Bonterra Energy (TSE:BNE) has released an update.
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Bonterra Energy Corp. reported a decrease in realized oil and gas sales to $68.589 million in the first quarter of 2024 from previous periods, while capital expenditures rose to $32.924 million, with a significant acquisition of the Charlie Lake Assets. The company saw a dip in funds flow and cash flow from operations compared to the end of 2023, but maintains a solid position with total assets of $984.464 million and a strengthened shareholders’ equity.
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