CALGARY,
AB, Aug. 21, 2023 /CNW/ - Bonterra Energy
Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the
"Company") is pleased to announce the appointment of Mr.
Dave Humphreys to the Company's
Board of Directors (the "Board") effective August 21, 2023.
Mr. Humphreys' executive leadership and advisory experience in
the oil and natural gas industry spans more than 38 years and
includes several successful, growth-oriented E&P companies,
including his current role as Executive Vice President, Operations
at Birchcliff Energy Ltd. His comprehensive management experience
underpins a proven track record of building and guiding strong
technical teams in the areas of executive leadership; operations;
drilling and completions; health and safety; corporate governance;
and sustainability.
As an active and engaged member of the energy industry, Dave
currently serves on the Board of Governors of the Explorers and
Producers Association of Canada
("EPAC") and was its Chair in 2020. He is a member of both the
Institute of Corporate Directors ("ICD") and the Association of
Professional Engineers and Geoscientists of Alberta ("APEGA"), is a director of Energy
Safety Canada ("ESC") and sits on the Safety Standards Council
("SSC"), and holds a Hydrocarbon Engineering Technology diploma
from NAIT.
"We are very pleased to welcome Dave to Bonterra's Board, an
addition that supports the Company's ongoing evolution and our
revitalized value creation strategy," said Patrick Oliver, President, Chief Executive
Officer and Director of Bonterra. "We look forward to leveraging
his experience and insights to further enhance our continued strong
governance practices and underpin Bonterra's long-term
sustainability."
About Bonterra
Bonterra Energy Corp. is a conventional oil and gas corporation
with operations in Alberta,
Saskatchewan and British Columbia, focused on its strategy of
long-term, sustainable growth and value creation for shareholders.
The Company's shares are listed on The Toronto Stock Exchange under
the symbol "BNE".
Forward Looking
Information
Certain statements contained in this release include statements
which contain words such as "anticipate", "could", "should",
"expect", "seek", "may", "intend", "likely", "will", "believe" and
similar expressions, relating to matters that are not historical
facts, and such statements of our beliefs, intentions and
expectations about development, results and events which will or
may occur in the future, constitute "forward-looking information"
within the meaning of applicable Canadian securities legislation
and are based on certain assumptions and analysis made by us
derived from our experience and perceptions. Forward-looking
information in this release includes, but is not limited to:
expansion and other development trends of the oil and gas industry;
business strategy and outlook; and expansion and growth of our
business and operations.
All such forward-looking information is based on certain
assumptions and analyses made by us in light of our experience and
perception of historical trends, current conditions and expected
future developments, as well as other factors we believe are
appropriate in the circumstances. The risks, uncertainties, and
assumptions are difficult to predict and may affect operations, and
may include, without limitation: foreign exchange fluctuations;
equipment and labour shortages and inflationary costs; general
economic conditions; industry conditions; changes in applicable
environmental, taxation and other laws and regulations as well as
how such laws and regulations are interpreted and enforced; the
ability of oil and natural gas companies to raise capital or
maintain its syndicated bank facility; the effect of weather
conditions on operations and facilities; the existence of operating
risks; volatility of oil and natural gas prices; oil and gas
product supply and demand; risks inherent in the ability to
generate sufficient cash flow from operations to meet current and
future obligations; increased competition; stock market volatility;
opportunities available to or pursued by us; and other factors,
many of which are beyond our control.
The forward-looking information contained herein is expressly
qualified by this cautionary statement.
The TSX does not accept responsibility for the
accuracy of this release.
SOURCE Bonterra Energy Corp.