Bonterra Energy Corp. is a dividend paying oil and gas company with a proven history of delivering per share growth and creating long-term value for shareholders. The Company has paid a monthly dividend (distribution) since inception and targets a sustainable payout to investors equal to approximately 50 to 65 percent of funds flow. Bonterra’s successful performance is due to its experienced management team, conservative capital structure 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. 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 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 Bonterra well to continue providing sustainable returns to shareholders.
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, reserves and dividend growth on both an absolute and per share basis remains unparalleled in the Canadian energy industry. Bonterra has steadily increased its holdings in the Cardium and its capital development program will continue to primarily 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 shares trade on the Toronto Stock Exchange under ticker BNE.