Bonterra Energy Corp. is a high-yield, dividend paying oil and gas company headquartered in Calgary, Alberta, Canada with a proven history of creating growth and long-term value for shareholders on a per share basis. Bonterra has paid a monthly dividend (distribution)since inception and intends to pay approximately 50 to 65 percent of funds flow to investors. Bonterra’s successful performance is due to its experienced management team, conservative capital structure and sustainable pace of development.
The company’s asset base consists of concentrated, stable and underdeveloped properties located across western Canada with large amounts of remaining oil still in place, a long reserve life and low-risk drilling locations. Bonterra is the third largest operator in the Pembina Cardium, the largest reservoir in Canada and the company’s operations are currently focused on creating value through the execution of its Cardium horizontal drill program and efficient operating practices.
Bonterra’s business strategy is to provide income to shareholders on a monthly basis in the form of a dividend and to generate above average returns for shareholders over time through the development and expansion of its high quality asset base. The company's conservative capital structure along with its large drilling inventory and efficient horizontal drilling program positions the company well to continue to provide superior value to its shareholders.
Bonterra’s operations are characterized by a long reserve life index and low risk, predictable returns. The company focuses on the sustainable development of its asset base through a steady pace of development and efficient operating practices. Bonterra's implementation of new drilling and completion methods have decreased costs and improved well performance reserve recovery. The company will continue to execute its disciplined apprach to operations in 2013 to maximize shareholder returns on a long-term basis.
Bonterra’s track record of production, reserves and dividend growth on both a total and per share basis remains unparalleled in the Canadian energy industry. Bonterra has increased its holding in the Cardium and its 2013 horizontal drill program will continue to drive growth as the company pursues the development of its opportunities in both the Pembina and Willesden Green fields. Bonterra will maintain its focus on providing superior growth to shareholders balanced by conservative financial management.
Bonterra shares trade on the Toronto Stock Exchange: BNE