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Bonterra Energy Corp (BNE.TO)

BNE.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Bonterra Energy Suspending Monthly Dividend
Wednesday, 13 May 2020 

May 12 (Reuters) - Bonterra Energy Corp ::BONTERRA ENERGY CORP. ANNOUNCES FIRST QUARTER 2020 RESULTS.BONTERRA ENERGY CORP - AVERAGED 12,034 BOE PER DAY OF PRODUCTION IN Q1 2020, CONSISTENT WITH SAME PERIOD OF 2019.BONTERRA ENERGY CORP - SUSPENDING MONTHLY DIVIDEND AND DEFERRING FURTHER CAPITAL EXPENDITURES UNTIL MARKET CONDITIONS IMPROVE.BONTERRA ENERGY CORP - EXPECTS ITS 2020 CAPITAL PROGRAM TO REMAIN SUSPENDED.BONTERRA ENERGY - IN Q2 AND LATTER HALF OF 2020, WILL ASSESS EXISTING PRODUCTION.BONTERRA ENERGY CORP - QTRLY FUNDS FLOW PER SHARE $0.44.BONTERRA ENERGY CORP - QTRLY NON-CASH IMPAIRMENT PROVISION OF $331.7 MILLION TO BONTERRA'S OIL AND GAS ASSET CARRYING VALUES.  Full Article

Bonterra Energy Announces Fully-Funded 2020 Budget, 2019 Reserves Information And Operational Highlights
Thursday, 13 Feb 2020 

Feb 12 (Reuters) - Bonterra Energy Corp ::ANNOUNCES FULLY-FUNDED 2020 BUDGET, 2019 RESERVES INFORMATION AND 2019 OPERATIONAL HIGHLIGHTS.BOARD OF DIRECTORS HAS APPROVED AN INITIAL 2020 CAPITAL BUDGET SET AT APPROXIMATELY $70 MILLION.ANNUAL AVERAGE PRODUCTION VOLUMES ARE EXPECTED TO RANGE BETWEEN 12,300 AND 12,600 BOE PER DAY.BONTERRA ENERGY- 2020 CAPITAL PROGRAM FORECASTS ALLOCATION OF ABOUT $65 MILLION TO DRILL, COMPLETE AND TIE-IN 34.9 GROSS (29.9 NET) WELLS.BONTERRA ENERGY- 2020 CAPITAL PROGRAM FORECASTS ALLOCATION OF ABOUT $5 MILLION FOR INFRASTRUCTURE COSTS.EXPECTS TO DIRECT FREE FUNDS FLOW TO FURTHER REDUCE OUTSTANDING BANK DEBT.BONTERRA ENERGY- ANTICIPATES GENERATING $86 MILLION IN CORPORATE FUNDS FLOW AND INCURRING APPROXIMATELY $4 MILLION IN DIVIDEND PAYMENTS FOR YEAR 2020.BONTERRA ENERGY- CO MAY ELECT TO ADJUST AMOUNT & TIMING OF CAPITAL SPENDING TO ENSURE OPTIMAL RETURNS WHILE SEEKING TO FURTHER REDUCE ITS DEBT LEVELS.  Full Article

Bonterra Energy Corp Reports Quarterly Loss Per Share Of $0.04
Thursday, 7 Nov 2019 

Nov 6 (Reuters) - Bonterra Energy Corp ::BONTERRA ENERGY CORP. ANNOUNCES THIRD QUARTER 2019 FINANCIAL AND OPERATIONAL RESULTS.BONTERRA ENERGY CORP - AVERAGED 12,136 BOE PER DAY OF PRODUCTION IN Q3 2019.BONTERRA ENERGY CORP - QTRLY LOSS PER SHARE $0.04.BONTERRA ENERGY - QTRLY REVENUE - REALIZED OIL AND GAS SALES $47.3 MILLION VERSUS $63.8 MILLION.BONTERRA ENERGY CORP - GENERATED FUNDS FLOW OF $22.6 MILLION ($0.68 PER SHARE) IN Q3 2019.BONTERRA ENERGY CORP - ANTICIPATES THAT ANNUAL VOLUMES WILL AVERAGE APPROXIMATELY TWO PERCENT BELOW GUIDANCE RANGE OF 12,600 TO 13,200 BOE PER DAY.BONTERRA ENERGY CORP - EXPECTS PRODUCTION COSTS IN Q4 2019 TO BE BELOW NINE-MONTH AVERAGE OF $15.03 PER BOE.BONTERRA ENERGY - ANNUAL CAPITAL SPENDING IS EXPECTED TO BE AT LOW END OF COMPANY'S ORIGINAL 2019 CAPITAL BUDGET RANGE OF $57 MILLION TO $77 MILLION.  Full Article

