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 > Educated guess...

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Comment by Resilience2on Sep 30, 2023 1:46am

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Post# 35663001

RE:RE:Educated guess...

I think $ 200 mln is light, BNE should immediately do that if that's the case.

Unless the ARO is high to compensate (which it might be) you're not getting 10.000 boe/d oil weighted for 20k per flowing barrel.

This may work if the deal is seen by all as how much a % they get of the total compny and they will want to have some cash.

But it's certainly not impossible.

R.

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