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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 18, 2024 2:52pm
130 Views
Post# 36185066

RE:RE:Big difference is much less wells but more capital efficient

RE:RE:Big difference is much less wells but more capital efficient

I was told a couple more wells to derisk the acreage and they would look at a long term solution for egress in the Montney. They don't want to enter into a take or pay deal for egress until they confirm the viability. So drilling will be limited until then. 

My guess is that they wait until after the bond is dealt with next fall before expanding the drill program. Or once CL is at 6000 boe/d

If gas prices start spiking after LNG Canada comes on everything could excelerate.  Particularly debt reduction. 

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