CALGARY, Nov. 3 /CNW/ -- Bonterra Oil & Gas Ltd. (www.bonterraenergy.com) (TSX: BNE) announces that the October monthly cash dividend will be $0.16 per share and will be paid on November 30, 2009. The record date for the dividend is November 16, 2009, and the ex-dividend date is November 12, 2009. The dividend is paid monthly and is subject to commodity prices and production levels.

Bonterra Oil & Gas Ltd. is a conventional oil and gas corporation with operations in Alberta, Saskatchewan and British Columbia. The shares are listed on The Toronto Stock Exchange under the symbol "BNE".

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