RE:RE:RE:RE:RE:BNE Well lets hope so!
Lots of optionality here.
Production at BNE is stabilized at a higher level after the big Q1 spend. Now in cash flow harvesting mode.
Oil is at a 52 week high,
gas should be heading higher as winter hits
some excitement around the Montney well. They are targeting the D3 which has stellar production number in the general area. The Montney area BNE is in tends to be about 50% liquids. Mostly higher priced condensates.
The optionality for gas, wet gas or oily wells going forward gives us large company options in a small cap package.
Or the option of partially developing and selling the property. What would a 3 or 4 well pad producing 3000 boe/day with 45 sections of land sell for to a Montney consolidator - even in this market? 120 million+ ?