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Bonterra to focus drilling in 2019 on Pembina Cardium
Bonterra Energy Corp. approved a 2019 capex budget of $57-77 million, with a focus at its Carnwood and Rose Creek areas of the Pembina Cardium. By comparison, the company spent $73.9 million on capex in the first nine months of 2018. The wide range of the budget gives the company the flexibility to adjust its expenditures to the price of oil and gas. One of the company’s goals is to maintain financial flexibility while paying its current dividend. Bonterra’s 2019 capital budget anticipates that in Q1 it......
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