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Frontera Energy Corp (FEC.TO)

FEC.TO on Toronto Stock Exchange

2.91CAD
7 Aug 2020
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Latest Key Developments (Source: Significant Developments)

Frontera Says Production Of 70,875 Boe/D In 2019
Monday, 20 Jan 2020 

Jan 20 (Reuters) - Frontera Energy Corp ::FRONTERA ANNOUNCES AN OPERATIONAL UPDATE.FRONTERA ENERGY CORP - PRODUCTION OF 70,875 BOE/D IN 2019.FRONTERA ENERGY - Q4 2019 TOTAL ESTIMATED PRODUCTION OF 70,905 BOE/D WAS 1.0% HIGHER THAN PRIOR QUARTER AND 1.4% LOWER THAN PRIOR YEAR.  Full Article

Frontera Reports Qtrly Basic Earnings Per Share Of $2.32
Wednesday, 17 Jul 2019 

Aug 1 (Reuters) - Frontera Energy Corp ::FRONTERA ANNOUNCES STRONG SECOND QUARTER 2019 RESULTS.QTRLY REVENUE $377 MILLION VERSUS $405 MILLION.QTRLY BASIC EARNINGS PER SHARE $2.32.DURING Q2 OF 2019, CAPITAL EXPENDITURES WERE $73.5 MILLION DOWN 15.4% FROM Q2 OF 2018.SEES FY 2019 OPERATING EBITDA $525 MILLION TO $575 MILLION.SEES 2019 CAPITAL EXPENDITURES $325 MILLION TO $375 MILLION.SEES FY 2019 AVERAGE DAILY PRODUCTION BETWEEN 65,000 BOE/D AND 70,000 BOE/D.  Full Article

Frontera Energy Says Q2 Production Of 74,285 BOE/d, Up 9.3% Quarter Over Quarter
Wednesday, 3 Jul 2019 

July 3 (Reuters) - Frontera Energy Corp ::FRONTERA ANNOUNCES SECOND QUARTER 2019 UPDATE.FRONTERA ENERGY CORP - Q2 PRODUCTION OF 74,285 BOE/D, UP 9.3% QUARTER OVER QUARTER.FRONTERA ENERGY CORP - PERU PRODUCTION AVERAGED AN ESTIMATED 9,970 BBL/D IN Q2 OF 2019 AN INCREASE OF 339% COMPARED TO Q1 OF 2019.FRONTERA ENERGY CORP - COMPANY ANTICIPATES THAT IT WILL RENEW ITS NORMAL COURSE ISSUER BID AT SOME POINT AFTER IT EXPIRES ON JULY 17, 2019..  Full Article

Frontera Reports Qtrly Revenue Of $265 Million
Thursday, 14 Mar 2019 

March 14 (Reuters) - Frontera Energy Corp ::FRONTERA DELIVERS STRONG FOURTH QUARTER AND 2018 RESULTS AND REPLACES 103% OF 2018 PRODUCED RESERVES.FRONTERA ENERGY CORP - QTRLY PRODUCTION AVERAGED 71,924 BOE/D, AN INCREASE OF 8% COMPARED TO Q3 OF 2018.FRONTERA ENERGY CORP - NET LOSS OF $116.6 MILLION ($1.17/SHARE) IN Q4 OF 2018.FRONTERA ENERGY CORP - OIL PRODUCTION REPRESENTED OVER 95% OF TOTAL COMPANY PRODUCTION IN Q4 VERSUS 94% IN Q3.FRONTERA ENERGY CORP - QTRLY REVENUE $265 MILLION VERSUS $345 MILLION.  Full Article

Frontera Awarded Two Exploration Blocks In Ecuador's Intracampos Bid Round
Wednesday, 13 Mar 2019 

