CALGARY, AB, June 20, 2022 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announces that its board of directors (the “Board“) has approved the commencement of a substantial issuer bid (the “Offer“) pursuant to which the Company will offer to purchase from shareholders for cancellation up to $65 million (equivalent to US$50 million) of its outstanding common shares (the “Shares“). The Offer will proceed by way of a “modified Dutch auction” procedure with a tender price range from $11.00 to $13.00 per Share.

The Company plans to fund repurchases of Shares through available cash on … Continue Reading

Current Frontera Board Member René Burgos Díaz Appointed As Frontera’s New CFO

Alejandro Piñeros Leaving Frontera Effective June 3, 2022  

CALGARY, AB, June 3, 2022 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announced today that Mr. René Burgos Díaz, who was until today a director of the Company, has been appointed the Chief Financial Officer of the Company effective June 3, 2022. He replaces Mr. Alejandro Piñeros, who is stepping down as Chief Financial Officer effective June 3, 2022, to pursue other career opportunities. 

“I am pleased to announce that René Burgos… Continue Reading

Frontera Added To The MSCI Canada Small Cap Index

CALGARY, AB, June 1, 2022 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announced today that it has been added to the S&P/TSX SmallCap Index and the MSCI Global Small Cap Indexes under the MSCI Canada Small Cap Index. Inclusion in these indexes can potentially broaden participation in a company’s investor base by enabling investment from index funds and similar investment vehicles.

The S&P/TSX SmallCap Index is an investable index for the Canadian small cap market that includes common stock and income trusts. The index includes 230 … Continue Reading

CALGARY, AB, May 18, 2022 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) is pleased to announce the results from its 2022 annual and special 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 April 5, 2022. The total number of shares represented by shareholders present in person or by proxy at the Meeting was 67,884,047, representing approximately 72.14% of Frontera’s issued and outstanding common shares. The directors achieved an average approval vote … Continue Reading

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

CALGARY, AB, May 18, 2022 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) today released its 2021 Sustainability Report (the “Sustainability Report“), announced its 2022 environmental, social and governance (“ESG“) targets and … Continue Reading

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 Quarters

Recorded Net Income Of $102.2 Million

Increased Operating Netback By 22% To $59/Boe And Net Sales Realized Price By 17% To $81.66/Boe

Renewed NCIB Program For The Purchase … Continue Reading

CALGARY, AB, April 19, 2022 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) 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 members of the senior management team.

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

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

CALGARY, AB, March 24, 2022 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) today announced that it has discovered 27.2 degree API light crude oil at the Tui-1 exploration well on the Perico block (Frontera 50% W.I. and operator) in Ecuador.

Orlando Cabrales, Chief Executive Officer of Frontera, commented:

“We are excited to … Continue Reading

Recognition Honours Companies Demonstrating Exceptional Leadership And A Commitment To Business Integrity Through Best-In-Class Ethics, Compliance, And Governance Practices

CALGARY, AB, March 15, 2022 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) 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 and is the only honouree in the Oil and Gas, Renewables category. In 2022, 136 honourees were recognized spanning 22 countries and 46 industries.

Orlando Cabrales, Chief … Continue Reading

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 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“), upon the expiry of its current normal course issuer bid on March 16, 2022.

Pursuant to the NCIB, Frontera may purchase up to 4,787,976 Common Shares during the 12-month period commencing March 17, 2022, and ending March … Continue Reading