Fourth quarter production volumes were previously reported with the Company’s year-end reserve release in February, with no other surprises included in the year- end results. Recall, Bonterra previously reported year-end reserves which were up ~13% on a 2P basis, while NPVs were up ~4% impacted by lower commodity prices. Management reiterated plans for capital spending of $40 mm in 2016e, with production expected to average ~12,500 boe/d. We have made very few changes to our forecast coming off ....
18 Mar 2016
Year-end Results Contain no Surprises
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Year-end Results Contain no Surprises
Bonterra Energy Corp. (BNE:TSE) | 0 0 1.5% | Mkt Cap: 460.0m
- Published:
18 Mar 2016 -
Author:
Michael Hearn -
Pages:
7
Fourth quarter production volumes were previously reported with the Company’s year-end reserve release in February, with no other surprises included in the year- end results. Recall, Bonterra previously reported year-end reserves which were up ~13% on a 2P basis, while NPVs were up ~4% impacted by lower commodity prices. Management reiterated plans for capital spending of $40 mm in 2016e, with production expected to average ~12,500 boe/d. We have made very few changes to our forecast coming off ....