2021 Reserves and Provides Operational Update CALGARY, AB, Feb. 10, 2022 /CNW/ - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") is pleased to announce the summary results of its independent reserve report (the "Sproule Report") prepared by Sproule Associates Limited ("Sproule") with an effective date of December 31, 2021, while also providing an operational update on key fourth quarter highlights and recent activities. The Company has not released its audited 2021 financial results, and therefore the financial figures provided herein are estimates and are unaudited.
The Sproule Report was prepared in accordance with the definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation Handbook ("COGE Handbook") and National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). Additional reserves information as required under NI 51-101 will be included in the Company's Annual Information Form which is expected to be filed on or about March 9th on SEDAR and posted to Bonterra's website.