Exploration & Production
Bonterra Energy Announces 4Q and Year End 2011 Results
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Bonterra Energy Corp. is pleased to announce its operating and financial results for the fourth quarter and year ended December 31, 2011.
A capital program of $63 million comprised of 20 gross (16.3 net) operated Cardium horizontal wells drilled in the halo areas of the Pembina and Willesden Green fields, four gross (0.86 net) non-operated Cardium horizontal wells in the main Pembina pool and one gross (0.13 net) non-operated horizontal well in southeast Saskatchewan.
Bonterra's strategy for exploiting the main Pembina Cardium pool by horizontal drilling has now replaced the Company's previous exploitation strategy of drilling vertical infill wells. As such, Bonterra intends to focus the majority of its $65 million 2012 capital program on executing a targeted multi-well horizontal…
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