Stable Production and Operating EBITDA Expected to Deliver Strong Cash Generation in 2019

Exciting Combination of Growth Initiatives and Portfolio Enhancement Opportunities

Dividend of C$0.33 and an Increased Normal Course Issuer Bid

TORONTO, Dec. 6, 2018 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) today announced full year 2019 plan and guidance information. All values in this news release and the Company’s financial disclosures are in United States dollars, unless otherwise noted.

Gabriel de Alba, Chairman of the Board of Directors, said:
“Frontera’s 2019 plan delivers on the Company’s objectives of maximizing cash generation and … Continue Reading

TORONTO, Dec. 6, 2018 /CNW/ – Frontera Energy Corporation (TSX: FEC) announces that its board of directors has declared dividend of C$0.33 per common share, which will be paid in cash on January 17, 2019 to shareholders of record at the close of business on January 3, 2019.

The dividend is designated as an eligible dividend under the Income Tax Act (Canada).

About Frontera:

Frontera is a Canadian public company and a leading explorer and producer of crude oil and natural gas, with operations focused in Latin America. The Company has a diversified portfolio of … Continue Reading

Represents Critical First Step in Recapitalization of CGX and the Advancement of its Exploration Projects in Guyana

TORONTO, Dec. 4, 2018 /CNW/ – CGX Energy Inc. (TSXV: OYL) (“CGX“) and Frontera Energy Corporation (TSX: FEC) (“Frontera“) announced today that they have entered into a letter agreement to enable CGX to finance the drilling costs related to two shallow water offshore blocks in Guyana, currently 100% owned and operated by a subsidiary of CGX. The agreement also provides financial support as a critical step in a series of transactions that CGX is seeking to undertake in order to restructure … Continue Reading

TORONTO, Dec. 3, 2018 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announces an update on Block 192 in Peru (“Block 192“).

On November 30, 2018, the Company was notified by Petroperú S.A. (“Petroperú“), the operator of the NorPeruano pipeline, of a force majeure event affecting a portion of the pipeline as a result of an attack at Kilometer 193 in the Morona district following a community dispute. The pipeline has been shut down by Petroperú as a result of damage caused by the attack. As a result, Frontera has started to shut down production … Continue Reading

Receives Consent of Holders of 91.16% in Aggregate Principal Amount

Consent Gives Company Flexibility to Implement Additional Measures Expected to Enhance Shareholder Value

TORONTO, Nov. 26, 2018 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) reported today that it has successfully completed the previously announced solicitation of consents (the “Consent Solicitation“) with respect to certain proposed amendments to the Indenture governing the Company’s U.S.$350 million aggregate principal amount of 9.700% Senior Notes due 2023 (CUSIP/ISIN 35905BAA5/US35905BAA5 and C35898AA00/USC35898AA00) (the “Notes“). The Company received the consent of holders of 91.16% in aggregate principal amount outstanding of … Continue Reading

TORONTO, Nov. 19, 2018 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announced today (i) an extension of its consent solicitation and (ii) a change to the consent fee payable to consenting noteholders with respect to its previously announced consent solicitation to holders of the Company’s U.S.$350 million aggregate principal amount of 9.700% Senior Notes due 2023 (CUSIP/ISIN 35905BAA5/US35905BAA5 and C35898AA00/USC35898AA00) (the “Notes“) made pursuant to the consent solicitation statement dated November 13, 2018 (the “Statement“).

The consent solicitation, which was scheduled to expire at 5:00 p.m. (New York City time) on November 20, … Continue Reading

TORONTO, Nov. 13, 2018 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“), today announced that it commenced a consent solicitation with respect to proposed amendments to the indenture governing its outstanding U.S.$350 million 9.700% Senior Notes due 2023 (CUSIP/ISIN 35905BAA5/US35905BAA5 and C35898AA00/USC35898AA00) (the “Notes“), upon the terms and subject to the conditions set forth in a Consent Solicitation Statement, dated November 13, 2018 (the “Statement“).

The Company is soliciting consents from holders of record of Notes as of 5:00 p.m. (New York City time) on November 12, 2018 (the “Record Date“) to certain proposed amendments … Continue Reading

TORONTO, Nov. 12, 2018 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“), today announced that it intends to commence a consent solicitation to amend the indenture governing its outstanding 9.7% Senior Unsecured Notes due 2023 (the “Notes“).

The Company is proposing to amend certain restrictions relating to “Limitations on Restricted Payments” in the Indenture to, among other changes, replace an existing basket permitting Restricted Payments (as such term is defined in the Indenture), of up to U.S.$40 million with a new basket permitting payments of up to U.S.$100 million per year, on a cumulative … Continue Reading

Solid Execution Delivers Quarterly Net Income of $45 Million and Cash Provided by Operating Activities of $189 Million

Expiration of Oil Hedges Well Timed with Expected Fourth Quarter Increase in Production

Updates to the Board of Directors

TORONTO, Nov. 7, 2018 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announces today the release of its Interim Condensed Consolidated Financial Statements for the third quarter of 2018, together with its Management, Discussion and Analysis (“MD&A“). These documents will be posted on the Company’s website at www.fronteraenergy.ca and SEDAR at www.sedar.com. All values in this news release … Continue Reading

Third Quarter 2018 Results Will Be Released After Market on Wednesday, November 7, 2018,
Followed by a Conference Call and Webcast on Thursday, November 8, 2018 at 10:00 A.M. EST

TORONTO, Oct. 26, 2018 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announces that its third quarter 2018 results will be released after market on Wednesday, November 7, 2018 followed by a conference call and webcast for investors and analysts on Thursday, November 8, 2018 at 8:00 a.m. (MST), 10:00 a.m. (EST, GMT-5). Participants will include Gabriel de Alba, Chairman of the … Continue Reading

Acorazado-1 Testing Results Confirm a Light Oil Discovery on the Llanos-25 Block

Production Back Above 65,000 boe/d with Strong Operational Performance, Quifa Water Handling Project on Schedule and 34 Well Q4 Drilling Campaign

TORONTO, Oct. 9, 2018 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“), today announced a light oil discovery from its Acorazado-1 exploration well on the 100% owned and operated Llanos-25 block in Colombia. Frontera also provided an operational update highlighting current production, major project activities and details regarding the fourth quarter drilling campaign.

Richard Herbert, Chief Executive Officer of Frontera, commented:… Continue Reading

Awarded ‘SDG Leadership Award’ and ‘Partnership Award’ related to its Outstanding Engagement with Indigenous Groups in Colombia and Peru

TORONTO, Sept. 7, 2018 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“), is pleased to announce it has been named a Canadian Sustainable Development Goals award winner for the second consecutive year by the Global Compact Network Canada, the Canadian network of the United Nations Global Compact.

Frontera was awarded the SDG Leadership Award in the large organizations category, through public voting, for its outstanding efforts in adopting and implementing the United Nations Sustainable Development Goals in … Continue Reading