Bonterra Energy Reports Charlie Lake Well Results, Acquisition for $15.7M, and 2026 Budget Guidance

Bonterra Energy Corp. has completed two new Charlie Lake wells, achieving combined 30-day peak rates of 2,650 BOE per day, including 1,100 barrels per day of light crude oil. The company plans to bring an additional well into production in Q1 2026.

Bonterra has signed a $15.7 million acquisition deal for assets adjacent to its Charlie Lake operations, expected to close by December 31, 2025. This acquisition is projected to increase the company's production and cash flow, adding approximately 240 bbl/d of crude oil and 2,885 mcf/d of natural gas.

The 2026 preliminary budget anticipates production growth of 8% year-over-year, targeting 16,300 BOE per day, with a focus on capital deployment in Charlie Lake and Montney assets. The budget includes hedges on 31% of expected crude oil and 21% of natural gas production through mid-2026.