Bonterra Energy Corp Reports Operating Results for the Fourth Quarter and Full Year of 2013; Provides Production Guidance for the Year 2014
For the year, the company record average daily production of 12,190 barrels of oil equivalent (BOE) per day (70.0% oil and liquids), an increase of 81.9% over the same period in 2012. Production per fully diluted share increased 18.5% to 0.147 BOE per share from 0.124 BOE per share from the prior year.
The company's full year production levels in 2014 are expected to average between 12,400 and 12,700 BOE per day (72% oil and liquids).