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Bonterra Focuses On Cost Reduction in 1Q; Completes Six Wells
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Bonterra Energy Corp. reported its operating and financial results for the three months ended March 31, 2016.
Key Points: Bonterra will continue pursuing its sustainable growth strategy by minimizing debt levels and managing the dividend and capital spending in a responsible manner. Placed six gross (4.5 net) wells on production that were drilled and completed in the latter part of 2015 and drilled two gross (2.0 net) wells that were placed on production in the first part of Q2 2016 Q1 2016 Highlights: Increased Q1 2016 production to 12,882 BOE per day compared to 12,204 BOE per day during the same period in Q1 2015 and 12,538 BOE per day in Q4 2015; Placed six gross (4.5 net) wells on production that were drilled and completed in the latter part of 2015 and drilled two gross (2.0…- ✓ Full news archive — U.S., Canada & international coverage
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