Frontera Energy Corp. today announced that it intends to commence an offering of unsecured senior notes due 2028 pursuant to Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended. The proceeds from the offering will be used to repurchase, at a premium, the Company's U.S.$350 million 9.7% senior secured notes due 2023 pursuant to a tender offer, redemption and/or satisfaction and discharge, and for [...]
Frontera Energy Corp. today announced that it is commencing a cash tender offer and consent solicitation for any and all of its outstanding 9.700% Senior Notes due 2023, upon the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated as of June 7, 2021 and the related letter of transmittal. The Offer will expire at 11:59 p.m., Eastern time, on July 2, 2021, unless [...]
Frontera Energy Corp. today announced that the Company is beginning preparations to restart production of approximately 3,600 boe/d at its CPE-6 operations in the coming days. Regular transit in and out of the area has resumed and the Company has begun processing on-site inventory, rotating crews and delivering critical supplies to its CPE-6 location. The Company's CPE-6 facilities had previously been shut-in due to road [...]
CPE-6 Operations Temporarily Shut-In Production Guidance Maintained for the Year Frontera Energy Corp. today announced that due to road blockades in the municipality of Puerto Gaitan, Colombia, which have restricted the Company's ability to transport its production by truck and deliver other essential operational supplies and support to its facilities, the Company has reached its on-site storage capacity and has [...]
Frontera Energy Corp. today released its 2020 Sustainability Report and reaffirmed its commitment to develop new visions for environmental, social and governance approaches across its business. Orlando Cabrales, Chief Executive Officer, Frontera commented: "Frontera's 2020 Sustainability Report highlights the progress the Company made over the last year to act consistently and transparently, to offer quality employment [...]
Frontera Energy Corp. today held its annual general meeting of shareholders , where each of the seven nominees proposed as directors and listed in the Company's management proxy circular dated April 7, 2021 were elected as directors. A total of 61,558,423 common shares were voted in respect of the election of directors at the Meeting, representing approximately 63% of the votes attached to all outstanding common shares [...]
Frontera Energy Corp. today stated that it is maintaining its production outlook for the year as it has had no material impacts from recent events in Colombia. The Company will, as it always has, consult with its stakeholders, lever its strong transportation and logistics network, monitor the situation and provide the market with any updates as appropriate. The health and safety of our employees, contractors, service [...]
DELIVERED AVERAGE PRODUCTION OF 40,599 $14.1 94% TO $69.2 22% COMPARED TO Q4/2020 PROCURADURÍA GENERAL DE LA NACIÓN KAWA-1 WELL Frontera Energy Corp. today reported financial and operational results for the first quarter ended March 31, 2021. All financial amounts in this news release are in United States dollars, unless otherwise stated. First Quarter Operational and Financial Results: Production averaged 40,599 boe/d [...]
Targeting Early Third Quarter Spud Frontera Provides Notice of Q1/21 Financial Results and Conference Call Frontera Energy Corp. and CGX Energy Inc. , joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, separately announced today that CGX Resources Inc. , operator of the Corentyne Block, has entered into an agreement with Maersk Drilling Holdings Singapore Pte. Ltd. , a [...]
Completed first of two stages of the conciliation process to resolve outstanding transportation disputes in Colombia Frontera Energy Corp. , Cenit Transporte y Logística de Hidrocarburos S.A.S. and Oleoducto Bicentenario de Colombia S.A.S. separately announced today that the Office of the Attorney General of Colombia has delivered its opinion on the Conciliation Agreement between Frontera, CENIT and Bicentenario. The [...]
Frontera May Purchase up to 5,197,612 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 initiate a normal course issuer bid for its common shares . Pursuant to the NCIB, Frontera may purchase up to 5,197,612 Common Shares during the twelve-month period commencing March 17, 2021 and ending March 16, 2022 [...]
Delivered full year average production of 47,800 boe/d. Reduced capital expenditures by 69% compared to 2019. Reduced production and transportation costs by 7% and 10% respectively compared to 2019. Recorded a net loss of $497.4 million in 2020. Exited 2020 better positioned for long-term value creation. Frontera Energy Corp. announced today the release of its Consolidated Financial Statements, Management Discussion and [...]