Frontera Energy Corp. today held its annual general and special meeting of shareholders , where each of the eight nominees proposed as directors and listed in the Company's management proxy circular dated April 7, 2020 were elected as directors. A total of 71,009,508 common shares were voted in respect of the election of directors at the Meeting, representing 74.34% of the votes attaching to all outstanding common shares [...]
Frontera Energy Corp. today reported financial and operational results for the first quarter ended March 31, 2020. All financial amounts in this news release are in United States dollars, unless otherwise stated. First Quarter Operational and Financial Results: Production averaged 63,572 boe/d, which was 10% lower compared to the fourth quarter of 2019, and 6% lower than the first quarter of 2019. Production in Colombia [...]
Shareholders are Encouraged to Listen to Live Audio Webcast or Teleconference of Meeting and Vote in Advance of the Proxy Cut-off Voting Will Not be Available Via Audio Webcast or Teleconference First Quarter 2020 Results to be Released After Market on Wednesday, May 6, 2020 Frontera Energy Corp. announces that its annual general and special meeting of shareholders will be held on Wednesday, May 20, 2020 at 10:00 a.m. EDT [...]
Focus on Maintaining a Strong Cash Position with Reduced 2020 Capital Plan and Acceleration of Cost Savings Initiatives Announces Streamlining of Senior Management Team Hedged Over 45% of 2020 Production at Prices Significantly Above the Current Market Frontera Energy Corp. today announced responses to the lower oil price environment caused by excess global supply and the COVID-19 pandemic, which includes a reduction in [...]
Frontera Energy Corp. announces an update on Block 192 in Peru . Following the grant of a six-month contract extension on the Block, force majeure has been declared and accepted by Perupetro S.A. as a result of a community blockade which has impacted the power supply to the operations within the Block. It is the Company's understanding that the blockade is related to the short-term contract extension and the prior [...]
Meets or Exceeds all 2019 Guidance Metrics and Delivers Cash Provided by Operating Activities in Excess of Cash Used in Investing Activities $123 million of Cash Returned to Shareholders Via Share Buybacks and Dividends in 2019 Frontera Energy Corp. announced today the release of its Consolidated Financial Statements, Management Discussion and Analysis , Annual Information Form and Form 51-101 F1 - Statement of Reserves [...]
Frontera Energy Corp. announces that its Board of Directors has declared a dividend of C$0.205 per common share, which will be paid on or about April 16, 2020 to shareholders of record at the close of business on April 2, 2020. This dividend represents a 2.7% yield based on the closing share price of the Company on March 4, 2020. For 2020, the Company has paid or declared dividends of $30 million . The dividend is [...]
Frontera Energy Corp. announces that it has executed a six-month extension agreement with Perupetro S.A. with respect to the temporary service contract on Block 192 in Peru . The contract, which was due to expire on March 2, 2020, has been extended to September 2, 2020. The extension will help sustain production from the Block while the process relating to the award of a new long-term contract for the Block is completed [...]
Added 26.2 MMBOE of Net 2P Reserves Achieving 112% Reserve Replacement Ratio Fourth Quarter and Full Year 2019 Results Will Be Released After Market on Thursday, March 5, 2020, Followed by a Conference Call on Friday, March 6, 2020 at 10:00 A.M. EST Frontera Energy Corp. today announced the results of its annual independent reserves assessment and provided notice of fourth quarter and full year 2019 financial results and [...]
Frontera Energy Corp. today provided an exploration update in relation to prospects in Colombia in the Lower Magdalena Valley, including its exploration joint venture with Parex Resources Inc. involving the VIM-1 block. Richard Herbert, Chief Executive Officer of Frontera, commented: "We are excited that the first well with our partner Parex in the Lower Magdalena Valley has been a success. Testing results from the La [...]
2019 Production Exceeds Guidance as Core Asset Base Continues to Deliver Stable Production Promising Llanos-119 Block Awarded as Part of ANH Bid Round in Colombia Frontera Energy Corp. announces an operational update. All values in this news release and the Company's financial disclosures are in United States dollars, unless otherwise noted. Production and Pricing Update Frontera delivered strong, stable estimated full [...]
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