Dec 22 (Reuters) - Bonterra Energy Corp BNE.TO :
* BONTERRA ENERGY CORP. CONTINUES TO RECOMMEND SHAREHOLDERS REJECT THE HOSTILE BID AND PROVIDES OPERATIONAL UPDATE
* BONTERRA ENERGY CORP - INTENDS TO RESUME ITS 2021 CAPITAL PROGRAM IN EARLY JANUARY 2021
* BONTERRA ENERGY CORP - EXPECTS TO REDUCE ITS INACTIVE WELL COUNT BY APPROXIMATELY 60 PERCENT OVER NEXT TWO YEARS UNDER CURRENT APPROVALS