About Bonterra
Bonterra Energy
Bonterra’s operations are focused primarily in the Pembina Cardium field in Alberta, Canada. Our high-quality asset base is comprised of concentrated, stable and predictable Cardium production, with large amounts of remaining oil in place, a long reserve life and low-risk drilling locations. Future development opportunities located in the volatile oil window are also being explored on Bonterra’s Montney land base.
We are focused on propelling the organization to the next level and aim to position the Company as a top quartile performer in the junior oil and gas sector. Our strategy of long-term, sustainable growth prioritizes efficient operations, free funds flow generation and responsible debt management designed to support a return of capital framework for shareholders.
Offering a grounded path forward for Canadian energy
01
Sustainability
Bonterra’s operations are characterized by a long reserve life index (“RLI”) and low-risk, predictable returns.
We focus on sustainable and responsible development with disciplined capital investment and efficient operating practices.
02
Growth
Our track record of production and reserves growth demonstrates our commitment to shareholder value creation.
Free funds flow can be used to pursue further development opportunities, reduce debt, or return capital to shareholders.
03
Resilience
With a low production decline rate, Bonterra’s modest sustaining capital requirements contribute to financial flexibility.
Our disciplined risk management program affords stability amid commodity price volatility and supports balance sheet strength.
Balance Sheet Strength
Our disciplined approach to capital allocation has resulted in significant debt repayment and an improved balance sheet.
Free Funds Flow Focus
Bonterra’s free funds flow generation supports organic growth, debt repayment, shareholder returns and strategic M&A.
Management
Bonterra’s leadership team brings a longstanding and proven history of creating shareholder value, consistently delivering a disciplined and sustainable growth plan.
Patrick Oliver, C.A.
President, Chief Executive Officer and Director
President, Chief Executive Officer and Director of Bonterra since September of 2022. Mr. Oliver has over 35 years of E&P experience in various executive roles in both the public and private sector, the majority of his roles over the past 20 years having been as CEO. He has a proven track record in the leadership of several companies from start-up to sale and was instrumental in the building and successful sale of four privately owned Birchill companies with operations in central Alberta. Currently, he is a Director of Enercapita Energy Ltd., a private oil and gas company.
Robb Thompson, C.A.
Chief Financial Officer and Corporate Secretary
Mr. Thompson joined Bonterra in February of 2011 as Vice President, Finance and now holds the position of Chief Financial Officer and Corporate Secretary. Prior to joining Bonterra, Mr. Thompson held the role of Chief Financial Officer for two other publicly traded oil and gas companies, and from September 2000 to December 2006, he was the Chief Executive Officer of a public alternative energy company.
Adrian Neumann, B.Sc., P.Eng.
Chief Operating Officer
Mr. Neuman joined Bonterra Energy in 2012 as Vice President, Engineering and Operations and oversees all aspects of Bonterra’s operating activities including capital execution and field operations. Mr. Neumann is a professional engineer with over 22 years of oil and gas experience in the Western Canadian Sedimentary Basin with a broad operational background including completion, production, facility and development engineering. Prior to joining Bonterra, he was Lead Project Manager at Nexen and has previously held positions of increased responsibility for major oil and gas companies. Mr. Neumann holds a Bachelor of Engineering from the University of Calgary and is a member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta.
Brad Curtis, B. Comm., B.Sc., P.Geo.
Senior Vice President, Business Development
Mr. Curtis joined Bonterra Energy in 2005 and is currently Senior Vice President, Business Development. Mr. Curtis is responsible for strategic planning, identification and execution of acquisitions, as well as corporate geophysical and geological activities. He holds a Bachelor of Commerce degree from the University of Alberta and a Bachelor of Science in Geology from the University of Calgary. Mr. Curtis is a member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta.
Board of Directors
All directors of Bonterra Energy Corp. are nominated by the shareholders at each annual meeting. All directors serve until the next annual meeting or until a successor is elected or appointed.
1 Audit Committee Member
2 Reserves Committee Member
3 Human Resources and Compensation Committee Member
4 Governance and Nominating Committee Member
D. Michael Stewart1,2,3,4
Director and Chair of the Board
Director and Chair of the Board of Bonterra since March of 2021. Director, TC Energy Corporation (oil and gas pipelines) from 2006 to 2022. Director, Pengrowth Energy Corporation (oil and gas exploration and production) from 2010 to 2020. Director, CES Energy Solutions Corp. (oilfield services) from 2010 to 2019.
Patrick Oliver, C.A.
President, Chief Executive Officer and Director
President, Chief Executive Officer and Director of Bonterra since September of 2022. Mr. Oliver has over 35 years of E&P experience in various executive roles in both the public and private sector, the majority of his roles over the past 20 years having been as CEO. He has a proven track record in the leadership of several companies from start-up to sale and was instrumental in the building and successful sale of four privately owned Birchill companies with operations in central Alberta. Currently, he is a Director of Enercapita Energy Ltd., a private oil and gas company.
Rodger Tourigny1,2,4
Independent Director
President and founder of Tourigny Management Ltd., a private consulting company, since 1979. Mr. Tourigny holds a Bachelor of Commerce degree from the University of Saskatchewan.
John J. (Jay) Campbell2,3,4
Independent Director
An independent director and consultant with over 25 years of experience in private equity, energy services, banking and trust company services. Mr. Campbell also serves as an Independent Director for Mynd Life Sciences Inc, and two capital pool companies, Haw Capital 2 Corp and Golo Mobile Inc. He is also the former President and Co-Founder of Odyssey Trust Company, a leading Calgary-based transfer agent, corporate trustee and equity plan administration services firm.
Jacqueline Ricci1,3,4
Independent Director
Vice President and Director at J. Zechner Associates since 1997. Ms. Ricci is also a Director of Pine Cliff Energy Ltd.
Stacey McDonald1,3,4
Independent Director
An independent consultant that has over 15 years of experience in the energy and financial sectors ins strategic and financial advisory roles. Ms. McDonald is also a Director of Birchcliff Energy Ltd. and holds a Bachelor of Commerce Degree with an Institute of Corporate Directors designation (“ICD.D”).
Dave Humphreys
Independent Director
Executive Vice President, Operations at Birchcliff Energy Ltd. with more than 38 years of experience in the Canadian energy industry. A member of the Board of Governors of the Explorers and Producers Association of Canada (“EPAC”) and was its Chair in 2020. Mr. Humphreys holds a designation with the Institute of Corporate Directors (“ICD.D”) and the Association of Professional Engineers and Geoscientists of Alberta (“APEGA”), is a director of Energy Safety Canada (“ESC”), sits on the Safety Standards Council (“SSC”), and holds a Hydrocarbon Engineering Technology diploma from NAIT.
George Fink
Director Emeritus
Mr. Fink is the Company’s founder, former CEO, and current Director Emeritus. He holds a Bachelor of Commerce degree and a Chartered Accountant designation.
Advisors & Partners
Legal Counsel
Borden Ladner Gervais LLP
Centennial Place, East Tower
520 3rd Avenue SW, Suite 1900
Calgary, AB T2P 0R3
Transfer Agent
Odyssey Trust
Stock Exchange Tower
1230-300 5th Avenue SW
Calgary, AB T2P 3C4
Auditors
Deloitte LLP
850-2nd Street SW, Suite 859
Calgary, AB T2P 0R8
Independent Reserve Evaluators
Sproule
140 – 4th Avenue SW, Suite 900
Calgary, AB T2P 3N3
