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Frontera Energy Corp (FEC.TO)

FEC.TO on Toronto Stock Exchange

12.17CAD
18 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Frontera Announces An Operational Update
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Frontera Energy Corp ::FRONTERA ANNOUNCES AN OPERATIONAL UPDATE.FRONTERA ENERGY CORP - MET 2018 PRODUCTION GUIDANCE.FRONTERA ENERGY CORP - ESTIMATED 2018 PRODUCTION OF 70,999 BOE/D BEFORE ROYALTIES (63,180 BOE/D AFTER ROYALTIES).FRONTERA ENERGY - PIPELINE DISRUPTIONS SHUT DOWN PRODUCTION IN PERU ON BLOCK 192 DURING DECEMBER 2018 AND IMPACTED ANNUAL PRODUCTION BEFORE ROYALTIES.FRONTERA ENERGY CORP - Q4 2018 ESTIMATED PRODUCTION OF 71,850 BOE/D BEFORE ROYALTIES (63,835 BOE/D AFTER ROYALTIES).FRONTERA ENERGY CORP - CURRENT PRODUCTION IS APPROXIMATELY 72,000 BOE/D BEFORE ROYALTIES (64,000 BOE/D AFTER ROYALTIES).  Full Article

Frontera Announces Exploration Discovery In Colombia
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - Frontera Energy Corp ::FRONTERA ANNOUNCES EXPLORATION DISCOVERY IN COLOMBIA, AN OPERATIONAL UPDATE, FUTURE DRILLING PLANS AND EXERCISE OF IFC PUT OPTION.FRONTERA ENERGY CORP - ACORAZADO-1 TESTING RESULTS CONFIRM A LIGHT OIL DISCOVERY ON LLANOS-25 BLOCK.FRONTERA ENERGY - ACORAZADO-1 WELL ENCOUNTERED NUMBER OF POTENTIAL HYDROCARBON ZONES IN TARGET MIRADOR FORMATION RESERVOIR.FRONTERA ENERGY CORP - DURING Q4 OF 2018, COMPANY EXPECTS TO DRILL 34 WELLS.FRONTERA ENERGY - IN 2019, COMPANY IS PLANNING TO DRILL UP TO 10 EXPLORATION WELLS THAT WILL APPRAISE RECENT NEW DISCOVERIES OR TARGET NEW PROSPECTS.FRONTERA ENERGY - COMPANY REMAINS ON TRACK TO DELIVER ANNUAL PRODUCTION AT OR CLOSE TO LOW END OF GUIDANCE RANGE OF 65,000 TO 70,000 BOE/D.FRONTERA ENERGY - CURRENT PRODUCTION AFTER ROYALTIES IS ABOVE 65,000 BOE/D AND IS EXPECTED TO INCREASE THROUGHOUT Q4.FRONTERA ENERGY - IFC & RELATED FUNDS HAVE PROVIDED NOTICE TO CO THAT THEY HAVE EXERCISED A CERTAIN RIGHT UNDER PACIFIC MIDSTREAM SHAREHOLDERS AGREEMENT.FRONTERA ENERGY - RIGHT UNDER THE PACIFIC MIDSTREAM SHAREHOLDERS AGREEMENT IS TO RECEIVE WITHOUT FURTHER PAYMENT ADDITIONAL SHARES IN PML.FRONTERA ENERGY - UPON ISSUANCE OF ADDITIONAL PML SHARES TO IFC, FRONTERA WILL BE A 59.93% SHAREHOLDER IN PML (PREVIOUSLY 63.64%).FRONTERA ENERGY - UPON ISSUANCE OF ADDITIONAL PML SHARES TO IFC, IFC WILL HOLD REMAINING 40.07% INTEREST IN PML (PREVIOUSLY 36.36%).  Full Article

Frontera Sees 2018 Average Annual Net Production After Royalties 65,000 boe/d To 70,000 boe/d
Wednesday, 28 Mar 2018 

March 28 (Reuters) - Frontera Energy Corp ::FRONTERA PROVIDES Q1 2018 OPERATIONAL UPDATE AND 2018 OUTLOOK AND GUIDANCE INFORMATION.FRONTERA ENERGY CORP SEES 2018 AVERAGE ANNUAL NET PRODUCTION AFTER ROYALTIES 65,000 BOE/D TO 70,000 BOE/D.FRONTERA ENERGY CORP SEES 2018 TOTAL CAPITAL EXPENDITURE BUDGET $450 MILLION - $500 MILLION.FRONTERA ENERGY CORP - APPOINTMENT OF INDEPENDENT BOARD MEMBER RICHARD HERBERT AS CEO, EFFECTIVE APRIL 2, 2018.FRONTERA ENERGY CORP - SEES 2018 PRODUCTION COST $12.00/BOE TO $14.00/BOE.FRONTERA ENERGY CORP - HERBERT WILL REPLACE BARRY LARSON AS CEO.FRONTERA ENERGY CORP - EFFECTIVE APRIL 2, 2018, DAVID DYCK WILL JOIN COMPANY AS CHIEF FINANCIAL OFFICER.FRONTERA ENERGY CORP - SEES 2018 TRANSPORTATION COST $12.50/BOE TO $14.50/BOE.FRONTERA ENERGY CORP - CONCURRENT WITH HIS APPOINTMENT AS CEO, HERBERT HAS STEPPED DOWN FROM HIS ROLE AS DIRECTOR.  Full Article

