Bonterra Energy Corp.

Bonterra Energy Corp.

July 02, 2013 07:30 ET

Bonterra Energy Corp. Announces Cash Dividend for June 2013 Payable July 31, 2013, Executive Appointment and Alberta Flood Update

CALGARY, ALBERTA--(Marketwired - July 2, 2013) - Bonterra Energy Corp. ( (TSX:BNE) announces that the June 2013 monthly cash dividend will be $0.28 per share and will be paid on July 31, 2013. The record date for the dividend is July 15, 2013 and the ex-dividend date is July 11, 2013. The dividend is paid monthly and is subject to commodity prices and production levels.

Bonterra is also pleased to announce that Mr. Adrian Neumann has been promoted to Chief Operating Officer. Mr. Neumann joined Bonterra Energy in June 2012 as Vice President, Engineering and Operations and oversees all aspects of Bonterra's drilling, completions and operating activities.

Mr. Neumann is a professional engineer with over 15 years of oil and gas experience in the Western Canadian Sedimentary Basin with a broad operational background including drilling, completions, production, facility and development engineering. Mr. Neumann holds a Bachelor of Engineering and is a member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta.

Bonterra's thoughts continue to be with all Albertans affected by the severe flooding throughout southern Alberta. As of Thursday, June 27, Bonterra's corporate offices had electricity and computer operations reinstalled. Field operations were not materially impacted by the flooding. The Company does not expect any material impact on its second quarter results due to the flooding.

Bonterra Energy Corp. is a conventional oil and gas corporation with operations in Alberta, Saskatchewan and British Columbia. The shares are listed on The Toronto Stock Exchange under the symbol "BNE".

The dividend is considered an "eligible dividend" for tax purposes.

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