BRIEF-Bonterra Energy sees 2016 annual production to average about 12,500 boe per day

Thu Mar 17, 2016 6:13pm EDT
 
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March 17 (Reuters) - Bonterra Energy Corp :

* Bonterra Energy Corp. announces year end 2015 results

* Annual production volumes averaged 12,656 boe per day in 2015

* Reducing monthly dividend to $0.10 per share, and setting 2016 capital budget at a "modest" $40 million

* FY loss per share $0.28

* Estimates 2016 annual production will average approximately 12,500 boe per day

* With continued price volatility,uncertainty for oil to date in 2016, co will revisit capital spending,dividend levels on a monthly basis Source text for Eikon: Further company coverage: