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CALGARY (WO) — Bonterra Power Corp. reported robust early outcomes from its newest Charlie Lake wells, introduced a strategic acreage acquisition to broaden its core place, and outlined preliminary 2026 capital and manufacturing steerage because it continues to scale operations in northwest Alberta.
Picture: Bonterra Power
The corporate introduced two gross (1.8 web) Charlie Lake wells onstream through the fourth quarter of 2025, delivering common 30-day single-well peak manufacturing charges of roughly 1,325 boed. The wells have been drilled with three-mile laterals and accomplished with larger fracture stimulation depth than prior Charlie Lake wells.
Mixed 30-day peak charges averaged about 2,650 boed, together with roughly 1,100 bpd of sunshine oil, 100 bpd of pure gasoline liquids, and eight.7 MMcf/d of pure gasoline. Bonterra plans to finish an extra properly from the identical pad within the first quarter of 2026.
Bonterra mentioned the outcomes reinforce its technique to develop scale within the Charlie Lake play, the place the corporate has been rising lateral lengths and completion depth to boost properly productiveness.
In parallel, Bonterra entered right into a definitive settlement to amass adjoining Charlie Lake belongings within the Larger Bonanza space for $15.7 million in money, topic to customary closing changes. The acquisition is predicted to shut earlier than year-end 2025 and shall be funded by the corporate’s revolving credit score facility.
The acquired belongings add roughly 760 boed of low-decline manufacturing, largely supported by present waterflood operations, together with 41 web sections of land and 21 recognized top-tier Charlie Lake drilling places. The package deal additionally contains underutilized compression, batteries and gathering infrastructure, which Bonterra mentioned creates alternatives for capital-efficient drilling and future gasoline processing flexibility.
The transaction expands Bonterra’s Charlie Lake land place within the Larger Bonanza space by roughly 36% and is predicted to be instantly accretive to manufacturing, money circulation and free money circulation per share.
Trying forward, Bonterra offered preliminary 2026 steerage calling for common manufacturing of 16,200 to 16,400 boed, supported by a capital program of $75 million to $80 million. The corporate plans to drill at the very least two Charlie Lake wells in 2026 utilizing a mix of acquired infrastructure and present lands.
Following closing, Bonterra expects its banking syndicate to extend the borrowing base on its revolving credit score facility from $125 million to $150 million, enhancing liquidity because it advances improvement throughout its core Charlie Lake asset.
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