Bonterra Energy Corp. is a conventional oil and gas company with operations focused in the Pembina Cardium field in Alberta, executing a strategy of long-term, sustainable growth and value creation for shareholders. Bonterra’s long track record of performance is due to its experienced management team, low-risk asset base and sustainable pace of development. The Company is headquartered in Calgary, Alberta, Canada.
Bonterra’s asset base is comprised of concentrated, stable and under-developed 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 one of the leading operators in the Pembina Cardium, the largest reservoir in Canada and also has minor assets in Saskatchewan and British Columbia. The Company’s operations are currently focused on creating value through the execution of its Cardium horizontal drilling program and efficient operating practices.
Bonterra’s operations are characterized by a long reserve life index ("RLI") and low-risk, predictable returns. The Company focuses on the sustainable development of its asset base through a steady pace of capital investment and efficient operating practices. Bonterra's implementation of new drilling and completion methods have decreased costs and improved well performance and reserve recovery. The Company will continue to execute its disciplined approach to operations to maximize shareholder returns over the long-term.
Bonterra’s track record of production and reserves growth on both an absolute and per share basis demonstrates the Company’s commitment to generating value for shareholders. Bonterra has steadily increased its holdings in the Cardium and through a conservative capital development program, will continue to target light oil prospects in the Pembina Cardium field, most notably in its Carnwood area. Bonterra is committed to focusing on delivering superior growth to shareholders balanced by conservative financial management.
Bonterra is dedicated to reducing debt and creating sustainable value for shareholders by generating Free Funds Flow which can be used to further reduce debt over the shorter term, pursue growth opportunities or potentially pay dividends as the balance sheet strengthens over the longer term. A low corporate decline rate requires minimal capital to sustain production, supporting financial flexibility through a volatile commodity price environment and Bonterra’s conservative capital expenditures program is designed to withstand volatility while supporting its net debt reduction focus.
Bonterra shares trade on the Toronto Stock Exchange under ticker BNE.