Kawa-1 is Expected to Reach Total Depth in the First Half of December 2021 Option Exercised With Maersk to Drill a Second Well Frontera Energy Corp. today announced the spudding of the Kawa-1 exploration well, offshore Guyana. CGX Energy Inc. , Frontera majority-owned subsidiary, and its joint venture partner in the Demerara and Corentyne blocks, also separately announced an update on spud of the Kawa-1 well [...]
PRODUCTION AVERAGED 35,682 BOE/D, EXPECT 2021 EXIT RATE OF OVER 40,000 $87.4 MILLION, UP 84% COMPARED TO Q1 OPERATING EBITDA WAS $84.8 MILLION, UP 23% COMPARED TO Q1 GUYANA PROSPECT KAWA-1 2021 TORONTO, Aug. 11, 2021 /CNW/ - Frontera Energy Corp. today reported financial and operational results for the second quarter ended June 30, 2021. All financial amounts in this news release are in United States dollars, unless [...]
Frontera Energy Corp. announced today that its second quarter 2021 results will be released after markets close on Wednesday, August 11, 2021. A conference call for investors and analysts will be held on Thursday, August 12, 2021 at 10:00 a.m. Eastern Time. Participants will include Gabriel de Alba, Chairman of the Board of Directors, Orlando Cabrales, Chief Executive Officer, Alejandro Piñeros, Chief Financial Officer [...]
REVISES PRODUCTION GUIDANCE TO 37,500-39,500 $325-$375 MILLION Frontera Energy Corp. today announced its expected second quarter production results and updated its production guidance for 2021. All values in this news release are in United States dollars, unless otherwise noted. Second Quarter and First Half 2021 Production Update Frontera expects its second quarter 2021 production will average approximately 35,700 boe/d [...]
Frontera Energy Corp. , the majority shareholder of CGX Energy Inc. and joint venture partner in the Petroleum Prospecting Licenses for the Corentyne and Demerara blocks offshore Guyana , announced today, an update on the activities related to the Corentyne block. Exploration: The Kawa-1 well, the Joint Venture's commitment well on the Corentyne block, is expected to be spud between August 1-15 and reach total depth in [...]
Frontera Energy Corp. , announced today that it completed its offering of U.S.$400 million in senior unsecured notes due 2028 at a coupon rate of 7.875% pursuant to Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended . Certain proceeds from the offering were used to repurchase, at a premium, the Company's U.S.$350 million 9.7% senior secured notes due 2023 pursuant to a tender offer. The remaining [...]
Frontera Energy Corp. today announced that it had received, as of 5:00 p.m. Eastern time, on June 18, 2021, tenders and consents from holders of U.S.$286,599,000 of the aggregate principal amount) of its outstanding 9.700% Senior Notes due 2023, pursuant to its previously announced cash tender offer and consent solicitation made upon the terms and subject to the conditions set forth in the Offer to Purchase and Consent [...]
Frontera Energy Corp. announced today that it has successfully priced an oversubscribed and upsized offering of US$400 million in senior unsecured notes due 2028 at a coupon rate of 7.875% pursuant to Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended, , with closing expected to occur on or about June 21, 2021. However, there can be no assurances that the issuance and sale of the 2028 Notes will be [...]
Frontera Energy Corp. today announced that it intends to commence an offering of unsecured senior notes due 2028 pursuant to Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended. The proceeds from the offering will be used to repurchase, at a premium, the Company's U.S.$350 million 9.7% senior secured notes due 2023 pursuant to a tender offer, redemption and/or satisfaction and discharge, and for [...]
Frontera Energy Corp. today announced that it is commencing a cash tender offer and consent solicitation for any and all of its outstanding 9.700% Senior Notes due 2023, upon the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated as of June 7, 2021 and the related letter of transmittal. The Offer will expire at 11:59 p.m., Eastern time, on July 2, 2021, unless [...]
Frontera Energy Corp. today announced that the Company is beginning preparations to restart production of approximately 3,600 boe/d at its CPE-6 operations in the coming days. Regular transit in and out of the area has resumed and the Company has begun processing on-site inventory, rotating crews and delivering critical supplies to its CPE-6 location. The Company's CPE-6 facilities had previously been shut-in due to road [...]
CPE-6 Operations Temporarily Shut-In Production Guidance Maintained for the Year Frontera Energy Corp. today announced that due to road blockades in the municipality of Puerto Gaitan, Colombia, which have restricted the Company's ability to transport its production by truck and deliver other essential operational supplies and support to its facilities, the Company has reached its on-site storage capacity and has [...]
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