Exploration & Production | Quarterly / Earnings Reports
Bonterra Drills 15 Cardium Wells in Q2; Achieves Records
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Bonterra Energy Corp. has reported its operating and financial results for the three months and six months ended June 30, 2013.
The second quarter of 2013 has been an exceptional quarter. The Company had record production, revenue, funds flow, net earnings and a debt level that is favourable amongst its peers. On a six month basis, funds flow is $3.25 per share if the Spartan assets contribution is for 181 days or $3.12 for 157 days using the January 25, 2013 closing date.
Highlights: Generated record fund flows from operations of $50.6 million ($1.65 per share) in the second quarter of 2013, as compared to $40.8 million ($1.47 per share; note 1) in the first quarter of 2013, an increase of 24.0 percent and $16.6 million ($0.84 per share) in the second quarter of 2012, an increase of…- ✓ Full news archive — U.S., Canada & international coverage
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