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 > 3 days of high volume

<< Previous

Bullboard Posts

Next >>

Comment by kavern23on Jul 31, 2024 2:20pm

143 Views

Post# 36156648

RE:RE:RE:RE:3 days of high volume

I am saying for Q2....June BNE cardium oil production looked very low compared to past months.
Remember in 2023 BNE was drilling and tieing in a pile of wells to get oil production at 7k range. I think June was closer to 5500-5700 on oil.
Oil prices may be high but need to produce lots of oil to get the benefit.

If Bne is going to drill CL and Monteny wells which is great, they need CF to fund it or debt or do a share issue.

Time will tell if Cardium is strong enough to fund these new fields.

6 months FCF is going to be issue with Q2 results.

<< Previous

Bullboard Posts

Next >>

Advancing flagship Ishkõday Gold Project in Ontario