Bonterra Energy sees FY25 CapEx C$65M-C$75M

“Building on Bonterra’s successful execution within its new Charlie Lake and Montney plays in 2024, we are pleased to have established a second core area in the Charlie Lake and an emerging resource play in the Montney, toward which capital will be allocated in 2025 and beyond. The approved Budget, which includes $65 million to $75 million in capital expenditures, is designed to maximize Free Funds Flow in the prevailing commodity price environment through strategic capital allocation across the Company’s two core areas,” said Patrick Oliver, President and CEO of the Company. “While continuing to prudently develop our high-quality, oil-weighted asset base, we intend to focus on debt repayment in 2025, a key initiative in supporting our ultimate goal of implementing a sustainable return of capital to shareholders,” added Mr. Oliver.