Frontera May Purchase up to 3,949,454 Common Shares

Representing Approximately 10% of the Company’s Public Float

CALGARY, AB, Nov. 16, 2023 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announces that the Toronto Stock Exchange (the “TSX“) has accepted its notice to initiate a normal course issuer bid (the “NCIB“) for its common shares (the “Common Shares“).

Pursuant to the NCIB, Frontera may purchase up to 3,949,454 Common Shares during the 12-month period commencing November 21, 2023, and ending November 20, 2024, representing approximately 10% of the Company’s “public float” (as calculated in accordance … Continue Reading

Recorded Net Income of $32.6 Million

Generated Strong Operating EBITDA of $137.8 Million, Up 18% compared to Q2 2023

Delivered Steady Average Daily Production of 40,802 Bbl/d,

Including Record CPE-6 Quarterly Average Production of 5,803 Bbl/d, Up 13% versus Q2 2023

Completed Successful Exploration and Appraisal Activities and Produced 1 Millionth Barrel from the Perico Block, Ecuador

Generated Quarterly Adjusted Midstream EBITDA of $29.9 Million and Segment Income of $17.3 Million From Standalone and Growing Midstream Business

Discovered 342 Feet (104 meters) of Total Net Pay, Confirming the Significant Potential of the Corentyne Block

Achieved Best Ever Total Recordable … Continue Reading

CALGARY, AB, Oct. 19, 2023 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announces that its third quarter 2023 results will be released after markets close on Thursday, November 9, 2023.

A conference call for investors and analysts will be held on Friday, November 10, 2023, at 10:00 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 team.

Analysts and investors are invited to participate using the following … Continue Reading

Recorded Net Income of $80.2 Million 

Generated Operating EBITDA of $116.5 Million, up 27% From the Previous Quarter

Increased Average Daily Production 1% to 42,049 Boe/d,
Increased Quifa and CPE-6 Quarter Over Quarter Average Daily Production by 8.4%

Standalone and Growing Midstream Business Generated $18.2 Million of Quarterly Segment Income and $30.4 Million of Adjusted Midstream EBITDA

Entered Into Agreement To Connect Puerto Bahia and Cartagena Refinery with Up To 84,000 bbl/d Capacity Bi-Directional Hydrocarbon Flowline

Discovered 210 Feet of Hydrocarbon-Bearing Sands in the Santonian, 77 Feet of Net Light Oil and Sweet Medium Crude Pay in the Campanian … Continue Reading

CALGARY, AB, July 31, 2023 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announces that its second quarter 2023 results will be released after markets close on Thursday, August 10, 2023.

A conference call for investors and analysts will be held on Friday, August 11, 2023, at 11:00 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 team.

Analysts and investors are invited to participate using the following … Continue Reading

CALGARY, AB, June 15, 2023 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company”) announces that it has joined the One Trillion Trees (1t.org) movement launched by the World Economic Forum in Davos, Switzerland, in January 2020, with the global goal of conserving, restoring and growing one trillion trees by 2030.

It is estimated that six trillion trees covered the planet. Now only half remain and an additional 15 billion trees are lost annually. In order to contribute to solving this problem, Frontera Energy has pledged to the 1t.org movement to preserve and restore 2,500 … Continue Reading

71 Feet of Net Oil Pay Discovered in Secondary Targets in the Maastrichtian and Campanian

Testing of Primary Targets in the Santonian has Commenced

CALGARY, AB, June 13, 2023 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera“) announced today that the joint venture (the “Joint Venture“) with CGX Energy Inc. (TSXV: OYL) (“CGX“) has successfully reached total depth (TD) of 20,450′ on the Wei-1BP1 (Wei-1 bypass exploration and appraisal well or the “Well“). The original Wei-1 wellbore reached a depth of 19,142′. A bypass well (Wei-1BP1) was drilled from 18,757′ to total depth (TD) and penetrated the primary Santonian … Continue Reading

Frontera Achieved 102% Of Its 2022 ESG Goals

2023 Environmental, Social, and Governance Targets Announced

Positively Impacted More Than 73,100 People Developing 218 Social Projects

Advanced Its First Photovoltaic Power Project At Its CPE-6 Block In Colombia To Reduce Energy Use, Costs, and Carbon Emissions

Commissioning The SAARA Pilot Project, A Water Reuse And Purification System Within A Circular Economy Framework

CALGARY, AB, May 30, 2023 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) today released its 2022 Sustainability Report, announced its 2023 environmental, social and governance (“ESG“) targets, highlighting its commitment to developing and implementing … Continue Reading

CALGARY, AB, May 18, 2023 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) is pleased to announce the results from its 2023 annual meeting of shareholders held today (the “Meeting“).

ELECTION OF DIRECTORS

Shareholders elected each of the nominees proposed by management as set forth in the management  information circular of the Company dated March 30, 2023. The total number of shares represented by shareholders present in person or by proxy at the Meeting was 60,340,410, representing approximately 70.83% of Frontera’s issued and outstanding common shares. The directors achieved an average approval vote of 98.79% … Continue Reading

Recorded a Net Loss of $11.3 Million

Generated Operating EBITDA of $91.9 Million

Delivered 41,586 Boe/d Q1 Average Daily Production,
41,800 Boe/d YTD Average Daily Production,
42,500 Boe/d March and April 2023 Average Daily Production

Generated $16.9 Million of Income and Adjusted Midstream EBITDA of $28.2 Million
From Standalone and Growing Midstream Business

Drilled Wei-1 Well to 19,142 Feet (5,834 Metres) Measured Depth,
Encountered Oil-Bearing Intervals

Repurchased 461,200 Common Shares for $4.2 Million Through NCIB

Recognized as One of the Most Ethical Companies in the World
for a Third Consecutive Year by Ethisphere

CALGARY, AB, May 3, 2023 /CNW/ … Continue Reading