CALGARY, AB, Aug. 13, 2024 /CNW/ - Bonterra Energy Corp. (TSX:BNE) ("Bonterra" or the "Company") is pleased to announce its financial and operating results for the three and six month periods ended June 30, 2024. The related unaudited condensed financial statements and notes for the second quarter, as well as management's discussion and analysis ("MD&A"), are available on SEDAR+ at www.sedarplus.ca and on Bonterra's website at www.bonterraenergy.com. FINANCIAL AND OPERATIONAL HIGHLIGHTS Three months ended Six months ended As at and for the three months ended($000s except $ per share and $ per BOE) June 30, 2024 June 30,2023 June 30, 2024 June 30,2023 FINANCIAL Revenue - realized oil and gas sales 72,465 75,606 141,054 152,869 Funds flow(1) 31,484 34,799 58,502 64,141 Per share - basic 0.84 0.94 1.57 1.73 Per share - diluted 0.84 0.93 1.57 1.72 Cash flow from operations 33,180 33,854 54,834 57,872 Per share - basic 0.89 0.91 1.47 1.56 Per share - diluted 0.89 0.91 1.47 1.55 Net earnings(2) 7,310 8,844 8,158 16,484 Per share - basic 0.20 0.24 0.22 0.44 Per share - diluted 0.20 0.24 0.22 0.44 Capital expenditures 21,619 16,116 54,543 76,339 Oil and gas property acquisition(2) - - 24,234 - Total assets 984,065 962,021 Net debt(3) 172,622 173,299 Bank debt 41,889 35,506 Shareholders' equity 537,498 498,449 OPERATIONS Light oil -bbl per day 6,571 7,282 6,596 7,175 -average price ($ per bbl) 102.09 93.21 95.50 94.44 NGLs -bbl per day 1,418 1,248 1,443 1,202 -average price ($ per bbl) 45.08 43.97 45.58 49.02 Conventional natural gas -MCF per day 37,519 32,286 37,057 31,869 -average price ($ per MCF) 1.64 3.01 2.14 3.39 Total barrels of oil equivalent per day (BOE)(4)