Bonavista Energy Trust · Calgary, AB Canada ·(Toronto: BNP)

Bonavista Energy Trust hopes to see increasing revenues in its vista in Western Canada. The exploration and production company focuses on four core areas in Alberta, British Columbia, and Saskatchewan. In 2008 the company reported it had about 1.2 million net acres of undeveloped land, the bulk of which is in Alberta. Bonavista also has proved reserves of 142.2 million barrels of oil equivalent and has identified some 700 quality drilling prospects. It has a balanced production of 52,500 barrels of oil equivalent per day -- 55% natural gas, 34% light oil, and 11% heavy oil. In 2009 the company built up its asset base, acquiring properties in central Alberta area for about $698 million. To read the full description, subscribe now.