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 > Awful Deal....BAD move!

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Comment by Resilience2on Mar 06, 2024 2:36pm

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Post# 35918692

RE:RE:RE:RE:RE:RE:Awful Deal....BAD move!

Let's see 2m's update: they can easily drop Cardium wells for Charlie Lake ones and be much more efficient.

Cardium wells are $ 2,5 mln: CL range is $ 3 - $ 5 mln, not that far apart and they're much more prolific.

The whole point is that capital efficiency is twice as good: so you gain by drilling CL and dropping Cardium.

Capital Efficiency goes up = more result for the same $ capex spend. Facilities are there.

So I don't see the logic in not having capex for it since most of the 2024 budget is still there to spend.

R.

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