CALGARY , Aug. 22, 2019 /CNW/ - Bonterra Energy Corp. (www.bonterraenergy.com) (BNE.TO) ("Bonterra" or the "Company") today provides an update on the previously reported release of emulsion related to a pipeline that severed on August 15, 2019 after a creek bank collapsed as a result of area flooding approximately 25 km southwest of Drayton Valley, AB .
The Company confirms that the emergency phase, which had been initiated immediately upon identification of the incident, has now been de-escalated by both the Alberta Energy Regulator ("AER") and Bonterra. The Company had deployed all possible resources with 24-hour clean-up and remediation operations, and as a result, has successfully recovered all of the bulk oil released. Over the next two to three weeks, Bonterra will continue to perform shoreline remediation and clean-up to remove any residual trace amounts, along with further monitoring and testing of the immediately impacted area.
Bonterra Energy Corp. is a conventional oil and gas corporation which carries industry-standard insurance, and has operations in Alberta , Saskatchewan and British Columbia . The Company's shares are listed on The Toronto Stock Exchange under the symbol "BNE".
SOURCE Bonterra Energy Corp.
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