Bonterra Energy Says Qtrly Funds Flow Per Share $0.79
Thursday, 8 Aug 2019 

Aug 7 (Reuters) - Bonterra Energy Corp ::BONTERRA ENERGY CORP. ANNOUNCES SECOND QUARTER 2019 FINANCIAL AND OPERATIONAL RESULTS.BONTERRA ENERGY CORP - QTRLY REVENUE, REALIZED OIL AND GAS SALES, $54.9 MILLION VERSUS $67.5 MILLION.BONTERRA ENERGY CORP - QTRLY FUNDS FLOW PER SHARE $0.79.BONTERRA ENERGY CORP - AVERAGED 12,674 BOE PER DAY OF PRODUCTION IN Q2 2019, A QUARTER-OVER-QUARTER INCREASE OF 654 BOE PER DAY.BONTERRA ENERGY - QTRLY FIELD NETBACKS ROSE TO $28.63/BOE FROM $27.51 PER BOE IN Q1 2019.BONTERRA ENERGY - FOR Q2, CO'S AVERAGE REALIZED OIL PRICE WAS $71.27 PER BBL, AN INCREASE OF 10 PERCENT OVER $64.87 PER BBL REALIZED IN Q1 2019.BONTERRA ENERGY - ORIGINAL 2019 CAPITAL BUDGET OF $57 TO $77 MILLION REMAINS INTACT.BONTERRA ENERGY - AVERAGE ANNUAL PRODUCTION VOLUMES IN 2019 FORECAST TO BE AT LOW END OF GUIDANCE RANGE OF 12,600 TO 13,200 BOE/DAY.BONTERRA ENERGY - WILL CONTINUE TO EVALUATE OPPORTUNITIES TO SECURE PRICES FOR BOTH WTI AND LIGHT SWEET OIL DIFFERENTIALS.  Full Article

Bonterra Energy Corp. Updates On Credit Facilities
Tuesday, 21 May 2019 

May 21 (Reuters) - Bonterra Energy Corp ::BONTERRA ENERGY CORP. ANNOUNCES UPDATE TO CREDIT FACILITIES.BONTERRA ENERGY CORP - AMENDED CREDIT FACILITIES ARE COMPRISED OF A $300 MILLION SYNDICATED REVOLVING CREDIT FACILITY.BONTERRA ENERGY CORP - AMENDED CREDIT FACILITIES ARE COMPRISED OF A $40 MILLION NON-SYNDICATED REVOLVING CREDIT FACILITY.BONTERRA ENERGY CORP - AMENDED CREDIT FACILITIES ARE COMPRISED OF ACCORDION FEATURE WHICH ALLOWS COMPANY TO OBTAIN FUTURE FUNDING OF UP TO $40 MILLION.BONTERRA ENERGY CORP - TERMS OF AMENDED FACILITIES PROVIDE THAT LOAN IS REVOLVING TO APRIL 28, 2020, WITH A MATURITY DATE OF APRIL 28, 2021.BONTERRA ENERGY CORP - BONTERRA IS DRAWN APPROXIMATELY $300 MILLION ON $340 MILLION BANK FACILITY..BONTERRA ENERGY CORP - ANTICIPATES GENERATING APPROXIMATELY $49 TO $54 MILLION OF FREE FUNDS FLOW FOR 2019..  Full Article

Bonterra Energy Corp Qtrly Earnings Per Share $0.04
Tuesday, 7 May 2019 

May 6 (Reuters) - Bonterra Energy Corp ::. ANNOUNCES FIRST QUARTER 2019 FINANCIAL AND OPERATIONAL RESULTS.QTRLY EARNINGS PER SHARE $0.04.SAYS ACHIEVED AVERAGE QUARTERLY PRODUCTION OF 12,020 BOE PER DAY, EIGHT PERCENT LOWER THAN Q1 2018 VOLUMES OF 13,051 BOE PER DAY.SAYS BONTERRA'S ORIGINAL 2019 CAPITAL BUDGET OF $57 TO $77 MILLION REMAINS UNCHANGED.QTRLY REVENUE $49.8 MILLION VERSUS $57.1 MILLION.SAYS ANNUAL PRODUCTION VOLUMES IN 2019 ARE FORECAST TO BE IN RANGE OF 12,600 TO 13,200 BOE PER DAY.  Full Article

Bonterra Energy Corp Reports Qtrly Earnings Per Share Of $0.17
Thursday, 8 Nov 2018 

Nov 7 (Reuters) - Bonterra Energy Corp ::BONTERRA ENERGY CORP. ANNOUNCES THIRD QUARTER 2018 FINANCIAL AND OPERATIONAL RESULTS.BONTERRA ENERGY CORP QTRLY EARNINGS PER SHARE $0.17.BONTERRA ENERGY CORP - FUNDS FLOW OF $31.0 MILLION IN Q3 2018, OR $0.93 PER SHARE WAS 43 PERCENT HIGHER THAN $21.7 MILLION IN Q3 2017, OR $0.65 PER SHARE.BONTERRA ENERGY CORP - AVERAGED 13,043 BOE PER DAY OF PRODUCTION IN Q3 2018, APPROXIMATELY TWO PERCENT LOWER THAN 13,281 BOE PER DAY IN Q3 2017.BONTERRA ENERGY CORP - REMAINS ON TARGET TO MEET ANNUAL PRODUCTION GUIDANCE OF 13,200 TO 13,500 BOE PER DAY.BONTERRA ENERGY CORP - ANTICIPATES LOWER FIELD NET BACKS AND CASH FLOW IN Q4 COMPARED TO Q3 2018.  Full Article