standards in our operations. Announces Extension of Revolving Credit Facility PR Newswire 08/31 21:47 ET - Obsidian Brief: Up 13% As Proposes Combination Deal To Bonterra, Up 4.7% We appreciate the interest of all applicants, however, only those candidates to be interviewed will be contacted. that promotes the dignity and self-respect of each employee while Welcome to Bonterra Resources Inc. Bonterra is a Canadian gold exploration company with a large balanced portfolio of exploration and mining assets including the Gladiator, Barry and Moroy deposits, Urban-Barry Mill and multiple highly prospective exploration prospects. About Bonterra. CALGARY, AB – Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) today confirms that the Company has carefully reviewed the Notice of Extension, Variation and Change filed by Obsidian Energy Ltd. (“Obsidian”) for the unsolicited bid  to acquire all of the issued and outstanding common shares of Bonterra in exchange for shares of Obsidian (the “Hostile Bid”) and continues to strongly recommend that Bonterra shareholders take no action and REJECT the Hostile Bid by NOT TENDERING their shares. shareholders. August 31, 2020. Bonterra Energy Corp. Its operations focus on the Pembina Cardium, Shaunavon, and Prespatou properties. The successful execution of Bonterra’s long-term strategy has been dependent on the strength of its people. The Company is engaged in the development and production of oil and natural gas in the Western Canadian Sedimentary Basin. View Sample pitch presentation 1.pdf from COMM 471 at University of British Columbia. Bonterra Energy Corp. (Bonterra) is an oil and gas company. Calgary, Alberta A Renewable Energy & Solar Power Company that offers turnkey solutions for commercial and residential real estate owners. CALGARY — Bonterra Energy Corp. says it remains steadfastly opposed to a hostile takeover bid by Calgary oil and gas rival Obsidian Energy Ltd. after the latter extended its share tender deadline on Monday. The target company says in a news release the extension to … Offer to purchase Bonterra extended to January 25, 2021 Minimum tender condition lowered to 50% of Bonterra Energy Corp.’s outstanding shares Improved valuation following Obsidian Energy Ltd. share price up 110% in the last month, compared to 4% for Bonterra Energy Corp. *This news release contains multimedia – to view the full PDF version as it is intended, please click here. Offer to purchase Bonterra extended to January 25, 2021 ; Minimum tender condition lowered to 50% of Bonterra Energy Corp.'s outstanding shares ; Improved valuation following Obsidian Energy Ltd. share price up 110% in the last month, compared to 4% for Bonterra Energy Corp. Bonterra Energy Corp. is a conventional oil and gas corporation with operations in Alberta, Saskatchewan and British Columbia, focused on its strategy of long-term, sustainable growth and value creation for shareholders. Bonterra is committed to maintaining the highest level of business Bonterra | 969 followers on LinkedIn. continued growth and above-average results and returns for Obsidian said Monday recent consolidation by other players in the energy sector is a trend that should be followed, noting a combined Obsidian-Bonterra entity could save $50 million in the first year and a total of $100 million in the first three years. Bonterra Energy Corp., an upstream oil and gas company, engages in the production and sale of crude oil, natural gas, and natural gas liquids. Bonterra Energy Corp.'s shares are listed on the Toronto Stock Exchange under the ticker symbol BNE. Information Request Bonterra Energy Corp. is a conventional oil and gas corporation with operations in Alberta, Saskatchewan and British Columbia, focused on its strategy of long-term, sustainable growth and value creation for shareholders. The TSX does not accept responsibility for the accuracy of this release.29dk2902l, Cardinal announces its 2021 operating and capital budget focused on continued debt reduction and asset optimization, Newfoundland government to fund refinery as search for buyer continues, U.S. drillers add oil and gas rigs for 8th week in a row, Oil falls as China lockdown, U.S. unemployment temper gains, Obsidian has not addressed its ability to obtain the third-party consents and approvals required to complete the Hostile Bid, including the consent of each of Obsidian’s and Bonterra’s lenders, exposing Bonterra shareholders to an uncertain financing plan, Obsidian’s lending syndicate only granted an extension of its credit facility to, Obsidian’s significantly higher asset retirement obligations will leave Bonterra shareholders a disproportionately higher allocation of future abandonment liabilities, Obsidian has limited liquidity to grow operations, and has been posting negative free cash flow for every quarter since, The rationale of the Hostile Bid is highly dependent on the achievement of significant synergies and cost savings which remain uncertain. The reporting and the functional currency of the Company is the Canadian dollar. long-term strategy has been dependent on the strength of its people. Forward-looking information in this release includes, but is not limited to: expectations regarding the effect of the Hostile Bid, the lack of Bonterra shareholder support for the Hostile Bid and the Hostile Bid being unlikely to proceed; business strategy and outlook; expansion and growth of our business and operations; and other such matters. Bonterra Energy Corp. 901, 1015 – 4 th Street SW Calgary, Alberta T2R IJ4. providing challenging and rewarding opportunities. Certain statements contained in this release include statements which contain words such as “anticipate”, “could”, “should”, “expect”, “seek”, “may”, “intend”, “likely”, “will”, “believe” and similar expressions, relating to matters that are not historical facts, and such statements of our beliefs, intentions and expectations about development, results and events which will or may occur in the future, constitute “forward-looking information” within the meaning of applicable Canadian securities legislation and are based on certain assumptions and analysis made by us derived from our experience and perceptions.