Bonterra Oil & Gas Limited Announces Senior Management Changes

About this update from Bonterra Energy Corp.

[{"type":"text","content":"\n\n\n\nCALGARY, Dec. 5 /CNW/ - Bonterra Oil & Gas Ltd. (Bonterra or the Company)\n(www.bonterraenergy.com) (TSX: BNE) announced today that George F. Fink,\nDirector, Chief Executive Officer and former President and the Board of\nDirectors have elected to transfer to Randy M. Jarock the role of President\nalong with his present position of Chief Operating Officer, effective\nimmediately. Mr. Fink will continue to fulfill the role and responsibilities\nof Chief Executive Officer.\n\n\nMr. Jarock has been with Bonterra since its inception in 2001 and has\nheld several positions with increased responsibility throughout the years. He\nwas promoted to Chief Operating Officer in 2007 and in his new role will also\nbe responsible for administration of day to day activities in other Company\noperations as part of the management team.\n\n\nMr. Jarock's career in the oil and gas industry spans more than 20 years.\nAfter completing his Bachelor of Science in Petroleum Engineering at the\nUniversity of Alberta, Mr. Jarock worked for major oil and gas companies\nbefore joining Comstate Resources Ltd. as Operations Manager in 1994, later\nspun-off to Bonterra Energy Corp.\n\n\nAbout Bonterra:\n\n\nBonterra Oil & Gas Ltd. is a high-yield, dividend paying oil and gas\ncompany headquartered in Calgary, Alberta. It recently converted to a\ncorporation from an income trust and intends to continue with a cash dividend\npolicy similar to the distribution policy previously followed by the trust.\nThe monthly dividend amount will continue to be determined by commodity prices\nand production volumes.\n\n\nBonterra's asset base consists of concentrated, stable and producing\nproperties located mainly in the Pembina field in central Alberta and are\ncharacterized by a long reserve life and low risk, predictable returns.\nBonterra's proven track record of success is due to its experienced management\nteam, conservative capital structure and sustainable pace of development,\nresulting in above-average results and returns for investors.\n\n\n%SEDAR: 00017467E\n\n\n","length":2123,"tagName":"div"}]

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