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Frontera Included in the 2023 Bloomberg Gender Equality Index GEI

February 1, 2023 via NewsWire Tagged With: TSX:FEC

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

CALGARY, AB, Jan. 31, 2023 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera“‘ or the “Company“) today announces that it joins 483 other companies as a member of the 2023 Bloomberg Gender-Equality Index (“GEI“), a modified market capitalization-weighted index developed to gauge the performance of public companies dedicated to reporting gender-related data. This reference index measures gender equality … Continue Reading

Joint Venture Spuds Wei-1 Well Offshore Guyana

January 23, 2023 via NewsWire Tagged With: TSX VENTURE:OYL, TSX:FEC

Aiming To Build On Light Oil And Condensate Discovery At Kawa-1

TORONTO, Jan. 23, 2023 /CNW/ – CGX Energy Inc. (TSXV: OYL) (“CGX“) and Frontera Energy Corporation (TSX: FEC) (“Frontera“), joint venture partners (the “Joint Venture“) in the Petroleum Prospecting License for the Corentyne block offshore Guyana (the “License“), 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 has approved an Appraisal Plan for the northern section of the Corentyne block which commenced with … Continue Reading

CGX ENERGY INC. AND FRONTERA ENERGY CORPORATION

December 1, 2022 via NewsWire Tagged With: TSX VENTURE:OYL, TSX:FEC

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

TORONTO, Dec. 01, 2022 /CNW/ – CGX Energy Inc. (TSXV: OYL) (“CGX“) and Frontera Energy Corporation (TSX: FEC) (“Frontera“), joint venture partners (the “Joint Venture“) in the Petroleum Prospecting License for the Corentyne block offshore Guyana (the “License“), announce today that, further to its announcement on November 28, 2022, due to circumstances beyond the reasonable control of the Joint Venture related to ongoing exploration … Continue Reading

Frontera and CGX Provide Update On Wei-1 Well Preparations

November 28, 2022 via NewsWire Tagged With: TSX VENTURE:OYL, TSX:FEC

CALGARY, AB, Nov. 28, 2022 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera“) and CGX Energy Inc. (TSXV: OYL) (“CGX“), joint venture partners (the “Joint Venture“) in the Petroleum Prospecting License for the Corentyne block offshore Guyana (the “License“), 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 approximately 14 kilometres northwest of the Kawa-1 exploration well in the Corentyne block, approximately … Continue Reading

Frontera To Host Investor Open House On November 15, 2022

November 15, 2022 via NewsWire Tagged With: TSX:FEC

CALGARY, AB, Nov. 15, 2022 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera“‘ or the “Company“) will host an Investor Open House for analysts, investors, shareholders and bondholders today from 9:30 a.m. to 5:00 p.m. Col time, Frontera at its office at Calle 110 N° 9 – 25 Piso 16, Bogotá, Colombia. Members of Frontera’s executive team will provide in-depth presentations and answer questions on Frontera’s strategy and key initiatives, operations and production, Colombia and Ecuador exploration, development and reserves, transportation and marketing, midstream business, Guyana exploration, sustainability efforts and finance initiatives.

The event will be webcast for … Continue Reading

Frontera Announces Third Quarter 2022 Results

November 2, 2022 via NewsWire Tagged With: TSX:FEC

Generated EBITDA of $173.2 Million

Delivered Production of 41,033 Boe/d, Up 12.7% From Q3’21,

Delivered Another Record Quarterly Average Production at CPE-6 of 5,070 boe/d
Achieved a Total Recordable Incident Rate of 1.01,
Best Safety Performance in Frontera History

Revised Wei-1 Well Spud Window to Between December 2022 to Late January 2023

Invested Over $100 Million in Shareholder Value Generating Initiatives

Including $86.6 million in Share Buybacks YTD and Acquisition of Additional Interest in ODL Pipeline

Outlook Upgraded By S&P Global Ratings From ‘Stable’ to ‘Positive’,
B+ Issuer Credit and Issue-Level Ratings Affirmed

CALGARY, AB, Nov. 1, 2022 /CNW/ … Continue Reading

Frontera Energy Provides Notice of Third Quarter 2022 Financial Results and Conference Call

October 25, 2022 via NewsWire Tagged With: TSX:FEC

Frontera to Host Investor Open House on November 15, 2022

CALGARY, AB, Oct. 24, 2022 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) today announced that its third quarter 2022 results will be released after markets close on Tuesday, November 1, 2022.

