The Company has Shaunavon properties in the Chambery field which produce medium density crude oil from the upper Shaunavon formation currently under waterflood. The wells in this area are generally long-life with stable, low-decline production profiles and Bonterra is optimizing the existing waterflood program to further increase profitability from the existing property.
Northeast British Colombia
Bonterra has assets in the Prespatou area of northeast BC, which consist almost entirely of natural gas & associated natural gas liquids. As natural gas prices remain depressed, the Company has focused on cost minimization and low cost optimizations to maximize area profitability. The Company has evaluated the geology of the entire area in which it holds interests to assess and identify potential drilling and workover opportunities. A drilling inventory has been established and a drilling program may be conducted should the price of natural gas improve.