TORONTO, May 20, 2020 /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 eight nominees proposed as directors and listed in the Company’s management proxy circular dated April 7, 2020 were elected as directors. A total of 71,009,508 common shares were voted in respect of the election of directors at the Meeting, representing 74.34% of the votes attaching to all outstanding common shares. The directors achieved an average approval vote of 98.56% from shareholders.

The detailed results of the vote are … Continue Reading

TORONTO, May 6, 2020 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) today reported financial and operational results for the first quarter ended March 31, 2020. All financial amounts in this news release are in United States dollars, unless otherwise stated.

First Quarter Operational and Financial Results:

Shareholders are Encouraged to Listen to Live Audio Webcast or Teleconference of Meeting and Vote in Advance of the Proxy Cut-off

Voting Will Not be Available Via Audio Webcast or Teleconference

First Quarter 2020 Results to be Released After Market on Wednesday, May 6, 2020

TORONTO, April 23, 2020 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announces that its annual general and special meeting of shareholders (the “Meeting“) will be held on Wednesday, May 20, 2020 at 10:00 a.m. EDT and will be available by live audio webcast and teleconference.

In response to the COVID-19 … Continue Reading

Focus on Maintaining a Strong Cash Position with Reduced 2020 Capital Plan
and Acceleration of Cost Savings Initiatives

Announces Streamlining of Senior Management Team

Hedged Over 45% of 2020 Production at Prices Significantly Above the Current Market

TORONTO, March 23, 2020 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) today announced responses to the lower oil price environment caused by excess global supply and the COVID-19 pandemic, which includes a reduction in the 2020 capital plan and acceleration of cost savings initiatives. In connection with these cost savings initiatives, and in an effort to streamline the … Continue Reading

TORONTO, March 9, 2020 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announces an update on Block 192 in Peru (the “Block“).

Following the grant of a six-month contract extension on the Block, force majeure has been declared and accepted by Perupetro S.A. as a result of a community blockade which has impacted the power supply to the operations within the Block. It is the Company’s understanding that the blockade is related to the short-term contract extension and the prior consultation process related to a new long-term contract on the Block. The period of force majeure … Continue Reading

Meets or Exceeds all 2019 Guidance Metrics and Delivers Cash Provided by Operating Activities in Excess of Cash Used in Investing Activities

$123 million of Cash Returned to Shareholders Via Share Buybacks and Dividends in 2019

TORONTO, March 5, 2020 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announced today the release of its Consolidated Financial Statements, Management Discussion and Analysis (“MD&A“), Annual Information Form (“AIF“) and Form 51-101 F1 – Statement of Reserves Data and Other Oil and Gas Information for the Company (the “F1 Report“) for the year ended December 31, 2019. These … Continue Reading

TORONTO, March 5, 2020 /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 April 16, 2020 to shareholders of record at the close of business on April 2, 2020. This dividend represents a 2.7% yield based on the closing share price of the Company on March 4, 2020. For 2020, the Company has paid or declared dividends of $30 million (C$0.41/share).

The dividend is designated as an eligible dividend under the … Continue Reading

TORONTO, March 2, 2020 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announces that it has executed a six-month extension agreement with Perupetro S.A. with respect to the temporary service contract on Block 192 in Peru (the “Block“). The contract, which was due to expire on March 2, 2020, has been extended to September 2, 2020. The extension will help sustain production from the Block while the process relating to the award of a new long-term contract for the Block is completed, which is expected in 2020.

Recent production on the Block has been … Continue Reading

Added 26.2 MMBOE of Net 2P Reserves Achieving 112% Reserve Replacement Ratio

Fourth Quarter and Full Year 2019 Results Will Be Released After Market on Thursday, March 5, 2020, Followed by a Conference Call on Friday, March 6, 2020 at 10:00 A.M. EST

TORONTO, Feb. 18, 2020 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) today announced the results of its annual independent reserves assessment and provided notice of fourth quarter and full year 2019 financial results and conference call. All dollar amounts in this news release and the Company’s financial disclosures are in United … Continue Reading

TORONTO, Feb. 6, 2020 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) today provided an exploration update in relation to prospects in Colombia in the Lower Magdalena Valley, including its exploration joint venture with Parex Resources Inc. (TSX: PXT) (“Parex”) involving the VIM-1 block.

Richard Herbert, Chief Executive Officer of Frontera, commented:

“We are excited that the first well with our partner Parex in the Lower Magdalena Valley has been a success. Testing results from the La Belleza-1 well on the VIM-1 block are very encouraging, especially given the limited capacity of the testing equipment … Continue Reading

2019 Production Exceeds Guidance as Core Asset Base Continues to Deliver Stable Production

Promising Llanos-119 Block Awarded as Part of ANH Bid Round in Colombia

TORONTO, Jan. 20, 2020 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announces an operational update. All values in this news release and the Company’s financial disclosures are in United States dollars, unless otherwise noted.

Production and Pricing Update

Frontera delivered strong, stable estimated full year production of 70,875 boe/d in 2019. This level exceeded the high-end of 2019 production guidance of 65,000 to 70,000 boe/d and was in-line with the … Continue Reading

Outlook for Operating EBITDA in Excess of Capital Expenditures Provides Excess Cash for Maximizing Shareholder Value

 Transformational Exploration Opportunities to be Executed in 2020 in Colombia, Guyana and Ecuador

Update to Board of Directors

TORONTO, Dec. 5, 2019 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) today announced full year 2020 capital 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 2020 plan demonstrates the Company’s continued confidence in … Continue Reading