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Bonterra Energy Corp. (T:BNE)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: S.W., 901-1015 4 St SW
Tel: N/A
IR: See website
Key People
George F. Fink
Chief Executive Officer, Director
Robb D. Thompson
Chief Financial Officer, Corporate Secretary
Adrian Neumann
Chief Operating Officer
Brad A. Curtis
Senior Vice President - Business Development
Business Overview
Bonterra Energy Corp. is a Canada-based conventional oil and gas company with operations in Alberta, Saskatchewan, and British Columbia. The Company is engaged in the development and production of oil and natural gas in the Western Canadian Sedimentary Basin. The Company's operating areas include Pembina Cardium and other areas, which include Saskatchewan and Northeast British Columbia. The Company is focused on the development of the Pembina and Willesden Green Cardium lands within central Alberta. It has over 230 net sections of land and over 20 years of drilling inventory including 300 net booked and over 700 net internally-identified multi-zone locations. The Company has Shaunavon properties in the Chambery field, which produce medium density crude oil from the upper Shaunavon formation under waterflood. The Company also has assets in the Prespatou area of northeast British Columbia, which consist almost entirely of natural gas and associated natural gas liquids.
Financial Overview
For the nine months ended 30 September 2022, Bonterra Energy Corp revenues increased 61% to C$251.1M. Net income decreased 62% to C$61.8M. Revenues reflect Crude Oil Production (Barrels) increase of 2% to 2M barrels, Oil Equivalent Production (Units/day), T increase of 9% to 14K barrels per day, Oil and gas sales increase of 72% to C$297M. Net income was offset by Avg. Production Costs per Barrel, Total increase of 19% to C$17.93 per barrel.
Employees: 36 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $504.33M as of Sep 30, 2022
Annual revenue (TTM): $321.87M as of Sep 30, 2022
EBITDA (TTM): $225.59M as of Sep 30, 2022
Net annual income (TTM): $78.09M as of Sep 30, 2022
Free cash flow (TTM): $101.16M as of Sep 30, 2022
Net Debt Last Fiscal Year: $171.95M as of Sep 30, 2022
Shares outstanding: 36,912,892 as of Jan 5, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization