About Bonterra Energy Corp.
Bonterra Energy
Bonterra Energy Corp. (TSX: BNE | OTCID: BNEFF) is a Calgary-based oil and gas producer offering investors exposure to a portfolio of high-impact assets across three of Alberta’s premier light oil plays. Bonterra leverages the stable production and free cash flow of the Pembina Cardium — one of Canada’s largest oil plays – alongside the growth potential of the Bonanza Charlie Lake and Wembley Montney. Built on disciplined growth, capital efficiency, and steady debt reduction, Bonterra is positioned to deliver long-term, sustainable value to shareholders through commodity cycles.
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.
Scott Johnston, P.Eng
Chief Financial Officer
Mr. Johnston joined Bonterra in September 2024 as Chief Financial Officer, bringing over 18 years of finance, capital markets and engineering experience. He most recently served as a partner at a highly regarded, Calgary-based independent energy focused investment bank as Principal, Corporate Finance, and prior thereto, held roles of increasing seniority in the A&D advisory arm of a bank-owned investment dealer. Before transitioning to the capital markets, Mr. Johnston started his career in the E&P industry as an engineer working on reservoir, production and completions within several leading energy companies.
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.
Dave Fleming
Vice President, Marketing
Mr. Fleming joined Bonterra in 2014 as Vice President of Marketing. He has over 25 years of energy marketing and commodity risk experience spanning natural gas, oil, NGLs, pipeline transportation and downstream market development. Prior to joining Bonterra, Mr. Fleming held the position of Director, Marketing and Business Development for EOG resources Canada.
Steve Ewens, MEng, P.Eng
Vice President, Engineering
Mr. Ewens joined Bonterra Energy in 2014. He has over 20 years of petroleum engineering experience and holds a Master of Engineering degree from the University of Calgary. Mr. Ewens is responsible for executing the company’s development plans and ensuring safe and efficient operations. He is a member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta.
Joe Swift
Vice President, Land
Mr. Swift joined Bonterra in 2012, bringing 20+ years of industry experience in Land, Business Strategy, A&D, Negotiations, Midstream & Commercial Solutions. Prior to Bonterra, he held varying positions of increasing responsibility at Petro-Canada, Devon Energy, Kereco Energy, NuVista Energy, and Pine Cliff Energy. Mr. Swift holds his Bachelor of Commerce from the Haskayne School of Business from the University of Calgary. He is an active member of the Canadian Association of Land & Energy Professionals (CALEP) and Professional Acquisition & Divestment Association (PADA).
Brad Hetlinger, CPA, CA
VP Finance and Corporate Controller
Mr. Hetlinger joined Bonterra in 2006, bringing over 18 years of experience in financial reporting, regulatory compliance, strategic planning, and a deep knowledge of Bonterra’s operations and the oil and gas industry. He holds a Bachelor of Commerce degree from the University of Alberta. Mr. Hetlinger is a member of the Chartered Professional Accountants 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
Andy J. Mah2,3
Director and Chair of the Board
Director and Chair of the Board of Bonterra since January of 2026. Mr. Mah has a B.Sc. in Chemistry and a B.Sc. in Chemical Engineering and over 40 years of experience in the oil and gas industry. He has significant executive level experience that includes all facets of the Canadian upstream oil and gas industry, including U.S. and international assignments. Mr. Mah was the Chief Executive Officer of Advantage Energy Ltd., a Canadian oil and gas exploration and production company, from January 2009 to December 31, 2021. Prior to Advantage Energy Ltd., Mr. Mah held president, c-suite and senior management positions at Ketch Resources Trust, Unocal Corporation, Northrock Resources Ltd., and BP Canada.
Mr. Mah is a member of the Institute of Corporate Directors and a life member of the Association of Professional Engineers and Geoscientists of Alberta (“APEGA”).
Patrick G. Oliver, C.A.2
President, Chief Executive Officer and Director
Chief Executive Officer and Director of the Corporation since September 2022. With a B.Com., and CPA (CA), Mr. Oliver has over 35 years of E&P experience in various executive roles in both the public and private sector. Over the past 20 years, the majority as CEO, Mr. Oliver was instrumental in the building and successful sale of four privately owned Birchill companies with operations in central Alberta. Mr Oliver is also a Director of Enercapita Energy Ltd., a private oil and gas company.
John J. (Jay) Campbell1,3,4
Independent Director
An independent director and consultant that has over 25 years of experience in private equity, energy services, banking and trust company services. Mr. Campbell also currently serves as Chair of Morcado Trust Company and Audit Committee Chair of Haw Capital 2 Corp. Mr. Campbell is also the former President and Co-Founder of Odyssey Trust Company. Holder of the Institute of Corporate Directors’ Director designation (“ICD.D”).
Jacqueline R. Ricci1,3,4
Independent Director
Ms. Ricci is Vice President and Partner at J Zechner Associates, managing discretionary funds focused on small/mid-cap equities including oil and gas. She has held senior investment analyst roles at Ontario Teachers’ Pension Plan Board and Gluskin Sheff & Associates. She serves on the boards of Wesdome Gold Mines Ltd. and Pine Cliff Energy Ltd., chairing the latter’s Governance, Nominations, and Compensation Committee. A recipient of multiple TopGun Investment Mind Awards, she holds an HBA from the University of Western Ontario and is a holder of a CFA designation.
Stacey E. McDonald1,2,4
Independent Director
An independent director with more than 15 years of experience in the energy and financial sectors. From September 2016 to July 2018, Ms. McDonald was a Managing Director – Institutional Equity Research (Energy) at GMP FirstEnergy and its predecessor, GMP Securities, independent global investment banks. Holder of the Institute of Corporate Directors’ Director designation (“ICD.D”). Ms. McDonald is also a director of Birchcliff Energy Ltd.
David M. Humphreys2,3,4
Independent Director
An independent director and retired Executive Vice President, Operations with decades of Canadian energy industry experience. Mr. Humphreys is a member of the Board of Governors of the Explorers and Producers Association of Canada (“EPAC”) and served as its Chair in 2020. Holder of the Institute of Corporate Directors’ designation (“ICD.D”) and a member of the Association of Professional Engineers and Geoscientists of Alberta (“APEGA”). Mr. Humphreys also serves as a Director of Aduro Resources Ltd., a private oil and gas company.
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.
Key Service Providers
Transfer Agent
Odyssey Trust
Stock Exchange Tower
1230-300 5th Avenue SW
Calgary, AB T2P 3C4
Auditors
Deloitte LLP
850-2nd Street SW, Suite 700
Calgary, AB T2P 0R8
Independent Reserve Evaluators
Sproule ERCE
140 – 4th Avenue SW, Suite 900
Calgary, AB T2P 3N3
