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Bonterra Energy acquires more Charlie Lake acreage. The recent Charlie Lake acquisition enables production growth with fewer wells. Transitioning toward liquids production enhances profitability.

Bonterra Energy: Focusing On Charlie Lake After Strong Recent Results

CALGARY, Alberta, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Bonterra Energy Corp. (TSX: BNE) (“Bonterra” or the “Company”) is pleased to announce its latest Charlie Lake well results, a strategic Charlie Lake acquisition and its 2026 preliminary budget guidance.

Bonterra Energy benefits from a very cold air event. This polar vortex event will boost natural gas prices. Recent strategic moves have shifted BNEFF toward a more profitable production mix. Larger wells and lower capital costs enhance free cash flow generation.

Bonterra maintained its full-year guidance after its Q3 2025 results. Bonterra's production declined by 12% quarter-over-quarter, although this was mostly expected (other than 2% from unplanned downtime). Bonterra placed no operated wells into production in Q3 2025, but is placing 1.8 net Charlie Lake wells online in Q4.