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Frontera Energy Corp (FEC.TO)

FEC.TO on Toronto Stock Exchange

11.99CAD
15 Feb 2019
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Latest Key Developments (Source: Significant Developments)

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
Monday, 17 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

CGX Energy And Frontera Announce Strategic Guyana Joint Venture Agreement
Wednesday, 5 Dec 2018 

Dec 4 (Reuters) - CGX Energy Inc : :CGX ENERGY AND FRONTERA ANNOUNCE STRATEGIC GUYANA JOINT VENTURE AGREEMENT.CGX ENERGY- ENTERED INTO LETTER AGREEMENT WITH FRONTERA TO ENABLE CO TO FINANCE DRILLING COSTS RELATED TO 2 SHALLOW WATER OFFSHORE BLOCKS IN GUYANA.CGX ENERGY - UPON COMPLETION OF AGREEMENT, FRONTERA WILL ACQUIRE A 33.33% WORKING INTEREST IN TWO BLOCKS IN EXCHANGE FOR A US$33.3 MILLION SIGNING BONUS.CGX ENERGY - CGX WOULD BE OPERATOR WITH ASSISTANCE FROM FRONTERA.  Full Article

Frontera To Commence Consent Solicitation To Amend Indenture Relating To Outstanding Notes
Monday, 12 Nov 2018 

Nov 12 (Reuters) - Frontera Energy Corp ::FRONTERA ANNOUNCES THAT IT INTENDS TO COMMENCE A CONSENT SOLICITATION TO AMEND THE INDENTURE RELATING TO ITS OUTSTANDING NOTES.FRONTERA ENERGY - INTENDS TO COMMENCE CONSENT SOLICITATION TO AMEND INDENTURE GOVERNING ITS OUTSTANDING 9.7% SENIOR UNSECURED NOTES DUE 2023.  Full Article

Frontera Qtrly Basic Net Income Of $0.45/Share
Thursday, 8 Nov 2018 

Nov 7 (Reuters) - Frontera Energy Corp ::FRONTERA ANNOUNCES THIRD QUARTER 2018 RESULTS.SAYS NET PRODUCTION AVERAGED 58,558 BOE/D DURING Q3, DOWN 18% AND 9% FROM PRIOR YEAR PERIOD AND PRIOR QUARTER, RESPECTIVELY.OIL AND GAS SALES AND OTHER REVENUE IN QUARTER OF $382.2 MILLION WERE UP 38% FROM PRIOR YEAR PERIOD AND DOWN 9% FROM PRIOR QUARTER.QTRLY BASIC NET INCOME OF $0.45/SHARE.AFFIRMING 2018 OPERATING EBITDA GUIDANCE OF $400 TO $450 MILLION.2018 MIDPOINT OF AVERAGE ANNUAL DAILY NET PRODUCTION GUIDANCE IS LOWERED BY 5% TO 64,000 BOE/D (FROM 67,500 BOE/D).SAYS APPOINTMENT OF VERONIQUE GIRY TO BOARD OF DIRECTORS.SEES 5% DECREASE TO MIDPOINT OF CAPITAL EXPENDITURES GUIDANCE FOR 2018 TO $450 MILLION (FROM $475 MILLION)..SAYS FY 2018 PRODUCTION COST GUIDANCE IS INCREASED TO A MIDPOINT VALUE OF $14.25/BOE (FROM $13.00/BOE).  Full Article

Frontera Qtrly AFFO Per Basic Share $1.21
Friday, 3 Aug 2018 

Aug 3 (Reuters) - Frontera Energy Corp ::FRONTERA ANNOUNCES SECOND QUARTER 2018 RESULTS.FRONTERA ENERGY CORP - QTRLY AFFO PER BASIC SHARE $1.21.FRONTERA ENERGY CORP - QTRLY TOTAL SALES AFTER REALIZED LOSS ON RISK MANAGEMENT CONTRACTS $350.1 MILLION VERSUS $299.5 MILLION.FRONTERA ENERGY CORP - REITERATES ANNUAL GUIDANCE FOR PRODUCTION OF BETWEEN 65,000 BOE/D AND 70,000 BOE/D FOR 2018.FRONTERA ENERGY CORP - INCREASING ANNUAL OPERATING EBITDA GUIDANCE BY 6% AT THE MIDPOINT TO $400 MILLION TO $450 MILLION FOR 2018.FRONTERA ENERGY CORP - NET PRODUCTION DECREASED 3 PERCENT QUARTER-OVER-QUARTER TO 64,140 BOE/D IN Q2 2018.  Full Article

Frontera Announces Intention To Implement Normal Course Issuer Bid And Automatic Share Purchase Plan
Monday, 9 Jul 2018 

July 9 (Reuters) - Frontera Energy Corp ::FRONTERA ANNOUNCES INTENTION TO IMPLEMENT NORMAL COURSE ISSUER BID AND AUTOMATIC SHARE PURCHASE PLAN.FRONTERA ENERGY - INTENDS TO PURCHASE, DURING 12 MONTH PERIOD, ABOUT 3.5 PCT OF ISSUED & OUTSTANDING SHARES AS AT JULY 9.FRONTERA ENERGY - INTENDS TO ENTER INTO AUTOMATIC SHARE PURCHASE PLAN WITH DESIGNATED BROKER.  Full Article

UPDATE 1-Frontera Energy rethinking Peru due to pipeline problems

LIMA, Feb 14 Canadian oil junior Frontera Energy Corp is reconsidering pursuing new investments in Peru due to government delays in fixing a key pipeline, the company's chief executive said on Thursday.