TORONTO, Aug. 2, 2019 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera“) announces today that a resequencing of CGX Energy Inc.’s (TSXV: OYL) (“CGX“) work programme in the Corentyne block, offshore Guyana, held by its wholly owned subsidiary, CGX Resources Inc., has been approved by means of an addendum to its Corentyne Petroleum Agreement by the Government of the Cooperative Republic of Guyana. CGX and Frontera are joint venture partners in the block and CGX is the operator.

The benefit of the resequenced work program, which allows seismic assessment to be conducted over the northern area of … Continue Reading

Higher Earnings, Cash Provided by Operating Activities and Record Operating EBITDA

Production Growth, Higher Realized Oil Prices, Narrow Crude Differentials, and Cost Savings Initiatives Drive Improved Financial Performance

Company Raises 2019 EBITDA Guidance on Strong First Half Results and Declares Regular and Special Dividends

TORONTO, Aug. 1, 2019 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announces today the release of its Interim Condensed Consolidated Financial Statements for the second quarter of 2019, 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… Continue Reading

TORONTO, Aug. 1, 2019 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announces that its board of directors has declared a regular dividend of C$0.205 per common share and a special dividend of C$0.535.

The special dividend will be paid on or about August 23, 2019 to shareholders of record at the close of business on August 9, 2019. Gabriel de Alba, Chairman of the Board of Directors of Frontera, commented: “The board of directors approved a special dividend to reflect the strong financial and operational results in the first half of 2019 … Continue Reading

Production Ramping Back Up to Over 9,000 Barrels of Oil Per Day

Second Quarter 2019 Results Will Be Released After Market on Thursday, August 1, 2019, Followed by a Conference Call on Friday, August 2, 2019 at 10:00 A.M. EDT

TORONTO, July 30, 2019 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“), today announced that repairs have been completed on the NorPeruano pipeline in Peru and it has now resumed normal operations, allowing the Company to restart production from Block 192. Current production is 2,910 bbl/d and is expected to continue to ramp back up … Continue Reading

Awarded the VIM-22 and Llanos-99 Blocks as Part of the ANH Bid Round

Second Quarter 2019 Results Will Be Released After Market on Thursday, August 1, 2019, Followed by a Conference Call on Friday, August 2, 2019 at 10:00 A.M. EDT

TORONTO, July 16, 2019 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company”) announces the award of the VIM-22 block in addition to LLA-99 block which was previously announced on June 27, 2019 under the successful Agencia Nacional de Hidrocarburos (“ANH”) bid round. Definitive award documentation will be entered into later this month.

Block

Gross … Continue Reading

Second Quarter Production of 74,285 boe/d

Quarterly Production Growth of 9.3%

Year to Date Production of 71,190 boe/d

TORONTO, July 3, 2019 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announces a second quarter 2019 operational update. All values in this news release and the Company’s financial disclosures are in United States dollars, unless otherwise noted.

Richard Herbert, Chief Executive Officer of Frontera, commented:

“The first half of 2019 has been very strong for Frontera operationally, with second quarter production up 9.3% quarter over quarter, and near field development and exploration proceeding moderately ahead of … Continue Reading

TORONTO, June 27, 2019 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announced today that it was awarded the Llanos-99 block in Colombia following the successful Agencia Nacional de Hidrocarburos (“ANH“) bid round. Definitive award documentation will be entered into in July 2019.

The Llanos-99 block includes 134,900 acres within the prolific Llanos basin in Colombia on trend with fields that produce medium to light oil from the C-5 and C-7 zones within the Carbonera formation. The Company has preliminarily identified two prospective locations on the block with plans to start the environmental permitting process … Continue Reading

TORONTO, June 17, 2019 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announced today that the Company will be added to the S&P/TSX Composite Index (the “Composite Index“), effective prior to the open of trading on Monday, June 24, 2019. The Company is also being added to the S&P/TSX Composite Dividend, S&P/TSX Composite High Dividend and S&P/TSX Capped Energy Index at the same time.

The Composite Index is the headline index in Canada and serves as an indicator of broad market activity in Canadian equity markets. It includes the largest and most liquid companies on … Continue Reading

TORONTO, May 30, 2019 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announces that its board of directors has declared a dividend of C$0.205 per common share, which will be paid on or about July 17, 2019 to shareholders of record at the close of business on July 3, 2019. The Company’s board of directors has also amended its dividend policy to increase the quarterly dividend by 20% from US$12.5 million to approximately US$15.0 million during periods in which Brent oil prices sustain an average price of US$60/bbl or higher. The declaration and payment … Continue Reading

TORONTO, May 29, 2019 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) today held its annual general and special meeting of shareholders (the “Meeting“), where each of the seven nominees proposed as directors and listed in the Company’s management proxy circular dated April 18, 2019 were elected as directors. A total of 74,846,839 common shares were voted in respect of the election of directors at the Meeting, representing 76.29% of the votes attaching to all outstanding common shares. The directors achieved an average approval vote of 99.90% from shareholders.

The detailed results of the vote are … Continue Reading

TORONTO, May 16, 2019 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“), today announced it has made an amendment to the terms of the proposed amended and restated shareholder rights plan agreement (the “Plan“) to be presented for approval at the annual and special meeting of Shareholders of the Company scheduled to be held on May 29, 2019.

The Company has amended the definition of “Independent Shareholders” in the Plan to clarify that any Person who pursuant to the definition of “Beneficial Owner” is not deemed to Beneficially Own the Voting Shares of the Company … Continue Reading

TORONTO, May 16, 2019 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“), today announced it has made an amendment to the terms of the proposed amended and restated shareholder rights plan agreement (the “Plan“) to be presented for approval at the annual and special meeting of Shareholders of the Company scheduled to be held on May 29, 2019.

The Company has amended the definition of “Independent Shareholders” in the Plan to clarify that any Person who pursuant to the definition of “Beneficial Owner” is not deemed to Beneficially Own the Voting Shares of the Company … Continue Reading