March 13 (Reuters) - Frontera Energy Corp ::FRONTERA AWARDED TWO EXPLORATION BLOCKS IN ECUADOR'S INTRACAMPOS BID ROUND.FRONTERA ENERGY CORP - CO, GEOPARK LIMITED AWARDED PRODUCTION SHARING CONTRACTS ON TWO BLOCKS IN ECUADOR'S INTRACAMPOS BID ROUND.  Full Article

Frontera Announces Investor Day And Corporate Update
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - Frontera Energy Corp ::FRONTERA ANNOUNCES INVESTOR DAY AND CORPORATE UPDATE.FRONTERA ENERGY CORP - TARGETING TO GROW PRODUCTION IN COLOMBIA TO OVER 85,000 BOE/D BEFORE ROYALTIES BY END OF 2023..FRONTERA ENERGY CORP - APPOINTMENT OF CARLOS ALBERTO VARGAS MEDINA AS CHIEF OPERATING OFFICER, EFFECTIVE FEBRUARY 11, 2019.FRONTERA ENERGY CORP - SIGNED A FARM-IN AGREEMENT WITH PAREX RESOURCES.FRONTERA ENERGY CORP - CONSEJO DE ESTADO REJECTED ANH'S REQUEST TO ANNUL PANEL'S DECEMBER 6, 2017 RULING ON CORCEL ARBITRATION.FRONTERA ENERGY CORP - ARBITRATORS RULING IN FAVOUR OF FRONTERA REMAINS UPHELD..FRONTERA ENERGY CORP - RECEIVED 50% WORKING INTEREST IN VIM-1 BLOCK IN LOWER MAGDALENA VALLEY BASIN IN COLOMBIA.FRONTERA - INTENDS TO CLAIM RECOVERY OF DAMAGES, AMONG OTHERS, IN RESPECT OF OF ABOUT $130 MILLION DOLLARS IN RESPECT OF BIC FOR SOME PAYMENT CLAIMS.FRONTERA ENERGY CORP - TO FUND 100% OF FIRST $10 MILLION OF DRILLING & COMPLETION COSTS OF LA BELLEZA-1 EXPLORATION WELL.FRONTERA - INTENDS TO CLAIM RECOVERY OF DAMAGES, IN RESPECT OF CLC FOR RELEASE OF ABOUT $32 MILLION IN RESTRICTED CASH FOR TARIFF OVERCHARGES.FRONTERA ENERGY - AS OF FEB 6, CO HAS HEDGED ABOUT 18% OF EXPECTED 2019 COLOMBIA NET PRODUCTION, USING PUT OPTIONS WITH STRIKE PRICE OF $55/BBL BRENT.FRONTERA ENERGY CORP - AFTER CO FUNDS 100% OF FIRST $10 MILLION, COSTS ON BLOCK WILL BE SPLIT 50/50 WITH PAREX.  Full Article

CGX Energy, Frontera Announce Execution Of Farm-In Joint Venture Agreement, Bridge Loan
Friday, 1 Feb 2019 

Feb 1 (Reuters) - CGX Energy Inc ::CGX ENERGY AND FRONTERA ANNOUNCE EXECUTION OF FARM-IN JOINT VENTURE AGREEMENT AND BRIDGE LOAN.CGX ENERGY INC - CGX AND FRONTERA ARE ALSO PLEASED TO ANNOUNCE TODAY THAT THEY HAVE ENTERED INTO AN AMENDED AND RESTATED BRIDGE LOAN AGREEMENT.CGX ENERGY INC - FRONTERA HAS AGREED TO EXTEND TERM OF CGX'S APRIL 25, 2018 BRIDGE LOAN TO SEPTEMBER 30, 2019.CGX ENERGY- FRONTERA HAS OPTION TO CONVERT UP TO US$8.8 MILLION PRINCIPAL AMOUNT OF LOAN INTO CGX COMMON SHARES AT CONVERSION PRICE OF US$0.22 PER SHARE.  Full Article

CGX Energy, Frontera Announce Execution Of Farm-In Joint Venture Agreement, Bridge Loan
Friday, 1 Feb 2019 