A conference call for investors and analysts will be held on Wednesday, November 2, 2022 at 10 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 the senior management … Continue Reading

CGX Energy and Frontera Energy Announce Extensions of Previous Loan and JOA Amendment Agreements to November 30, 2022

October 3, 2022 via NewsWire Tagged With: TSX VENTURE:OYL, TSX:FEC

TORONTO, Oct. 3, 2022 /CNW/ – CGX Energy Inc. (TSXV: OYL) (“CGX“) and Frontera Energy Corporation (TSX: FEC) (“Frontera“), joint venture partners (the “Joint Venture“) in the Petroleum Prospecting License for the Corentyne block offshore Guyana, today announce that the parties have agreed to (i) extend the maturity date of the previously announced US$19 million convertible loan to CGX dated May 28, 2021, as amended (the “Loan Agreement“) to November 30, 2022; and (ii) amend the previously announced amended Joint Operating Agreement dated July 21, 2022 (the “JOA Amendment“) to extend the outside date by which … Continue Reading

Frontera Announces Completion of Substantial Issuer Bid

August 11, 2022 via NewsWire Tagged With: TSX:FEC

CALGARY, AB, Aug. 11, 2022 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announces that the Company has taken up and paid for 5,416,666 of its outstanding common shares (the “Shares“) at a price of $12.00 per Share (the “Purchase Price“) under its substantial issuer bid pursuant to which the Company offered to purchase from shareholders for cancellation up to $65 million (equivalent to US$50 million) of Shares (the “Offer”). All dollar amounts are in Canadian dollars unless otherwise specified.

The Shares taken up and paid for by the Company represent approximately 5.84% of the … Continue Reading

Frontera Announces Second Quarter 2022 Results

August 10, 2022 via NewsWire Tagged With: TSX:FEC

Generated EBITDA of $190.7 Million, Production of 41,586 Boe/d

Increased Operating Netback by 16% to $68.01/Boe, Net Sales Realized Price by 12% to $91.50/Boe

Recorded Net Income of $13.5 Million

Executed C$65 Million Substantial Issuer Bid, Resuming NCIB on August 11, 2022

Released 2021 Sustainability Report, Achieved 98% of 2021 ESG Goals, Announced 2022 Targets, Reduced CO2 Emissions By 31,000 Tons Compared With 2Q’21

Announced Transaction for the Corentyne Block That Secures Funding for the Wei-1 Exploration Well,
to be Spud in October 2022

Updated 2022 Capital and Production Guidance

Forecast 2022 EBITDA of $575–$625 … Continue Reading

Frontera Announces Preliminary Results of Substantial Issuer Bid

August 9, 2022 via NewsWire Tagged With: TSX:FEC

CALGARY, AB, Aug. 9, 2022 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announces the preliminary results of its substantial issuer bid (the “Offer“) pursuant to which the Company offered to purchase from shareholders for cancellation up to CAD $65 million (equivalent to US$50 million) of its outstanding common shares (the “Shares“). The Offer proceeded by way of a “modified Dutch auction” procedure with a tender price range from $11.00 to $13.00 per Share. The Offer, as amended by the notice of variation dated July 25, 2022 (the “Notice of Variation“), expired at 11:59 p.m. … Continue Reading

Frontera Extends Substantial Issuer Bid to August 8, 2022

July 25, 2022 via NewsWire Tagged With: TSX:FEC

No Additional Changes to Offer Terms

Normal Course Issuer Bid To Resume Following Completion Of Substantial Issuer Bid

Second Quarter 2022 Results Will Be Released After Markets Close On August 9, 2022

Conference Call For Investors And Analysts Will Be Held On August 10, 2022 At 10:00 A.M. Eastern Time

CALGARY, AB, July 25, 2022 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera“‘ or the “Company“) announces today that the Company has extended the expiry time of its offer (the “Offer“) to purchase from shareholders up to $65 million (equivalent to US$50 million) of its outstanding common shares … Continue Reading

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