Bonterra Energy Corp. revised capital expenditure guidance for 2014. The Board has approved an increase to the 2014 capital expenditure budget from $120 million to $140 million.

The increase in the capital budget will be used to drill an additional 6 gross (5 net) wells in Fourth Quarter 2014. These wells are anticipated to be completed and on production in January 2015; Expand oil processing and gas handling capacities in the Carnwood area; and Participate in the proposed drilling of an additional 4 gross (1.1 net) non-operated wells. The additional $20 million in capital expenditures will not have a material impact in 2014, and will mainly impact 2015 operations.

The Company's guidance numbers, therefore, have not been adjusted for 2014.