Investor Day Highlights Colombia Production Growth

VIM-1 Block Farm-In with Parex Resources 

TORONTO, Feb. 7, 2019 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company”) announces an investor day and corporate update, including developments related to the Parex farm-in agreement, executive appointment, hedging, and the Corcel arbitration and the Caño Limón and Bicentenario pipelines. All values in this news release and the Company’s financial disclosures are in United States dollars, unless otherwise noted.

Investor Day

The Company will be hosting an investor and analyst day today, Thursday February 7, 2019 from 9 a.m. until 1 p.m. EST… Continue Reading

Met 2018 Production Guidance, Strong Current Production

Encouraging Colombian Exploration and Development Activity and New Acreage

TORONTO, Jan. 15, 2019 /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 Update

Frontera delivered estimated 2018 production of 70,999 boe/d before royalties (63,180 boe/d after royalties), within the revised 2018 production guidance of 70,000 to 72,000 boe/d before royalties (63,000 to 65,000 boe/d after royalties).  Subsequent to the Company providing updated guidance, pipeline disruptions shut … Continue Reading

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TORONTO, Dec. 18, 2018 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announces that the Toronto Stock Exchange (“TSX“) has accepted the Company’s notice to amend its normal course issuer bid (“NCIB“) for its common shares (“Common Shares“). The notice provides that the Company will be increasing the size of its NCIB from approximately 3.5% to 5% of the Company’s issued and outstanding Common Shares.

Under the initial NCIB which commenced on July 18, 2018, Frontera intended to purchase, during a … Continue Reading

TORONTO, Dec. 18, 2018 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) today announced the option for a Dividend Reinvestment Plan. As initially announced on December 6, 2018, Frontera has now adopted a Dividend Reinvestment Plan (the “Plan“) effective December 17, 2018 to provide shareholders of Frontera who are resident in Canada (“Eligible Shareholders“) with the option to have the cash dividends declared on their common shares of Frontera (“Shares“) reinvested automatically back into additional Shares, without the payment of brokerage commissions or service charges.

Participation in the Plan is optional; shareholders of Frontera who … Continue Reading

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