Bonterra Energy Corp.

Bonterra Energy Corp. today announces that it has finalized the credit facility redetermination with its syndicate of lenders, and provides an operational update. Credit Facility Update Bonterra and its syndicate of lenders have agreed to amend the Facility as follows: Reflecting the Company's ongoing strategy of focusing on the repayment of outstanding bank debt, Bonterra has agreed with its lenders to a borrowing base [...]

Bonterra Energy Corp. announced that at its annual and special meeting of shareholders held on May 20, 2021, a total of 17,861,929 shares, representing 53.24% of common shares outstanding, were represented in person or by proxy. Shareholders approved all resolutions listed in the management information circular dated April 15, 2021, including the election of each of the five nominees proposed as directors. The detailed [...]

Bonterra Energy Corp. today announces its operating and financial results for the three month period ended March 31, 2021. The related unaudited condensed financial statements and notes, as well as management's discussion and analysis , are available on SEDAR at www.sedar.com and on Bonterra's website at www.bonterraenergy.com. HIGHLIGHTS As at and for the three months ended March 31, 2021 December 31, 2020 March 31, 2020 [...]

Bonterra Energy Corp. today announces that Mr. D. Michael G. Stewart has been appointed Chair of the Board of Directors effective immediately, assuming the role from Mr. George Fink, who remains an active Director on the Board and the Company's Chief Executive Officer. In addition, Bonterra's Board has approved certain amendments to the Company's by-laws , including the adoption of an advance notice requirement in [...]

Bonterra Energy Corp. acknowledges Obsidian Energy Ltd.'s press release, dated March 29, 2021, which confirms that Obsidian has not extended its hostile bid, and therefore the hostile bid expired as of 5:00 p.m. on March 29, 2021. As of the expiry, the hostile bid was unsuccessful and any Bonterra shares that had been tendered will be promptly returned to the respective Bonterra shareholders. The Company appreciates the [...]

Bonterra Energy Corp. is pleased to announce the appointment of Mr. D. Michael G. Stewart to its Board of Directors , effective March 17, 2021. Bonterra believes Mr. Stewart's extensive energy experience and expertise across all facets of corporate governance will provide invaluable contributions to the Board. Mr. Stewart currently serves on the board of TSX and NYSE-listed TC Energy and brings more than 40 years of [...]

Bonterra Energy Corp. is pleased to announce its operating and financial results for the year ended December 31, 2020 and provide summary results of its independent reserve report prepared by Sproule Associates Limited with an effective date of December 31, 2020. The related financial statements and notes, as well as management's discussion and analysis for the year ended December 31, 2020 and annual information form as [...]

Bonterra Energy Corp. today confirms that the Company's Board of Directors has approved a fully-funded 2021 capital budget of between $65 to $75 million, along with the associated guidance, and provides an operational update. Operational Update Through 2020, Bonterra invested approximately $44 million1 in capital projects, a substantial reduction from its original annual capital budget of $70 million, reflecting the [...]

Custodians reporting holdings indicated under 1% of Bonterra's shares have been tendered Close to 40% of Bonterra shareholders continue to advise the Company they will NOT tender their shares Second amendment to extend the offer demonstrates the continued failure of the Hostile Bid Shareholders need to take no action to REJECT the offer Bonterra Energy Corp. and its Board of Directors reiterates the previous [...]

• Offer to purchase Bonterra extended to March 29, 2021, allowing Bonterra shareholders to assess the relative performance of the two companies' fourth quarter and year end 2020 results • Obsidian Energy draws attention to questionable trading activity of Bonterra CEO Obsidian Energy Ltd. , today announced that it has extended the expiry of its offer to purchase all of the issued and outstanding common shares of [...]