Business
Bonterra Energy Announces Charlie Lake Well Results, Strategic Charlie Lake Acquisition and 2026 Preliminary Budget Guidance
CALGARY, Alberta, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Bonterra Energy Corp. (TSX: BNE) (“Bon...
About this update from Bonterra Energy Corp.
[{"type":"text","content":"Bonterra Energy Announces Charlie Lake Well Results, Strategic Charlie Lake Acquisition and 2026 Preliminary Budget Guidance\n\n\n\n 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.\n \n\n\n\n\n LATEST TWO CHARLIE LAKE WELLS ONSTREAM IN Q4 2025 WITH AVERAGE 30-DAY SINGLE WELL PEAK RATES OF\n \n\n APPROXIMATELY\n \n\n\n\n 1,325 BOE PER DAY\n \n\n\n\n\n\n ENTERED INTO A DEFINITIVE AGREEMENT TO EXPAND CORE AREA POSITION IN THE CHARLIE LAKE THROUGH A PROPERTY ACQUISITION ADJACENT TO EXISTING OPERATIONS ADDING APPROXIMATELY 760 BOE/D OF PRODUCTION AND 21 TOP TIER DRILLING LOCATIONS\n \n\n\n\n\n\n PRELIMINARY 2026 BUDGET GUIDANCE OF 16,200 TO 16,400 BOE PER DAY SUPPORTED BY $75 TO $80 MILLION CAPITAL PROGRAM\n \n\n\n\n\n\n CHARLIE LAKE WELL RESULTS\n \n\n\n The Company has finished completion operations on its latest two gross (1.8 net) wells in the fourth quarter of 2025. These wells were executed with three-mile laterals and increased fracture stimulation intensity as compared to the Company’s previously drilled Charlie Lake wells and are showing encouraging early-stage results averaging 30-day peak rates at a combined 2,650 BOE per day, including approximately 1,100 barrels per day of light crude oil, 100 barrels per day of natural gas liquids and 8.7 mmcf per day of conventional natural gas. The Company has an additional well (0.9 net) drilled from the same surface location which is planned to be completed and brought on production in the first quarter of 2026.\n \n\n Bonterra’s execution and results to date in the Charlie Lake play have solidified its intention to continue increasing size and scale as an operator in the play moving forward.\n \n\n\n EXPANSION OF CHARLIE LAKE CORE AREA THROUGH STRATEGIC ACQUISITION\n \n\n\n The Company is pleased to announce that it has entered into a definitive agreement with a private company to acquire an asset adjacent to its existing Charlie Lake operations in the Greater Bonanza Area for total cash consideration of $15.7 million, subject to customary closing adjustments (the “Acquisition”). The Acquisition is immediately accretive to ...