Bonterra Energy Corp.

Bonterra Energy Corp. is pleased to announce its operating and financial results for the year ended December 31, 2020 and provide summary results of its independent reserve report prepared by Sproule Associates Limited with an effective date of December 31, 2020. The related financial statements and notes, as well as management's discussion and analysis for the year ended December 31, 2020 and annual information form as [...]

Bonterra Energy Corp. today confirms that the Company's Board of Directors has approved a fully-funded 2021 capital budget of between $65 to $75 million, along with the associated guidance, and provides an operational update. Operational Update Through 2020, Bonterra invested approximately $44 million1 in capital projects, a substantial reduction from its original annual capital budget of $70 million, reflecting the [...]

Custodians reporting holdings indicated under 1% of Bonterra's shares have been tendered Close to 40% of Bonterra shareholders continue to advise the Company they will NOT tender their shares Second amendment to extend the offer demonstrates the continued failure of the Hostile Bid Shareholders need to take no action to REJECT the offer Bonterra Energy Corp. and its Board of Directors reiterates the previous [...]

• Offer to purchase Bonterra extended to March 29, 2021, allowing Bonterra shareholders to assess the relative performance of the two companies' fourth quarter and year end 2020 results • Obsidian Energy draws attention to questionable trading activity of Bonterra CEO Obsidian Energy Ltd. , today announced that it has extended the expiry of its offer to purchase all of the issued and outstanding common shares of [...]

• Offer to purchase Bonterra extended to March 29, 2021, allowing Bonterra shareholders to assess the relative performance of the two companies' fourth quarter and year end 2020 results • Obsidian Energy draws attention to questionable trading activity of Bonterra CEO Obsidian Energy Ltd. , today announced that it has extended the expiry of its offer to purchase all of the issued and outstanding common shares of [...]

Bonterra shareholders continue to advise the Company they will not tender their shares Bonterra is better positioned as a stand-alone entity Shareholders need to take no action to REJECT the offer Bonterra Energy Corp. and its Board of Directors reiterates its recommendation that shareholders reject Obsidian Energy Ltd.'s conditional unsolicited bid to acquire all of the issued and outstanding common shares of Bonterra in [...]

Bonterra shareholders continue to advise the Company they will not tender their shares Amended offer displays lack of success with Hostile Bid Shareholders need to take no action to REJECT the offer Bonterra Energy Corp. today confirms that the Company has carefully reviewed the Notice of Extension, Variation and Change filed by Obsidian Energy Ltd. for the unsolicited bid to acquire all of the issued and outstanding [...]

Bonterra Energy Corp. today acknowledges amendments to the unsolicited offer from Obsidian Energy Ltd. to purchase all of the issued and outstanding common shares of Bonterra and continues to recommend that Bonterra Shareholders take no action, and REJECT the Hostile Bid by NOT TENDERING their shares. Obsidian's Hostile Bid has proven to be unsuccessful, with Bonterra shareholders overwhelmingly advising they will not [...]

Offer to purchase Bonterra extended to January 25, 2021 Minimum tender condition lowered to 50% of Bonterra Energy Corp.'s outstanding shares Improved valuation following Obsidian Energy Ltd. share price up 110% in the last month, compared to 4% for Bonterra Energy Corp. *This news release contains multimedia – to view the full PDF version as it is intended, please click here.* Obsidian Energy Ltd. today announced that [...]

Bonterra is one of the first Canadian energy producers to qualify and be approved for both the EDC and BDC government support programs, a condition of which is financial viability. With the successful completion of its recent financing initiatives, Bonterra's go-forward strategic plan is expected to grow production by more than 30 percent and return the Company's average annual production to pre-COVID levels of [...]