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Bonavista Energy Corporation (T:BNP)

Business Focus: Oil & Gas Exploration and Production

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Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: 1500-525 8 Ave SW
Tel: 1-403-6482395
IR: See website
Key People
Keith A. MacPhail
Executive Chairman of the Board
Scott Wilhelm
Vice President - Engineering
Jason E. Skehar
President, Chief Executive Officer, Director
Ronald J. Poelzer
Executive Vice Chairman of the Board
Dean M. Kobelka
Chief Financial Officer, Vice President - Finance
Bruce W. Jensen
Chief Operating Officer
Colin Ranger
Vice President - Operations
Lynda J. Robinson
Vice President - Human Resources and Administration
Rochelle Lee Estep
Vice President - Strategy and Planning
Scott Shimek
Vice President - Resource Development
Business Overview
Bonavista Energy Corporation is a resource company engaged in the acquisition, exploration, development and production of oil and natural gas assets. The Company's West Central Core Area is characterized by natural gas and light oil resources. West Central Core Area is located within the Western Canadian Sedimentary Basin (WCSB) between Calgary and Drayton Valley, Alberta. Its infrastructure in West Central Core Area includes over 2,800 kilometers of pipelines and approximately 40 facilities. Its Deep Basin Core Area contains multiple vertically stacked oil and natural gas reservoirs. Its Deep Basin Core Area is located within the WCSB between Edmonton and Fox Creek, Alberta. The Company's Deep Basin Core Area's production averages approximately 21,460 barrels of oil equivalent per day (boe/d). It has assembled a land position of approximately 295,110 net acres and identified over 300 horizontal drilling locations. Its assets are located in Alberta, British Columbia and Saskatchewan.
Financial Overview
For the six months ended 30 June 2019, Bonavista Energy Corp revenues decreased 20% to C$192.7M. Net loss decreased 26% to C$38.3M. Revenues reflect Natural Gas Production, Total decrease of 12% to 50.23B cubic feet, Oil Equivalent Production (Bls/D)DeepBa decrease of 18% to 24K barrels per day, Production decrease of 22% to C$202.1M. Lower net loss reflects Unrealized gain on foreign exchange increase from C$18.4M (expense) to C$30.8M (income).
Employees: 195 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $432.47M as of Jun 30, 2019
EBITDA (TTM): $227.20M as of Jun 30, 2019
Net annual income (TTM): $25.11M as of Jun 30, 2019
Free cash flow (TTM): $49.91M as of Jun 30, 2019
Net Debt Last Fiscal Year: $763.38M as of Jun 30, 2019
Shares outstanding: 260,453,000 as of Jun 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization