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Frontera Energy Corp (FEC.TO)

FEC.TO on Toronto Stock Exchange

17.29CAD
19 Oct 2018
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Latest Key Developments (Source: Significant Developments)

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

Frontera Energy Announces Termination Of Pacific Midstream Share Sale Agreement
Monday, 9 Jul 2018 

July 9 (Reuters) - Frontera Energy Corp ::FRONTERA ENERGY CORPORATION ANNOUNCES THE TERMINATION OF THE PACIFIC MIDSTREAM LIMITED SHARE SALE AGREEMENT.FRONTERA ENERGY CORP - TERMINATED ITS AGREEMENT TO PURCHASE 36.36 PCT OF PACIFIC MIDSTREAM LIMITED.FRONTERA ENERGY CORP - DOES NOT EXPECT TRANSACTION TO HAVE ANY IMPACT ON PREVIOUSLY DISCLOSED 2018 GUIDANCE METRICS.FRONTERA ENERGY CORP - AS A RESULT OF TERMINATION, CIO WILL BE REQUIRED TO PAY IFC A $5 MILLION BREAK FEE.FRONTERA ENERGY - WITH TERMINATION OF SHARE SALE DEAL, CO WILL CONTINUE TO BE A 63.64 PCT SHAREHOLDER IN PML, WITH IFC HOLDING REMAINING 36.36 PCT INTEREST.  Full Article

Frontera Announces Pricing Of U.S.$350 Mln At 9.70% Senior Unsecured Notes Offering
Wednesday, 20 Jun 2018 

June 20 (Reuters) - Frontera Energy Corp ::FRONTERA ANNOUNCES PRICING OF U.S.$350 MILLION AT 9.70% SENIOR UNSECURED NOTES OFFERING.  Full Article

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

EXCLUSIVE-Shell seeks to sell Venezuela JV stake to France's Maurel & Prom -sources

MEXICO CITY/CARACAS, Oct 11 Royal Dutch Shell Plc is negotiating the sale of its stake in a Venezuelan oil joint venture to Paris-based Maurel & Prom , three sources said this week, a move to scale down its crude business in the ailing OPEC-member country to focus on gas.