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Frontera Energy Corp (FEC.TO)

FEC.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Frontera Announces Operational Update
Monday, 22 Jan 2018 

Jan 22 (Reuters) - Frontera Energy Corp ::FRONTERA ANNOUNCES OPERATIONAL UPDATE.FRONTERA ENERGY CORP - ‍ ACHIEVED EXIT RATE PRODUCTION, AFTER ROYALTIES AND INTERNAL CONSUMPTION, OF 71,015 BOE/D AS OF DECEMBER 31, 2017​.FRONTERA ENERGY CORP - ‍EXPECTS TO DELIVER AVERAGE Q1 2018 PRODUCTION OF 70,000 TO 72,000 BOE/D, AFTER ROYALTIES AND INTERNAL CONSUMPTION​.FRONTERA ENERGY CORP - ‍EXPECTS TO HAVE AT LEAST NINE ACTIVE RIGS OPERATING THROUGHOUT Q1 OF 2018​.FRONTERA ENERGY CORP - ‍ANTICIPATES DRILLING, OR TO COMMENCE DRILLING, BETWEEN 40 AND 50 WELLS DURING Q1​.  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

Pacific announces receipt of recognition order from U.S. Bankruptcy Court
Tuesday, 11 Oct 2016 

Pacific Exploration and Production Corp: Pacific announces receipt of recognition order from u.s. Bankruptcy court and provides an update on status of its restructuring transaction . Closing of creditor/catalyst restructuring expected to occur on or before Oct. 24 . Share or cash distributions under plan as set out in co's news release of September 26, 2016 remain unchanged .All of conditions precedent to completion of creditor/catalyst restructuring transaction have been satisfied.  Full Article

Pacific Exploration And Production announces court order sanctioning its restructuring transaction
Wednesday, 24 Aug 2016 

Pacific Exploration And Production Corp [PEGFQ.PK] : Announces court order sanctioning its restructuring transaction .Anticipates implementing plan, completing creditor restructuring transaction late in Q3 or early in Q4 2016.  Full Article

Pacific Exploration & Production says provides summary of alternative proposal
Friday, 19 Aug 2016 

Pacific Exploration And Production Corp : On august 16, 2016, co received a proposal with respect to an alternative transaction . Proponent's proposal was not solicited by co nor has co had any discussions with any of its proponents . Is in process of reviewing the proponent's proposal; no decision regarding the proponent's proposal has been made . Proposal offers $575 million in dip financing, of which $325 million to be provided by roponent and rest by dip providers .Does not intend to make further comment on proponent's proposal until it announces conclusion on such proposal.  Full Article

Pacific Exploration announces creditor approval of restructuring plan
Thursday, 18 Aug 2016 

Pacific Exploration And Production Corp : Resolution approving plan pursuant to co' creditors arrangement act approved by 98.4% in number of affected creditors .Pacific announces creditor approval of restructuring plan.  Full Article

Pacific Exploration files meeting materials for creditors' meeting on Aug 17
Wednesday, 13 Jul 2016 

Pacific Exploration And Production : Pacific exploration and production corp says files meeting materials for creditors' meeting to be held on august 17 .Restructuring transaction has support from supporting creditors holding about 79% of aggregate affected claims of noteholders and lenders.  Full Article

Frontera Energy names new CEO, will double investment in Colombia, Peru

BOGOTA, April 2 Canada's Frontera Energy Corp named a new chief executive on Monday, and said it plans to more than double its investment in operations in Colombia and Peru during 2018, to up to $500 million.