08:05 AM EDT, 04/11/2025 (MT Newswires) -- Bonterra Energy ( BNEFF ) on Friday said the Toronto Stock Exchange has accepted its notice to buy back up to 3.2 million of its shares from April 15, for one year.

The stock buyback represents the first phase of Bonterra's complete return of capital plan. The final phase will be a dividend declaration once there is sufficient visibility that the dividend can be maintained over the long-term, the company said.

Bonterra has entered into an automatic share purchase plan with a broker to facilitate repurchases of its shares.