day¹ during the month of April, stemming from the success of the Company's Q1 2023 drilling program.