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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 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 Announces Results Of Colombia Bid Round
Thursday, 27 Jun 2019 

June 27 (Reuters) - Frontera Energy Corp ::FRONTERA ANNOUNCES RESULTS OF COLOMBIA BID ROUND.FRONTERA ENERGY CORP - WAS AWARDED LLANOS-99 BLOCK IN COLOMBIA FOLLOWING SUCCESSFUL AGENCIA NACIONAL DE HIDROCARBUROS BID ROUND.  Full Article

Frontera Reports Q1 Results
Thursday, 9 May 2019 

May 9 (Reuters) - Frontera Energy Corp ::FRONTERA ANNOUNCES STRONG FIRST QUARTER 2019 RESULTS.QTRLY EARNINGS PER SHARE $0.47.QTRLY PRODUCTION AVERAGED 67,974 BOE/D, A DECREASE OF 5% COMPARED TO Q4 OF 2018.QTRLY COLOMBIA PRODUCTION INCREASED 4% COMPARED TO Q4 OF 2018.OPERATING NETBACK DURING Q1 WAS $30.23/BOE, 28% HIGHER THAN IN Q4 OF 2018.QTRLY PRODUCTION COSTS OF $70 MILLION WERE 17% LOWER THAN Q4 OF 2018.QTRLY TRANSPORTATION COSTS OF $72 MILLION WERE 5% LOWER THAN BOTH Q4 OF 2018 AND Q1 OF 2018.QTRLY REVENUE $378 MILLION VERSUS $284 MILLION.BRENT OIL BENCHMARK PRICE AVERAGED $63.83/BBL DURING Q1 VERSUS $68.60/BBL IN Q4 2018.FRONTERA ENERGY - REITERATES ANNUAL GUIDANCE METRICS FOR PRODUCTION BETWEEN 65,000 TO 70,000 BOE/D.ALSO REITERATES ANNUAL GUIDANCE METRICS FOR OPERATING EBITDA AND CAPITAL EXPENDITURES.Q1 EARNINGS PER SHARE VIEW $0.39, REVENUE VIEW $402.5 MILLION -- REFINITIV IBES DATA.  Full Article

Cgx Energy And Frontera Energy Receive Approval Of Strategic Joint Venture From The Government Of The Cooperative Republic Of Guyana
Friday, 3 May 2019 

May 3 (Reuters) - Frontera Energy Corp ::CGX ENERGY AND FRONTERA ENERGY RECEIVE APPROVAL OF STRATEGIC JOINT VENTURE FROM THE GOVERNMENT OF THE COOPERATIVE REPUBLIC OF GUYANA.FRONTERA ENERGY CORP - GUYANA APPROVED FARM-IN AGREEMENT COVERING TWO SHALLOW WATER OFFSHORE PETROLEUM PROSPECTING LICENSES IN GUYANA.  Full Article

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

Colombia grants oil contracts for 10 blocks, one pending

BOGOTA, June 26 Colombia accepted bids from six companies for 10 oil contracts on Wednesday, after just one block received a counter-offer during a bidding process meant to revitalize its long-stagnant oil sector.