Brief: Bonterra Energy Suspending Monthly Dividend

Bonterra Energy

12/05/2020 23:10

May 12 (Reuters) - Bonterra Energy Corp  BNE.TO :
    * BONTERRA ENERGY CORP. ANNOUNCES FIRST QUARTER 2020 RESULTS
    * BONTERRA ENERGY CORP - AVERAGED 12,034 BOE PER DAY OF
PRODUCTION
IN Q1 2020, CONSISTENT WITH SAME PERIOD OF 2019
    * BONTERRA ENERGY CORP - SUSPENDING MONTHLY DIVIDEND AND
DEFERRING
FURTHER CAPITAL EXPENDITURES UNTIL MARKET CONDITIONS IMPROVE
    * BONTERRA ENERGY CORP - EXPECTS ITS 2020 CAPITAL PROGRAM TO
REMAIN SUSPENDED
    * BONTERRA ENERGY - IN Q2 AND LATTER HALF OF 2020, WILL
ASSESS
EXISTING PRODUCTION
    * BONTERRA ENERGY CORP - QTRLY FUNDS FLOW PER SHARE $0.44
    * BONTERRA ENERGY CORP - QTRLY NON-CASH IMPAIRMENT PROVISION
OF
$331.7 MILLION TO BONTERRA'S OIL AND GAS ASSET CARRYING VALUES

Source text for Eikon:  ID:nCNW8ZNjNa 
Further company coverage:  BNE.TO 

 ((Reuters.Briefs@thomsonreuters.com;))