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 [...]
Frontera Provides Update on Estimated 2022 Full-Year Daily Average Production Frontera Energy Corp. announces its full year 2023 capital and production guidance and provides an update on its normal course issuer bid , its 2023 hedging program and its estimated fourth quarter and 2022 full year average daily production. All values in this news release and the Company's financial disclosures are in United States dollars [...]
Frontera Recognised As A Top 20 Best Places To Work In Colombia Frontera Achieves ISO Certification in Ecuador For Strong Environment, Safety, And Health Standards, And In Colombia For Road Operations Safety Frontera Recognized By Friendly Biz For LGBT+ Friendly Workplace Frontera Energy Corp. today announces that it joins 483 other companies as a member of the 2023 Bloomberg Gender-Equality Index , a modified market [...]
Aiming To Build On Light Oil And Condensate Discovery At Kawa-1 CGX Energy Inc. and Frontera Energy Corp. , joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana , announce today that the Joint Venture has spud the Wei-1 well, on the Corentyne block, approximately 200 kilometres offshore from Georgetown, Guyana. The Joint Venture also announces that the Government of Guyana [...]
Government of Guyana Confirms Corentyne License Remains in Full Force and Effect and Good Standing CGX and Frontera Complete Joint Operating Agreement Amendment, Participating Interest in Corentyne Block is 32% CGX and 68% Frontera CGX Energy Inc. and Frontera Energy Corp. , joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana , announce today that, further to its [...]
Frontera Energy Corp. and CGX Energy Inc. , joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana , announce today its continued commitment to drill the Wei-1 well and that final preparations are complete in advance of spudding the Wei-1 well, which follows the discovery of light oil and gas condensate at the Kawa-1 well earlier this year. The Wei-1 well will be located [...]
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