Frontera Energy Corp.

40,000-43,000 BOE/D FULL YEAR PRODUCTION, ~10% 2021 ESTIMATED AVERAGE PRODUCTION OF ~37,800 BOE/D $575 - $625 MILLION OPERATING EBITDA AT $9010% Frontera Energy Corp. announced its full year 2022 capital and production guidance, provided an update on its normal course issuer bid and provided notice of its year end 2021 financial results and conference call. All values in this news release and the Company's financial [...]

2021 2P RESERVES OF 167 $3.0 BILLION REPLACED 157% NET 1P AND 105% NET 2P RESERVES ADDED 13.1 MMBOE NET 2P RESERVES INCREASED NET 2P 105% TO 19.1 MMBOE, FURTHER DIVERSIFYING FRONTERA'S 1P RESERVES LIFE INDEX TO 8.7 YEARS AND 2P TO 13.3 YEARS 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 [...]

CGX Energy Inc. and Frontera Energy Corp. , the majority shareholder of CGX and joint venture partner of CGX, today announced that, as a result of the initial positive results at the Kawa-1 exploration well, the Joint Venture will focus on the significant exploration opportunities in the Corentyne block and will not engage in drilling activities on the Demerara block in 2022, as previously outlined by press release on [...]

KAWA-1 WELL ENCOUNTERS 177 2022 USING MAERSK DISCOVERER TORONTO, Jan. 31, 2022 /CNW/ - CGX Energy Inc. and Frontera Energy Corp. , the majority shareholder of CGX and joint venture partner of CGX in the Petroleum Prospecting License for the Corentyne block offshore Guyana, today announced that the Joint Venture has made a discovery at the Kawa-1 well, in the Corentyne Block. Gabriel de Alba, Chairman of Frontera's Board [...]

78 2022 Frontera Energy Corp. today announced that it has discovered hydrocarbons at the Jandaya-1 exploration well on the Perico block in Ecuador. Orlando Cabrales, Chief Executive Officer of Frontera, commented: "We are pleased to announce a discovery at the Jandaya-1 exploration well. Jandaya-1 is Frontera's first operated well in Ecuador and the first well drilled on acreage awarded during Ecuador's 2019 Intracampos [...]

US$12-$15 FRONTERA'S TOTAL PRODUCTION BY APPROXIMATELY 1,800 BOE/D IN 2022 Frontera Energy Corp. announced today that it has entered into an agreement to acquire the 35% working interest in Colombia's El Dificil block held by PCR Investments S.A., a wholly owned subsidiary of Petroquímica Comodoro Rivadavia S.A. for a total aggregate cash consideration of approximately US$13 million. The PCR transaction is expected to [...]

ACQUISITION WILL GENERATE APPROXIMATELY US$8-$10 1,300 BOE/D IMMEDIATE PRODUCTION INCLUDING 5 VIM-1 FRONTERA SPUDS JANDAYA-1 VIM-46 Frontera Energy Corp. announced today that it has entered into an agreement to acquire 100% of the issued and outstanding shares in Petroleos Sud Americanos S.A. with operations in Colombia in El Dificil ), Entrerrios and Rio Meta Blocks. Assets to be acquired in the PetroSud and VIM-46 [...]

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 Administrative Tribunal of Cundinamarca approved the conciliation agreement between Frontera, CENIT, and Bicentenario and that they have concluded the final formalities of the settlement arrangement. The settlement arrangement is now finalized and in full force [...]

FULL-$360-$380 $38.5 MILLION AVERAGED 36,422 BOE/D, UP 2%, VIM-1 2021 EXIT RATE OF OVER 40,000 78% OF TOTAL KAWA-1 WELL FOOTAGE DRILLED JANDAYA-1 2021 Frontera Energy Corp. today reported financial and operational results for the third quarter ended September 30, 2021. All financial amounts in this news release are in United States dollars, unless otherwise stated. Third Quarter Operational and Financial Results: The [...]

FRONTERA NOW HOLDS 257,475,469 CGX COMMON SHARES Frontera Energy Corp. , the majority shareholder of CGX Energy Inc. announced today that it has acquired 45,083,314 CGX common shares in connection with a previously announced rights offering by CGX on September 24, 2021. The aggregate purchase price for the Common Shares was CAD$73,596,681 . As consideration for providing a standby commitment in connection with the Rights [...]