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 TheRexmemberon May 14, 2024 8:49pm

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Post# 36040083

Outstanding quarter

Way ahead of expectations.

Montney well tied in
Added another section on Montney land
drilled a water disposal well
Built an oil battery to handle both Montney wells
Moved completions to Q2 so better oil prices on flush production
Decent decline rates in Cardium right at forecast production rate.
260 boe currently shut in

Note they moved the Charlie Lake drilling forward. Nice work to get that organized so quickly - they were forecasting H2 vs Q2

looking forward to IP 30 results from the Montney soon.

here is the CL note :

With extensive operational expertise and a solid track record of successful execution in the Cardium, Bonterra’s technical team intends to leverage that accumulated knowledge to enhance and optimize the development of the Charlie Lake asset. A five-well Charlie Lake development drilling program is expected to commence in the second quarter, with one of those wells being drilled but uncompleted. Bonterra anticipates Charlie Lake production will reach 6,000 BOE per day by 2026 and can be maintained for over a decade, based on conservative estimates of the identified drilling inventory.