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Bonterra Exploiting Carnwood with Pad Drilling Program

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Bonterra Exploiting Carnwood with Pad Drilling Program

Bonterra Energy Corp. has announced its operating and financial results for the three months and six months ended June 30, 2014.

The second quarter of 2014 has had record production, revenue, funds flow, net earnings and a debt level that is favorable amongst its peers.

Highlights: Production averaged 13,911 BOE per day for Q2 2014 and 12,964 BOE per day for the six months ended June 30, 2014; Generated record funds flow of $65.6 million ($2.06 per share) in Q2 2014 compared to $50.6 million ($1.65 per share) in Q2 2013 and $120.0 million ($3.77 per share) for the six months ended June 30, 2014 compared to $91.3 million ($3.13) for the same period in 2013; Average realized Canadian dollar commodity prices for Q2 2014 were as follows: crude oil $102.36 per barrel, natural gas liquids…
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