The Report Has Been Prepared In Accordance With SASB, GRI, CDP and TCFD Frontera Achieved 98% Of Its 2021 ESG Goals US$4.7 Million Invested Benefiting More Than 46,000 People in Colombia, Ecuador and Peru 2022 Environmental, Social and Governance Targets Announced Frontera To Invest In Its First Photovoltaic Plant At Its CPE-6 Block In Colombia To Reduce Energy Use, Costs and Carbon Emissions Frontera Energy Corp. today [...]
228 Feet Of Net Pay Identified Across The Maastrichtian, Campanian, Santonian And Coniacian Horizons Third-Party Analyses Indicate Light Oil In Santonian And Coniacian, Gas Condensate In Maastrichtian and Campanian Kawa-1 Findings Are Consistent With Discovery Wells Reported By Other Operators Adjacent To The Corentyne Block Additional Potential Exists In The Central Channel Complexes Between Wei-1 And Kawa-1 And Is The [...]
Delivered EBITDA Of $132.8 Million, Reiterate 2022 Operating EBITDA Guidance Of $575-$625 Million At $90 Per Bbl Brent, Every Additional $10/Bbl Increase in Brent Price Average for the Year Equals $100 Million Additional EBITDA As The Company Has Uncapped Exposure to Higher Oil Prices Increased Production By 6.5% To 41,100 Boe/d Increased Inventory By 627,050 Bbls To 1,434,111 Bbls Which Will Be Sold In Subsequent [...]
Frontera Energy Corp. today announced that its first quarter 2022 results will be released after markets close on Tuesday, May 3, 2022. A conference call for investors and analysts will be held on Wednesday, May 4, 2022 at 11:30 a.m. Eastern Time. Participants will include Gabriel de Alba, Chairman of the Board of Directors, Orlando Cabrales, Chief Executive Officer, Alejandro Piñeros, Chief Financial Officer and other [...]
125 Feet Of Net Pay Encountered Across Seven Hydrocarbon Bearing Reservoirs Long Term Test Expected To Begin In April 2022 Second Consecutive Discovery On The Perico Block Current Gross Light Crude Oil Production From the Perico Block Is Approximately 2,000 Bbls/d Frontera Energy Corp. today announced that it has discovered 27.2 degree API light crude oil at the Tui-1 exploration well on the Perico block in Ecuador [...]
Recognition Honours Companies Demonstrating Exceptional Leadership And A Commitment To 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 2022 World's Most Ethical Companies. Frontera has been recognized for the second straight year [...]
Frontera May Purchase up to 4,787,976 Common Shares, Representing Approximately 10% of the Company's Public Float CALGARY, AB, March 15, 2022 /CNW/ - Frontera Energy Corp. announces that the Toronto Stock Exchange has accepted its notice to initiate a normal course issuer bid for its common shares , upon the expiry of its current normal course issuer bid on March 16, 2022. Pursuant to the NCIB, Frontera may purchase up to [...]
VENTURE'S Frontera Energy Corp. and CGX Energy Inc. , joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, announced today that they have entered into a financing agreement for a U.S. $35 million loan that will enable CGX to continue to finance part of its share of costs related to the Corentyne Block, the Berbice Deepwater Port, and other budgeted costs as agreed to with [...]
$373.2 MILLION, UP 117% COMPARED TO 2020 AND AVERAGE PRODUCTION OF 37,818 BOE/D, IN-LINE WITH 2021 $628.1 MILLION IN 2021 $320.8 MILLION AND RELEASED $105.6 $1 3.86 MILLION COMMON SHARES, OR 7.4% $21.5 98% OF 2021 ESG GOALS, OFFSET 41% 765 ~200 KAWA-1 EXPLORATION WELL IN GUYANA Frontera Energy Corp. today reported financial and operational results for the fourth quarter ended December 31, 2021. All financial amounts in [...]
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 [...]
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