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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

Post by kavern23on Dec 16, 2024 11:55pm
145 Views
Post# 36365528

Rex

Rex

I think Bne is doing  fairly good maybe even excellent operationally in montney and cl but is there a way to get returns faster then doing some kind of "Transaction".
it sucks saturn oil stock price is so low making them less likely to be interested in a Corp deal right now but from far away alot that makes sense if companies swapped some assets into two companies.
give Bne shareholders a ratio of Saturn shares for the cardium assets and debt.
saturn gets a ratio of new Bne explorco shares for giving Saturns Kaybob montney assets. give a ratio of warrants as well as a carrot for both shareholder bases.

after something like this left with Saturn scenario of being a 50000 boe a day, and if debt is floated in a large debt offering like Saturn is capable of doing taken on from a deal like this...a company like this size and scale may be able to pay a monthly divy very fast. Pro s to Saturn shareholders would be Company’s asset base would be better spread between Alberta and Sask and scale and no capex needed for montney. pro s Bne shareholders would be their Corp debt can be handled easier in a larger company, and returns can start faster.

Pro s to new Bne explorco would be initial 6k boe a day production company, and Kaybob montney would be another place to haul rig when cl and sexsmith montney plays need a break for well completations. Warrants raise cash to build infrastructure. A company like this financed would have potential to hit 13-15k boe a day within three years.

Just my idea, probably makes 2 much sense to happen.
 


 


 

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