Exploration & Production
Bonterra Energy Announces 2Q 2012 Cardium Results
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Bonterra Energy is pleased to announce its operating and financial results for the three months and six months ended June 30, 2012.
Despite these lower production levels in the first half of the year, with less infrastructure issues and new production from main pool infill horizontal drilling, Bonterra still anticipates meeting its full year guidance. The Company has begun to focus its horizontal drilling program in the main Pembina Cardium pool and drilled its first three operated wells during the first half of the year.
These wells came on production at the beginning of Q3 2012 and over the first 20 days of production produced approximately 650 BOE per day at 05-33-046-09W5 (100 percent working interest; 64 percent oil), 470 BOE per day at 01-28-046-09W5 (100 percent working interest…
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