Bonterra Energy Corp. (TSX: BNE) has reported that its Canadian tight gas activity increased during Q4 2010.
Bonterra drilled 22 gross operated Cardium horizontal, multi-stage fractured wells with a 100% success rate in the Halo area. Additionally, the company participated in five gross (0.75 net) successful non-operated Cardium horizontal, multi-stage fractured wells in the main Pembina Cardium pool.
Bonterra’s average daily production increased by 13% to 5,628 BOE/d. Also, production per share increased by 8% to 0.109 BOE per share and the company’s total proved plus probable reserves increased by 10% to 39.4 million BOE.
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