Frontera Energy Corp.

Recorded a Net Loss of $11.3 Million Generated Operating EBITDA of $91.9 Million Delivered 41,586 Boe/d Q1 Average Daily Production, 41,800 Boe/d YTD Average Daily Production, 42,500 Boe/d March and April 2023 Average Daily Production Generated $16.9 Million of Income and Adjusted Midstream EBITDA of $28.2 Million From Standalone and Growing Midstream Business Drilled Wei-1 Well to 19,142 Feet Measured Depth, Encountered [...]

Frontera Energy Corp. announces that its first quarter 2023 results will be released after markets close on Wednesday, May 3, 2023. A conference call for investors and analysts will be held on Thursday, May 4, 2023 at 11:00 a.m. Eastern Time. Participants will include Gabriel de Alba, Chairman of the Board of Directors, Orlando Cabrales, Chief Executive Officer, René Burgos, Chief Financial Officer and other members of [...]

Frontera Energy Corp. announces today that it has designated Frontera Energy Guyana Holding Ltd. and Frontera Energy Guyana Corp. as unrestricted subsidiaries and released Frontera Guyana as a note guarantor under the indenture governing the Company's outstanding US$400 million unsecured notes due in June 2028 . This designation is consistent with the Company's focus on maximizing value and better aligns Frontera's 3 core [...]

New Loan Provides Flexibility To Invest In Key Strategic Initiatives Frontera Energy Corp. announces that Frontera's wholly-owned subsidiary, Pipeline Investment Limited , which owns a 35% equity interest in Oleoducto de los Llanos Orientales S.A. , and Macquarie Group have entered into a credit agreement through which the Lender will provide a US$120 million loan facility to PIL, guaranteed by Sociedad Portuaria Puerto [...]

Recognition Honors Companies Demonstrating Business Integrity Through Best-In-Class Ethics, Compliance, And Governance Practices Frontera Energy Corp. has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2023 World's Most Ethical Companies . Frontera has been recognized for the third time since 2021 and is one of only two honourees in the [...]

Recorded Net Income of $197.8 Million in Q4'22 and $286.6 Million for FY'22 Delivered Full Year Operating EBITDA of $641.9 Million, Up 70% On Frontera's $98/Bbl Weighted Average Brent Price Delivered 41,382 Boe/d 2022 Average Daily Production, Up 9% Generated $54.3 Million of Midstream Segment Income, From Standalone and Growing Midstream Business Wei-1 Well Currently Ahead of Schedule and At 15,400 Feet Repurchased 9.6 [...]

2022 2P Gross Reserves Of 175 Million Boe, 2022 2P Gross RRI Of 77%, 3-Year Average RRI of 108% 2P Net Present Value Before Tax Discounted At 10% Of $3.7 Billion, Up 22% YOY Increased Gross PDP Reserves Replacement Ratio To 150% Grew CPE-6 2P Net Reserves To 41 Mmboe, Passing Quifa For Most Net Reserves By Field In The Company Increased Gross Gas And Natural Gas Liquids Reserves 11% To 21 Mmboe, Diversifying Future [...]

Frontera Energy Corp. today announced that its fourth quarter 2022 results will be released after markets close on Wednesday, March 1, 2023. A conference call for investors and analysts will be held on Thursday, March 2, 2023, at 1 p.m. Eastern Time. Participants will include Gabriel de Alba, Chairman of the Board of Directors, Orlando Cabrales, Chief Executive Officer, René Burgos, Chief Financial Officer, and other [...]

All Road Blockades Have Been Lifted The Company Anticipates Returning To Pre-Blockade Production Levels in 14-21 Days Frontera Energy Corp. announces that all blockades on the road from Puerto Gaitán to the Rubiales village in the municipality of Puerto Gaitan, Meta Department, Colombia, have been lifted. The Company has resumed transporting on-site inventory, rotating crews and delivering supplies to its Quifa and CPE-6 [...]

PUERTO GAITÁN , Colombia, Feb. 6, 2023 /CNW/ - Frontera Energy Corp. , Ecopetrol, Hocol, Tecpetrol and Cepsa, hydrocarbon companies that operate in Puerto Gaitán , express their deep concern about the serious social and economic consequences resulting from the blockade of the road that leads from Puerto Gaitán to the Rubiales village, which has already lasted 7 days, affecting the inhabitants of the department of Meta and [...]