The latest extension of Obsidian's offer to swap two of its shares for each Bonterra share closed on Monday with interim CEO Stephen Loukas explaining it would not renew its bid because the economic environment had changed. In an interview on Wednesday, Fink said his company is returning to its traditional role as a producer of just over 10,000 barrels of oil equivalent per day that spends to maintain production and pay down debt while providing a steady flow of dividends to shareholders. The 81-year-old, who with his wife holds about 15 per cent of the shares of the company he founded in 1998, says he's optimistic given recent oil price strengthening and a drilling program that has allowed Bonterra to increase output to about 13,000 boe/d from 10,500 boe/d at year-end. He says Bonterra's short-term goal is to pay down debt and then reinstate the dividend it suspended last year as oil prices plummeted amid a demand drop blamed on the affects of pandemic lockdowns.