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Bonterra Energy Corp. Increases 2014 Capex Budget

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June 26, 2014

The board of directors for Bonterra Energy Corp. (TO: BNE.TO) approved an increase to the company’s 2014 capex budget, Bonterra said June 25.

The increase—to CA$140 million from $120 million--will support the drilling of six gross (5 net) wells in this year’s fourth quarter, the company said. The wells are scheduled to be completed and on production in January 2015, Bonterra said.

The increase will support expansion of oil processing and gas handling capacities in Carnwood, and might support the drilling of four gross (1.1 net) nonoperated wells, Bonterra added. ...

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