What is Bonterra's stock symbol? How do I become a shareholder of Bonterra?

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.

Bonterra’s dividend is paid monthly and is subject to commodity prices and production levels, among other factors. Management and the Board of Directors monitor production volumes, dividend levels, capital expenditures and payout ratios on a monthly basis in their assessment of the dividend level.

The dividend date is the date on which the cash dividend is paid to shareholders, and historically has always been the last trading day of the month.

The record date occurs ten trading days prior to the dividend date while the ex-dividend date is one trading day prior to the record date.

Dividends are paid to all investors who hold shares on the record date. In order to be a shareholder of record on the record date, shares must be purchased at least one day prior to the ex-dividend date to allow for the trade to settle. If a buyer purchases shares on the ex-dividend date, the trade would not settle until one trading day after the record date, meaning the seller (not the buyer) would receive the dividend as the holder of record.

Management and the Board of Directors have reassessed the hedging policy and decided in the near term the Company will not enter into further risk management contracts at this time. This policy will continue to be reviewed.

Bonterra's average annual daily production for 2019 was approximately 12,305 BOE per day (unaudited - see February 12, 2020 press release for details), and based on the Company's 2020 budget, annual average production volumes are expected to range between 12,300 and 12,600 BOE per day in 2020.

Bonterra's 2020 anticipated production mix is comprised of approximately 67 percent light crude oil and natural gas liquids and 33 percent natural gas.

At December 31, 2019, Bonterra's reserve life index ("RLI") was approximately 23 years on a proved plus probable basis. The RLI is calculated annually based on the year-end reserves report.