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 > Q3

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Comment by TheRexmemberon Nov 17, 2024 2:44pm

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Post# 36317240

RE:RE:RE:RE:RE:Q3

Paramount and Kelt both use the same strategy to build up a land position and later monetize it. Neither company was or is in a position where they had to make a deal. It is just another business model.

now up to 52 sections in the BNE Montney.

Montney land position > than market cap

Cardium > than 2X market cap

what is the Charlie lake worth with 6000 boe/day and 25-35 million in free cash flow in 18 months?

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