Frontera Energy Corp. today released its 2020 Sustainability Report and reaffirmed its commitment to develop new visions for environmental, social and governance approaches across its business. Orlando Cabrales, Chief Executive Officer, Frontera commented: "Frontera's 2020 Sustainability Report highlights the progress the Company made over the last year to act consistently and transparently, to offer quality employment [...]
Frontera Energy Corp. today held its annual general meeting of shareholders , where each of the seven nominees proposed as directors and listed in the Company's management proxy circular dated April 7, 2021 were elected as directors. A total of 61,558,423 common shares were voted in respect of the election of directors at the Meeting, representing approximately 63% of the votes attached to all outstanding common shares [...]
Frontera Energy Corp. today stated that it is maintaining its production outlook for the year as it has had no material impacts from recent events in Colombia. The Company will, as it always has, consult with its stakeholders, lever its strong transportation and logistics network, monitor the situation and provide the market with any updates as appropriate. The health and safety of our employees, contractors, service [...]
DELIVERED AVERAGE PRODUCTION OF 40,599 $14.1 94% TO $69.2 22% COMPARED TO Q4/2020 PROCURADURÍA GENERAL DE LA NACIÓN KAWA-1 WELL Frontera Energy Corp. today reported financial and operational results for the first quarter ended March 31, 2021. All financial amounts in this news release are in United States dollars, unless otherwise stated. First Quarter Operational and Financial Results: Production averaged 40,599 boe/d [...]
Targeting Early Third Quarter Spud Frontera Provides Notice of Q1/21 Financial Results and Conference Call Frontera Energy Corp. and CGX Energy Inc. , joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, separately announced today that CGX Resources Inc. , operator of the Corentyne Block, has entered into an agreement with Maersk Drilling Holdings Singapore Pte. Ltd. , a [...]
Completed first of two stages of the conciliation process to resolve outstanding transportation disputes in Colombia Frontera Energy Corp. , Cenit Transporte y Logística de Hidrocarburos S.A.S. and Oleoducto Bicentenario de Colombia S.A.S. separately announced today that the Office of the Attorney General of Colombia has delivered its opinion on the Conciliation Agreement between Frontera, CENIT and Bicentenario. The [...]
Frontera May Purchase up to 5,197,612 Common Shares Representing Approximately 10% of the Company's Public Float Frontera Energy Corp. announces that the Toronto Stock Exchange has accepted its notice to initiate a normal course issuer bid for its common shares . Pursuant to the NCIB, Frontera may purchase up to 5,197,612 Common Shares during the twelve-month period commencing March 17, 2021 and ending March 16, 2022 [...]
Delivered full year average production of 47,800 boe/d. Reduced capital expenditures by 69% compared to 2019. Reduced production and transportation costs by 7% and 10% respectively compared to 2019. Recorded a net loss of $497.4 million in 2020. Exited 2020 better positioned for long-term value creation. Frontera Energy Corp. announced today the release of its Consolidated Financial Statements, Management Discussion and [...]
Achieved 191% Net 2P Reserves Replacement Ratio in Colombia Extended Net 2P Reserves Life Index to 10.6 years in Colombia 2P Reserves Net Present Value of $1.888 billion Before Tax Added 18.9 MMboe Net 2P reserves from Colombia fields Frontera Energy Corp. today announced the results of its annual independent reserves assessment conducted by DeGolyer and MacNaughton . All dollar amounts in this news release and the [...]
Orlando Cabrales Segovia Appointment as CEO Brings Colombian Management Leadership and Deep Regional Relationships 2021 Strategic Plan Focused On: Value-Driven Production from Frontera's Sustainable Colombian Operations Exploration Portfolio in Guyana and Colombia Company Also Intends to Implement Normal Course Issuer Bid Frontera Energy Corp. today announced the appointment of current director Orlando Cabrales Segovia as [...]
Frontera Energy Corp. announces that its year-end 2020 results, year-end 2020 independent reserves assessment and 2021 capital plan and guidance information will be released after markets close on Wednesday, March 3, 2021. A conference call for investors and analysts will be held on Thursday, March 4, 2021 at 10:00 a.m. . Participants will include Gabriel de Alba, Chairman of the Board of Directors, Richard Herbert, Chief [...]
Recognition honors companies which understand the importance of leading and making hard but values-based decisions and their overall commitment to integrity Frontera Energy Corp. has been recognized for the first time, as one of the world's most ethical companies in 2021 by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. Frontera was one of only three honorees in the Oil [...]
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