Frontera Qtrly Basic Loss Per Share $0.65
Wednesday, 28 Mar 2018 

March 28 (Reuters) - Frontera Energy Corp ::FRONTERA DELIVERS STRONG FOURTH QUARTER AND 2017 RESULTS AND PROVIDES UPDATE ON RESERVES.IN QUARTER, COMPANY MET OR EXCEEDED ITS 2017 GUIDANCE TARGETS, WITH EXIT RATE PRODUCTION OF 71,015 BOE/D.FRONTERA ENERGY - QTRLY BASIC LOSS PER SHARE $0.65.QTRLY TOTAL OIL AND LIQUIDS PRODUCTION 59,131 BBL/D VERSUS 65,641 BBL/D IN Q3.QTRLY TOTAL NATURAL GAS PRODUCTION 5,314 BOE/D VERSUS 5,427 BOE/D IN Q3.QTRLY TOTAL EQUIVALENT PRODUCTION 64,445 BOE/D VERSUS 71,068 BOE/D IN Q3.QTRLY TOTAL SALES 335 MILLION VERSUS 270 MILLION.Q4 EARNINGS PER SHARE VIEW $-0.60, REVENUE VIEW $301.7 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Frontera Energy Corp Says Richard Herbert Appointed To Board Of Directors
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Frontera Energy Corp ::FRONTERA ENERGY CORP - RICHARD HERBERT APPOINTED TO BOARD OF DIRECTORS.FRONTERA ENERGY CORP - BOARD HAS EXPANDED TO INCLUDE SEVEN MEMBERS, ALL OF WHOM ARE INDEPENDENT.FRONTERA ENERGY CORP - COMPANY EXPECTS TO ACHIEVE EXIT 2017 PRODUCTION GUIDANCE OF BETWEEN 70,000 AND 75,000 BOE/D.FRONTERA ENERGY CORP - COMPANY EXPECTS TO BE TOWARDS LOW END OF ITS CAPITAL EXPENDITURES GUIDANCE OF $250 TO $300 MILLION FOR 2017.  Full Article

Frontera Energy reports qtrly ‍basic loss per share of $2.82​
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Frontera Energy Corp : :Frontera announces third quarter 2017 results.Frontera Energy - ‍Q3 production, after royalties and internal consumption, of 71,068 BOE/D was essentially flat with Q2 production of 72,370 BOE/D​.Frontera Energy Corp - ‍Raising its guidance for 2017 operating ebitda for second time this year to $300 to $350 million​.Frontera Energy Corp - ‍Sales increased 3% to $307.1 million in Q3 compared with $299.5 million in Q2​.Frontera Energy - ‍guidance for 2017 exit production is unchanged at 70,000 to 75,000 barrels of oil equivalent per day​.Frontera Energy Corp qtrly ‍basic loss per share $2.82​.  Full Article

Frontera announces sale of Petroelectrica De Los Llanos for $56 mln
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Frontera Energy Corp ::Frontera announces the sale of Petroelectrica De Los Llanos for $56 million.Frontera Energy - ‍entered into deal to sell interest in Petroelectrica De Los Llanos to an affiliate of Eléctricas De Medellín - Ingeniería Y S.A.S​.  Full Article

Frontera announces the signing of an agreement for the strategic acquisition of Pacific Midstream Ltd
Monday, 16 Oct 2017 

Oct 16 (Reuters) - Frontera Energy Corp :Frontera announces the signing of an agreement for the strategic acquisition of Pacific Midstream Ltd.Frontera Energy Corp - ‍consideration for acquisition will be $225 million in cash​.Frontera Energy Corp - ‍signed an agreement to acquire outstanding 36.36 percent ownership of Pacific Midstream Limited​.Frontera Energy Corp - ‍enters agreement with International Finance Corporation and funds related to International Finance Corporation​.Frontera energy corp - ‍following acquisition, Frontera will own 100 percent of PML.  Full Article

Frontera Q2 basic loss per share $1.03
Thursday, 10 Aug 2017 

Aug 9 (Reuters) - Frontera Energy Corp :Frontera announces second quarter 2017 results.Increasing 2017 operating ebitda guidance by 10% to $275 to $300 million.Qtrly revenue totalled $299.5 million compared with $316.6 million in prior quarter.Qtrly basic loss per share $1.03.Qtrly net production 72,370 boe/d versus 127,951 boe/d.Reducing 2017 capex guidance by 21% to $250 to $300 million.Reducing 2017 production exit guidance by 12% to 70,000 boe/d to 75,000 boe/d.  Full Article

Pacific Exploration & Production ‍changes corporate name to Frontera Energy ​
Monday, 12 Jun 2017 

June 12 (Reuters) - Pacific Exploration & Production Corp ::Pacific Exploration & Production Corp - ‍changed its corporate name to Frontera Energy Corporation​.Pacific Exploration & Production says its shares expected to commence trading on Toronto Stock Exchange under new name and ticker symbol TSX:FEC on June 14​.  Full Article

Gran Tierra, Frontera-GeoPark consortium win Ecuador oil contracts

QUITO, April 10 Oil companies including Gran Tierra Energy, Frontera and Geopark have won bids to develop seven little-explored blocks with potentially high reserves in Ecuador, the country's energy ministry said on Wednesday.