Bonterra Energy Corp T.BNE

TOU & KELT are actively buying (exp) acreage around + MNTN

[Resilience2]

And indeed a large part of the acquisition came from Archer and there was one other company that sold a piece and retained 9%.

Looks like Montney may well already flow early in Q2: in my view this will pay pretty much for the next well end of year.

I know one of the posters was wrong in so far as that they do need to drill to retain rest of the acreage (part was retained through the 1st drill). 

R.

[TheRexmember]

Nice work Res. Particularly on the TOU cross referencing. On my ipad I can't see a lot of Tou wells drilled near our acreage. They seem to be clustered near their batteries to the southeast.  I thought that Pat said only one well was needed to hold acreage in Montney in a news release? The presentation does say a second well is pending gas egress arrangements only.  where are

[Resilience2]

TOU has licensed 3 wells targetting the same subcrop (AI it and you get the idea). It's in relation to the fairway for favorable exploration of the production zone. TOU"s land are closer to their acreage of the fairway but since the Fairway moves to the left near BNE's acreage it makes sense they're targetting the same subcrop there. 98% certain they need to drill MNTN 2nd well

[Flush11]

the short position dropped about 170k in the latest update.