Exploration & Production | Operational Updates | Drilling Program
Bonterra to Complete 9 Wells in 2015
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Bonterra Energy Corp. has provided an update on the Company's position in light of recent market and industry developments.
As a resource based business, Bonterra is directly impacted by changes in commodity prices, and recently has been managing through an unexpected period of significant oil price declines. Due to this rapid price erosion and extreme volatility, accurately forecasting events and price levels over the next month is difficult and even more difficult over the coming twelve month period.
In light of this uncertainty, Bonterra is taking a patient and measured approach to its corporate planning and has concluded that it will assess the ongoing situation on a monthly basis. Continuing to manage the Company's balance sheet is of prime importance and will always be the main…
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