Exploration & Production | Reserves | Production Rates
Bonterra's 2014 Production Increased 8%
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Bonterra Energy Corp. has provided an operational update as well as the results of its independent reserve report prepared by Sproule Associates Limited with an effective date of December 31, 2014.
Operational Highlights Record average daily production for the full year of 13,195 barrels of oil equivalent (BOE) per day (71 percent oil and liquids), an increase of 8 percent over the same period in 2013. Record average daily production of 13,488 BOE per day in the fourth quarter, an increase of 8 percent when compared to the fourth quarter of 2013. Production per fully diluted share increased over 2 percent to 0.150 BOE per share from 0.147 BOE per share from the prior year.The Company has not released its audited 2014 financial results, and therefore the numbers provided are currently…
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