Bonterra Energy Corp. announces its 2016 capital budget, an operations update, and an adjustment to its dividend level to $0.10 per share commencing with the December 2015 dividend payable January 29, 2016.

With the recent further deterioration in commodity prices, Bonterra is proactively making capital allocation decisions to ensure the Company is able to maintain its financial strength and long-term strategic objectives.

Based on current commodity prices, Bonterra will take the following steps to position the Company to withstand lower prices for a longer period:

Tags: Bonterra Energy Corp.