The company says its focus remains on protecting the balance sheet, preserving the inherent value of its assets and retaining financial flexibility.
Bonterra has been paying a monthly dividend of a penny per share.
The decision came as Bonterra reported a profit of
Revenue totalled
Production amounted to 12,305 barrels of oil equivalent per day for the year, down from 13,206 in the same period a year earlier.
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