Bonterra Energy Corp.
Other OTCCapital Structure
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in mil. unless spec.- CEO
- Patrick G. Oliver
- Full Time Employees
- 41
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 1015-4th Street SW Calgary AB Canada T2R 1J4
- IPO Date
- Jul 21, 2004
- Website
- bonterraenergy.com
- Similar Companies
- Business
- Bonterra Energy Corp. (TSX: BNE; OTC: BNEFF) is a conventional oil and gas company focused on the exploration, development and production of crude oil, natural gas and natural gas liquids primarily in the Western Canadian Sedimentary Basin; its core assets include a sizeable, concentrated position in the Pembina Cardium play in central Alberta offering stable light oil production with low-risk drilling locations and long reserve life index, complemented by emerging high-impact Charlie Lake light oil assets in northern Alberta with over 100 Tier 1 net drilling locations and scalable Montney resource play prospective for light oil, natural gas and NGLs; production is approximately 65% liquids-weighted, with average daily output of around 15,000 BOE targeting stable cash flows from Cardium development alongside growth from Charlie Lake and Montney delineation. Founded in 1981 and headquartered in Calgary, Alberta, Bonterra operates over 92% of its production with owned infrastructure supporting operational efficiencies and market egress; the company serves energy markets through physical sales and hedging programs covering roughly 43% of crude oil and 30% of natural gas production. Recent strategic changes include the March 2024 acquisition of high-quality Charlie Lake assets for $24.1 million, expanding contiguous land to 116 net sections and adding 330 BOE/d production with plans for four gross wells in 2024; executive enhancements in 2023 such as new CEO Patrick Oliver and 2024 CFO Scott Johnston; January 2025 issuance of $135 million 10.50% senior secured second lien notes maturing 2030 to refinance term debt and debentures, enhancing liquidity alongside a renewed $125 million revolving credit facility; April 2025 initiation of a Normal Course Issuer Bid repurchasing 737,700 shares by Q3 2025; and ongoing Montney success with two wells producing over 500 BOE/d each into 2025, driving record 2024 production and 7% YTD 2025 growth to 15,600 BOE/d.
Bonterra Energy Corp. Announces Approval of All Resolutions at Annual Meeting of Shareholders and Voting Results
Bonterra Energy Announces First Quarter 2026 Results and Operations Update
Bonterra Energy Announces Approval of Its Second Normal Course Issuer Bid
Bonterra Energy Announces Year-End 2025 Results and Reserves Evaluation; Achieves Record Annual Production
Bonterra Energy: Growth Strategy On Track
Bonterra Energy: Focusing On Charlie Lake After Strong Recent Results
Bonterra Energy Announces Charlie Lake Well Results, Strategic Charlie Lake Acquisition and 2026 Preliminary Budget Guidance
Bonterra Energy: Winter To The Rescue
Bonterra Energy: Improving AECO Prices Help Offset Sub-$60 Oil Prices
Bonterra Energy Corp. Announces Participation in the Schachter Catch the Energy Conference
Bonterra Energy: Deep Undervaluation And High EBITDA Will Pave The Way
Bonterra Energy: Debt Refinancing Addressed Its Near-Term Maturities
Bonterra Energy: The Transition To More Profitable Production Continues
Bonterra Energy: Lake Charlie To The Rescue
Bonterra Energy: Results Move Towards Oil As Recovery Continues
Bonterra Energy: The Turnaround Continues
Bonterra Energy Remains Undervalued But Likely Not For Much Longer
Bonterra Energy Is A Strong Canadian Organic Growth Play
Bonterra Energy: Bet On New Management
Bonterra Energy: Still A Great Call Option On The Oil Price