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 Frontera Energy Corp. 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 [...]
Production and Operational Performance Consistent with Strong Guidance Results Continued Focus on Shareholder Returns with Dividends and Buybacks Frontera Energy Corp. announces today the release of its Interim Condensed Consolidated Financial Statements for the third quarter of 2019, together with its Management, Discussion and Analysis . These documents will be posted on the Company's website at www.fronteraenergy.ca [...]
Frontera Energy Corp. announces that its Board of Directors has declared a dividend of C$0.205 per common share, which will be paid on or about January 17, 2020 to shareholders of record at the close of business on January 3, 2020. The Company's Board of Directors dividend policy is to pay a quarterly dividend of approximately US$15 million during periods in which Brent oil prices sustain an average price of US$60/bbl or [...]
Frontera May Purchase up to 6,532,400 Common Shares Representing Approximately 10% of the Company's Public Float Frontera Energy Corp. announces that the Toronto Stock Exchange has accepted its notice to renew its normal course issuer bid for its common shares . Pursuant to the NCIB, Frontera may purchase up to 6,532,400 Common Shares during the twelve-month period commencing October 18, 2019 and ending October 17, 2020 [...]
Third Quarter Production of 70,200 boe/d October Production over 73,000 boe/d Third Quarter 2019 Results Will Be Released After Market on Thursday, November 7, 2019 Followed by a Conference Call on Friday, November 8, 2019 at 10:00 A.M. EST Frontera Energy Corp. announces a third quarter 2019 operational update and notice of financial results and conference call. All values in this news release and the Company's financial [...]
Frontera Energy Corp. announces today that a resequencing of CGX Energy Inc.'s 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 [...]
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 Frontera Energy Corp. announces today the release of its Interim Condensed Consolidated [...]
Frontera Energy Corp. 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 [...]
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 Frontera Energy Corp. , 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 [...]
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 Frontera Energy Corp. 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 [...]
Second Quarter Production of 74,285 boe/d Quarterly Production Growth of 9.3% Year to Date Production of 71,190 boe/d Frontera Energy Corp. 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 [...]
Frontera Energy Corp. announced today that it was awarded the Llanos-99 block in Colombia following the successful Agencia Nacional de Hidrocarburos 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 [...]