Feb 1 (Reuters) - CGX Energy Inc ::CGX ENERGY AND FRONTERA ANNOUNCE EXECUTION OF FARM-IN JOINT VENTURE AGREEMENT AND BRIDGE LOAN.CGX ENERGY INC - JV COVERS CGX'S TWO SHALLOW WATER OFFSHORE PETROLEUM PROSPECTING LICENSES IN GUYANA, CORENTYNE AND DEMERARA BLOCKS..CGX ENERGY INC - AGREEMENTS REMAIN SUBJECT TO GUYANESE GOVERNMENT APPROVAL..CGX ENERGY INC - ENTERED INTO AN AMENDED AND RESTATED BRIDGE LOAN AGREEMENT WITH FRONTERA.CGX ENERGY - FRONTERA HAS OPTION TO CONVERT UP TO US$8.8 MILLION PRINCIPAL AMOUNT OF LOAN INTO CGX COMMON SHARES AT CONVERSION PRICE OF US$0.22/SHARE.  Full Article

Cgx Energy And Frontera Announce Amended Letter Agreement And Shares For Debt Settlement
Tuesday, 18 Dec 2018 

CGX Energy Inc ::CGX ENERGY AND FRONTERA ANNOUNCE AMENDED LETTER AGREEMENT AND SHARES FOR DEBT SETTLEMENT.CGX ENERGY INC - ENTERED DEBT SETTLEMENT AGREEMENT WITH RESPECT TO SETTLEMENT OF US$1.2 MILLION OF DEBT OWING TO FRONTERA.CGX ENERGY INC - DOES NOT HAVE SUFFICIENT CASH TO REPAY LIABILITY; DEBT SETTLEMENT IMPROVES LIQUIDITY POSITION.CGX ENERGY INC - UPON COMPLETION OF DEBT SETTLEMENT, FRONTERA WILL OWN ABOUT 48.3% OF CO'S SHARES.  Full Article

Frontera Energy Corp Sees 2019 Operating Ebitda $400 Mln - $450 Mln
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - Frontera Energy Corp ::FRONTERA ANNOUNCES SHAREHOLDER VALUE ENHANCEMENT INITIATIVES AND 2019 PLAN AND GUIDANCE INFORMATION.FRONTERA ENERGY CORP - DIVIDEND OF C$0.33 AND AN INCREASED NORMAL COURSE ISSUER BID.FRONTERA ENERGY CORP - STABLE PRODUCTION AND OPERATING EBITDA EXPECTED TO DELIVER STRONG CASH GENERATION IN 2019.FRONTERA ENERGY CORP - STABLE PRODUCTION AND OPERATING EBITDA EXPECTED TO DELIVER STRONG CASH GENERATION IN 2019.FRONTERA ENERGY CORP - SEES 2019 CAPITAL EXPENDITURES $325 MILLION - $375 MILLION.FRONTERA ENERGY CORP - SEES 2019 AVERAGE DAILY PRODUCTION (BEFORE ROYALTIES) 65 - 70 MBOE/D.FRONTERA ENERGY CORP - SEES 2019 AVERAGE DAILY PRODUCTION (AFTER ROYALTIES) 60 - 65 MBOE/D.FRONTERA ENERGY CORP - SEES 2019 OPERATING EBITDA $400 MILLION - $450 MILLION.FRONTERA ENERGY CORP - SEES 2019 TRANSPORTATION COST (INCLUDING FEES PAID ON SUSPENDED CAPACITY) $12.50 - $13.50 PER BOE.FRONTERA ENERGY CORP - SEES 2019 BRENT OIL PRICE ASSUMPTION $65.00/BBL & OIL PRICE DIFFERENTIAL $8.40/BBL.FRONTERA - SEES 2019 PLAN TO MAINTAIN STABLE TOTAL CO PRODUCTION OVER 3-YRS, DESPITE RISK OF NOT EXECUTING NEW CONTRACT ON BLOCK 192 IN PERU IN 2019.  Full Article