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 > Not to worry

<< Previous

Bullboard Posts

Next >>

Comment by Lingcodon Jun 03, 2023 1:12am

153 Views

Post# 35478185

RE:RE:Not to worry

I think getting the bulk of the drilling done in q1 and q2 is a great thing. Why ? Simply more
revenues for the company 6 months from now. Without drilling you have a company wasting its time.
And they hit some pretty nices holes as well.

They paid back alot of debt so far, and it makes sense to now grow the company and with increase revs, they can pay the balance of the loan quicker, and the timing of a dividend works by the the end of the year, just when the new wells give revs.

IMO.

<< Previous

Bullboard Posts

Next >>

They started in video game investing, now they serve high net worth traders