Bonterra Energy Corp. is pleased to announce that the Toronto Stock Exchange has accepted the Company's notice of intention to commence a normal course issuer bid for its outstanding common shares in accordance with the rules and policies of the TSX, representing the first phase of Bonterra's complete return of capital plan. Bonterra is of the view that its intrinsic value is not being reflected in the current share price [...]
Reshaped High Impact Light Oil Asset Portfolio is now Complemented by a Structurally Improved, Stronger and more Resilient Balance Sheet Bonterra Energy Corp. is pleased to announce its financial and operating results for the fourth quarter and year ended December 31, 2024. The related financial statements and notes, as well as management's discussion and analysis along with the annual information form, all for the period [...]
Bonterra Energy Corp. is pleased to announce the summary results of its independent reserve report prepared by Sproule Associates Limited with an effective date of December 31, 2024. The Company has not released its audited 2024 financial results, and therefore the financial figures provided herein are unaudited estimates. The Sproule Report reflects the success of the 2024 capital program driven by the integration of the [...]
Bonterra Energy Corp. is pleased to announce the closing of its previously announced private placement offering of $135 million aggregate principal amount of Senior Secured Second Lien Notes due 2030 . The Notes were priced at $981.16 per $1,000 of principal amount of Notes, will accrue interest at the rate of 10.50% per annum and will have a five year term, maturing on January 28, 2030. The Notes carry a Morningstar DBRS [...]
Bonterra Energy Corp. is pleased to announce that it has entered into an underwriting agreement to issue and sell $135 million of five year, 10.50% Senior Secured Second Lien Notes due 2030 by way of private placement . The Offering is being underwritten by CIBC Capital Markets and ATB Capital Markets, as joint active bookrunners, in a syndicate that includes RBC Capital Markets as joint passive bookrunner. The Offering [...]
Bonterra Energy Corp. is pleased to announce its 2025 preliminary budget, and an operations update. PRELIMINARY 2025 BUDGET1: MAXIMIZING FREE FUNDS FLOW5 Following a pivotal year in 2024, during which Bonterra added depth and quality to its drilling prospects through land acquisitions and experienced exploration success in both the Charlie Lake and Montney plays, the Company's Board of Directors has approved its 2025 [...]
Bonterra Achieves Record Production and Realizes Early Success in the Charlie Lake and Montney Bonterra Energy Corp. is pleased to announce its financial and operating results for the three and nine month periods ended September 30, 2024. The related unaudited condensed financial statements and notes for the second quarter, as well as management's discussion and analysis , are available on SEDAR+ at www.sedarplus.ca and [...]
Bonterra Energy Corp. today announced that Mr. Robb Thompson, Chief Financial Officer and Corporate Secretary of Bonterra, will retire from the Company effective October 31, 2024 after a distinguished 13 year tenure, with Mr. Scott Johnston assuming the CFO role effective September 3, 2024. Mr. Thompson will work alongside Mr. Johnston to support a seamless transition through September and October. Mr. Thompson joined [...]
Bonterra Energy Corp. is pleased to announce its financial and operating results for the three and six month periods ended June 30, 2024. The related unaudited condensed financial statements and notes for the second quarter, as well as management's discussion and analysis , are available on SEDAR+ at www.sedarplus.ca and on Bonterra's website at www.bonterraenergy.com. FINANCIAL AND OPERATIONAL HIGHLIGHTS Three months [...]
Bonterra Energy Corp. announced that at its annual meeting of shareholders held on May 22, 2024, a total of 13,002,299, representing 34.89% of common shares outstanding, were represented in person or by proxy. Shareholders approved all resolutions listed in the management information circular dated April 1, 2024, including the election of each of the six nominees proposed as directors. The detailed results of the vote are [...]
Bonterra Energy Corp. is pleased to announce its financial and operating results for the quarter ended March 31, 2024. The related unaudited condensed financial statements and notes, as well as management's discussion and analysis , are available on SEDAR+ at www.sedarplus.ca and on Bonterra's website at www.bonterraenergy.com. FINANCIAL AND OPERATIONAL HIGHLIGHTS As at and for the three months ended March 31, 2024 [...]
Bonterra Energy Corp. is pleased to announce its financial and operating results for the fourth quarter and year ended December 31, 2023. The related financial statements and notes, as well as management's discussion and analysis along with the annual information form , all for the period ended December 31, 2023, are available on SEDAR+ at www.sedarplus.ca and on Bonterra's website at www.bonterraenergy.com. FINANCIAL AND [...]