Business
Bonterra Energy Corp. Announces Fourth Quarter and Annual 2009 Results
Bonterra Energy Corp. Announces Fourth Quarter and Annual 2009 Results
About this update from Bonterra Energy Corp.
[{"type":"text","content":"\n\n\n\nCALGARY, Mar. 11, 2010 (Canada NewsWire Group) -- /CNW/ -- Bonterra Energy Corp. (\"Bonterra\" or the \"Company\") (www.bonterraenergy.com) (TSX: BNE) is pleased to announce its financial and operational results for the three months and fiscal year ended December 31, 2009.Annual Highlights2009 2008 2007-------------------------------------------------------------------------Financial ($000, except $ per share/unit)-------------------------------------------------------------------------Revenue - realized oil and gas 85,712 121,730 96,431Cash flow from operations 38,893 69,570 51,433Per Share/Unit Basic 2.16 4.07 3.04Per Share/Unit Diluted 2.15 4.06 3.04Payout Ratio(1) 79% 77% 87%Funds Flow(2) 66,504 70,448 53,815Per Share/Unit Basic 3.69 4.13 3.18Per Share/Unit Diluted 3.67 4.12 3.18Payout Ratio(1) 46% 76% 83%Cash payments per share/unit(1) 1.70 3.12 2.64Net Earnings 68,563 55,426 30,350Per Share/Unit Basic 3.81 3.25 1.79Per Share/Unit Diluted 3.78 3.23 1.79Capital Expenditures and Acquisitions(net of disposals) 5,640 45,407 19,300Total assets 293,987 265,301 142,326Working Capital Deficiency 10,162 23,878 58,766Long-term Debt 59,823 79,910 -Shareholders'/Unitholders' Equity 118,874 56,777 44,376Shares/Units Outstanding 18,620 17,258 16,928-------------------------------------------------------------------------Operations-------------------------------------------------------------------------Oil and Liquids (barrels per day) 3,141 3,073 3,113Average Price ($ per barrel) 59.82 87.54 70.31Natural Gas (MCF per day) 11,120 7,637 6,627Average Price ($ per MCF) 4.15 8.21 6.75Total BOE per day(3) 4,994 4,346 4,218-------------------------------------------------------------------------Reserves-------------------------------------------------------------------------Oil and Liquids (barrels in 000s)Proved Developed Prducing (Gross)(4) 15,519 15,534 14,468Proved (Gross) 19,220 17,991 17,472Proved plus Probable (Gross) 27,568 22,867 21,910Natural Gas (MCF in 000s)Proved Developed Prducing (Gross) 32,103 32,108 19,863Proved (Gross) 36,642 36,571 24,125Proved plus Probable (Gross) 49,539 50,245 32,465Reserve Life Index(5) (oil, liquidsand natural gas at 6:1) (years)Proved Developed Prducing (Gross) 11.7 12.5 11.3Proved (Gross) 14.2 14.4 13.7Proved plus Probable (Gross) 20.1 18.7 17.4Reserves per Weighted Average OutstandingShare/Uni...