Bonterra Energy Stock

Bonterra Energy Corp., an upstream oil and gas company, engages in the production and sale of crude oil, natural gas, and natural gas liquids.

The company’s assets consist of crude oil and natural gas assets. The Pembina and Willesden Green Cardium fields are the company’s major properties located in central Alberta. The Cardium reservoir is the largest conventional oil reservoir in western Canada that features large original oil in place with very low recoveries. Combined, they are the company’s largest producing asset and represent 99.0 percent of Proved plus Probable reserves.

The Pembina Cardium field is the largest conventional oil field in Canada with an estimate of original oil in place of 10.6 billion barrels with less than 15 percent produced. The company operates approximately 90 percent of its production and operates the majority of its related oil and gas processing facilities. The company operates approximately 58 oil batteries of various capacities in the Pembina area.

The company’s Shaunavon properties are located in the Chambery field and produce medium density crude oil from the upper Shaunavon formation currently under waterflood. Annual production for 2019 was 143 BOE per day (net). The company has ownership in all facilities required to process its Shaunavon production.

The Prespatou area of northeast British Columbia consists almost entirely of natural gas and associated natural gas liquids with annual production of approximately 136 BOE per day for 2019.