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Bonterra Energy Corp T.BNE

Alternate Symbol(s):  BNEFF

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

Comment by TheRexmemberon Aug 14, 2024 12:00pm
174 Views
Post# 36178663

RE:RE:RE:RE:Solid Q2

RE:RE:RE:RE:Solid Q2

I see the you aIready to his comment now. I read that the same way. Should exceed guidance easily. 

two more CL wells to tie in, shut in production should offset  decline rates. They were forecasting 25- 30 million in fcf we are easily on pace to hit that. 

i think they will drill another 4-5 CL wells in Q4 to tie in early next year so that wlll generate a ton of FCF heading into next fall. 

at some point 2 bcf/day will be heading west for LNG so gas will be moving up. We have had a mismatch with demand in the AECO market but still haven't maxed out storage. Once LNG pulls 12% of production west that should be enough to surprise the market with better pricing. 

Crew sold too soon. 

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