News Releases

Bonterra Energy Corp. Files Revised Unaudited Interim Financial Statements for Second Quarter and Six Months Ended June 30, 2015

Aug 13, 2015 - 09:59 ET

CALGARY, ALBERTA--(Marketwired - Aug. 13, 2015) - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) ("Bonterra" or "the Company") today announce that it has filed Revised Unaudited Condensed Financial Statements for the three and six month periods ended June 30, 2015 to replace an erroneously filed draft of the Unaudited Condensed Statement of Comprehensive Income (Loss) contained in the copy of the Unaudited Condensed Financial Statements that were filed with the applicable securities regulatory authorities in Canada on August 12, 2015. The Revised Unaudited Condensed Financial Statements are available at www.sedar.com, and the revised full Q2 2015 report is available on Bonterra's website at www.bonterraenergy.com.

For ease of reference, following is a table outlining a brief description of each correction:

Reference Original Original Revised with
Correction
Revised with
Correction
Condensed Statement of
Comprehensive Income (loss)
000s, except $ per share
For the three
months ended
June 30, 2015
For the six
months ended
June 30, 2015
Revised
For the three
months ended
June 30, 2015
Revised
For the six
months ended
June 30, 2015
Net Earnings before taxes $10,204 $7,987 $8,676 $6,459
Net earnings (loss) for the period $(1,156 ) $(3,091 ) $(2,711 ) $(4,646 )
Other Comprehensive income (loss) for the period $(487 ) $(3,262 ) $(705 ) $(3,480 )
Net earnings (loss) per share - basic (0.04 ) (0.10 ) (0.08 ) (0.14 )
Net Earnings (loss) per share - diluted (0.04 ) (0.10 ) (0.08 ) (0.14 )
Comprehensive income (loss) per share - basic (0.02 ) (0.10 ) (0.02 ) (0.11 )
Comprehensive income (loss) per share - diluted (0.02 ) (0.10 ) (0.02 ) (0.11 )

Bonterra Energy Corp. is a conventional oil and gas corporation with operations in Alberta, Saskatchewan and British Columbia. The shares are listed on The Toronto Stock Exchange under the symbol "BNE".



FOR FURTHER INFORMATION PLEASE CONTACT:

Bonterra Energy Corp.
George F. Fink
Chairman and CEO
(403) 262-5307

Bonterra Energy Corp.
Robb D. Thompson
CFO and Secretary
(403) 262-5307
(403) 265-7488 (FAX)
info@bonterraenergy.com