Post by
kavern23 on Sep 04, 2024 9:43pm
End Game
One of the reasons why I am on BNE board even though I dont own shares is I do feel this is going to be such an interesting story to see how it unfolds....
I think BNE end game is to do one more acquisition.
I think they will try or have poked around on what it would cost for Tourmaline Charlie Lake position in that area.
This isnt a core area for Tou and they have just kept production flat for years.
I think what has kept TOU from finding a buyer for their charlie lake is a lack of fits for buying pool out there. It is quite far from laglace area and isnt strategic for anyone until BNE got into this area.
Longshore has abit in this area I think still have it and BNE drilling now and TOU.
Kelt charlie lake rights are south and fairly small.
I am not sure what TOU is running out of their charlie lake in peace country....used to be 5k boe a day but they bought rising star property. So TOU could be at 8-10k boe in that area.
That would be a perfect size to combine with BNE bonzana undrilled acreage as it could provide CF for drilling program.
TOU charlie lake package may be avaiiable for a cheaper price then one thinks...quite drilled out of sweet spots....but it would provide alot of helpful infrascuture to BNE in a potential combo and even human capital in operators...and is FCF mature.