Bonterra Energy Sets New Production Record Amid Successful Drilling Campaign

Bonterra Energy Corp., a Calgary-based oil and gas producer, announced its financial and operating results for the three and six months ended June 30, 2026. The company delivered record quarterly production of 16,828 barrels of oil equivalent (BOE) per day and funds flow of $32.9 million ($0.88 per fully diluted share).

During the quarter, Bonterra brought three Charlie Lake wells on production, all of which met or exceeded expectations. The two successful step-out wells validated recently acquired acreage, expanding the company's future drilling inventory and supporting an increase to its second-half production and capital program guidance.

Subsequent to the end of the quarter, the company completed a strategic tuck-in acquisition, increasing Bonterra's working interest in its core Bonanza Charlie Lake position to 100%. This move accelerates future development of the asset.