CALGARY, AB, Dec. 15, 2022 /CNW/ - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") announced today that the Company's Board of Directors has approved a fully-funded 2023 capital expenditures budget ranging between $120 to $125 million, which is expected to grow production volumes through the year to exit 2023 between 14,100 and 14,400 BOE per day3 with annual average production between 13,500 and 13,700 BOE per day1. This budget incorporates measured capital allocation opportunities and affords Bonterra the ability to adjust capital spending in response to changes in the commodity markets, while also enabling the pursuit of growth-oriented acquisition opportunities designed to enhance the production base, formulate new core areas and expand the Company's drilling inventory in the high-value Cardium fairway.
Read more at newswire.caBonterra Energy Corp. Announces Fully-Funded 2023 Annual Capital Program
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