What is Bonterra's stock symbol and how do I become a shareholder ?

Bonterra's shares are listed on the Toronto Stock Exchange under the symbol ‘BNE’. Bonterra shares can be purchased through a broker or discount brokerage; they cannot be purchased directly from the Company.

When supported by a strong balance sheet and robust operating conditions, Bonterra would explore the reinstatement of its dividend, and consistent with previous practices, would target monthly dividend payments dependent upon commodity prices and production levels, among other factors. Management and the Board of Directors monitor debt levels, production volumes, dividend levels, capital expenditures and payout ratios on a monthly basis in their assessment of the dividend reinstatement.

To mitigate commodity price volatility and protect future Funds Flow, the Company’s Board implemented a hedging policy to opportunistically lock-in or set boundaries on prices which can support Bonterra’s capital program and sustainability. This policy allows the Company to hedge up to 50% of production volumes for up to one-year forward. Over the past few years, on several occasions Bonterra has been hedged between 30% and 40%. During periods of market weakness, above normal debt levels or commodity price volatility, Management is committed to executing a larger and more regimented hedging program. Bonterra does not currently hedge interest rates or foreign exchange.

Bonterra's average daily production for the first quarter of 2023 was 13,464 BOE per day (see the May 11, 2023 press release for more details).

Bonterra's production mix in the first quarter of 2023 was comprised of approximately 52 percent light crude oil, 9 percent natural gas liquids and 39 percent conventional natural gas.

At December 31, 2022, Bonterra's reserve life index ("RLI") was approximately 20.5 years on a proved plus probable basis. The RLI is calculated annually based on the year-end reserves report.