Fourth quarter production volumes came in slightly below expectations, although recall the Company’s corporate strategy calls for restricting production volumes in this period of low commodity prices. Bonterra reported year-end reserves which were up ~13% on a 2P basis, while NPVs were up ~4% impacted by lower commodity prices. Management did not provide an operations update or any revisions to its formal guidance. As such we have not made any changes to our estimates at this juncture. We mainta ....
12 Feb 2016
Bonterra Energy Reports Solid 2015 Year-End Reserve Report
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Bonterra Energy Reports Solid 2015 Year-End Reserve Report
Bonterra Energy Corp. (BNE:TSE) | 0 0 1.5% | Mkt Cap: 460.0m
- Published:
12 Feb 2016 -
Author:
Michael Hearn -
Pages:
7
Fourth quarter production volumes came in slightly below expectations, although recall the Company’s corporate strategy calls for restricting production volumes in this period of low commodity prices. Bonterra reported year-end reserves which were up ~13% on a 2P basis, while NPVs were up ~4% impacted by lower commodity prices. Management did not provide an operations update or any revisions to its formal guidance. As such we have not made any changes to our estimates at this juncture. We mainta ....