Exploration & Production
Bonterra Energy Announces 3Q 2012 Cardium Results
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Bonterra Energy Corp. (TSX:BNE) (Bonterra or the Company) is pleased to announce its operating and financial results for the three months and nine months ended September 30, 2012.
During the first nine months of 2012, the Company spent approximately $57.0 million on its capital development, drilling and facilities programs. During this period, the company placed two gross (two net) wells on production which were drilled in 2011 and drilled 18 gross (15.4 net) operated Pembina and Willesden Green Cardium horizontal wells of which only three wells were placed on production in the first half of the year.
The majority of the remaining wells were placed on production in the third quarter of 2012 (produced for approximately 50 percent of the period) with just two (1.7 net) wells that were…
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