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Bonterra Grows Quickly with Spartan Acquisition and Cardium Drilling
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Bonterra Energy Corp. has announced its financial and operational results for the three months and nine months ended September 30, 2013.
In addition, the Company is pleased to announce its Board of Directors has approved both a 2014 capital expenditure program budgeted at $120 million.
FINANCIAL AND OPERATIONAL HIGHLIGHTSFor the nine month period, Bonterra has achieved record results in net earnings, funds flow, production volumes and the monthly dividend rate despite one time charges with regard to royalties and general and administrative costs totaling approximately $4.3 million. It should be noted the following comparatives use January 25, 2013 as the date when Spartan production commenced.
Highlights: Average daily production was 12,100 boe per day during the first nine months of…- ✓ Full news archive — U.S., Canada & international coverage
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