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Boe may be misleading, particularly if used in isolation. Frontera is committed to conducting business safely, in a socially and environmentally responsible manner. TORONTO , March 23, 2020 /PRNewswire/ - Frontera Energy Corporation (TSX: FEC) (" Frontera " or the " Company ") today announced responses to the lower oil price environment caused by excess global supply and the COVID-19 pandemic, which includes a reduction in the 2020 capital plan and acceleration of cost savings initiatives. TORONTO, Feb. 6, 2020 /PRNewswire/ - Frontera Energy Corporation (TSX: FEC) (" Frontera" or the " Company") today provided an exploration update in … Factors that could cause actual results or events to differ materially from current expectations include, among other things: production estimates and estimated economic return; uncertainties associated with estimating oil and natural gas reserves; failure to establish estimated resources or reserves; operating hazards and risks; volatility in market prices for oil and natural gas; the uncertainties involved in interpreting drilling results and other geological data; fluctuation in currency exchange rates; inflation; changes in equity markets; timing on receipt of government approvals; perceptions of the Company's prospects and the prospects of the oil and gas industry in Colombia and the other countries where the Company operates or has investments; and the other risks disclosed under the heading "Risk Factors" and elsewhere in the Company's annual information form dated March 13, 2019 filed on SEDAR at  www.sedar.com . Participants will include Gabriel de Alba , Chairman of the Board of Directors, Richard Herbert , Chief Executive Officer, Alejandro Piñeros , Chief Financial Officer and select members of the senior management team. The Company is also actively working to reduce production, transportation and G&A costs, and will provide further information on the results of those initiatives as the financial goals are achieved. Frontera Provides Notice of Second Quarter 2020 Financial Results and Conference Call. I have had the pleasure of working with David over the past two years and would like to personally thank him for his great efforts and support as we have continued with Frontera's transformation. FRONTERA ENERGY CORPORATION NEWS RELEASE FRONTERA ANNOUNCES OPERATIONAL UPDATE Exit Rate Guidance Achieved Accompanied by an Active First Quarter Drilling Campaign Toronto, Canada, January 22, 2018 – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company”) announces that it achieved exit rate production, after royalties and internal consumption, of Copyright © 2020. Frontera's common shares trade on the Toronto Stock Exchange under the ticker symbol "FEC". refer to "Boe Conversion" disclosure above, View original content: http://www.prnewswire.com/news-releases/frontera-announces-discovery-in-colombia-301000662.html. Get to Know the Eric Sprott-Funded Silver & Gold Exploration Co. ImagineAR Taps First Tube Media Founder to Help Launch AR Live Music Streaming, Naturally Splendid Secures Distributor in Western Canada, Q3 Report: Donlin Gold Strikes High Grade Intercepts, Organigram going all in on synthetic cannabinoid investment, Major Milestone: Labrador Gold Begins Drilling at Kingsway, Peak Positioning Scores Major Bid to Power Chinese Financial Centre, Grenke, Delivery Hero, Desert Gold: Momentum shares on hold, The StockTalk Cannabis Report: Oct. 23, 2020, Harvest Health & Recreation bumps bought deal offering to US$40M. Production guidance for 2020 does not include any volumes associated with production from the La Belleza well or the VIM-1 block. In this news release, boe has been expressed using the Colombian conversion standard of 5.7 Mcf: 1 bbl required by the Colombian Ministry of Mines and Energy. It is encouraging to start 2020 with exploration success, as we are targeting significant high impact exploration activities in Colombia , Ecuador and Guyana this year.". The Company's strategy is focused on sustainable growth in production and reserves. It is in this context that David Dyck is stepping down as Chief Financial Officer. Read our, http://fronteraenergy.mediaroom.com/subscribe, http://www.prnewswire.com/news-releases/frontera-announces-discovery-in-colombia-301000662.html. The Company is currently reducing planned 2020 capital expenditures by around 60% to a range of $130 to $150 million . The La Belleza-1 exploration well on the VIM-1 block (Frontera 50% WI, Parex 50% WI, operator) was drilled to a total depth of 11,680 feet. Frontera is implementing various initiatives to reduce capital costs and streamline the organization. Assuming a flat Brent oil price of $30.00 /bbl, the current value of the hedge position is approximately $77 million . View the. Documents 3. A total of 179 feet (155 feet total vertical depth) of potential hydrocarbon bearing reservoir was encountered in the Cienaga De Oro formation and drilling operations were stopped to allow testing of the open hole section. If you would like to receive News Releases via e-mail as soon as they are published, please subscribe here: http://fronteraenergy.mediaroom.com/subscribe . TORONTO, Jan. 15, 2019 /CNW/ - Frontera Energy Corporation (TSX: FEC) (" Frontera " or the " Company ") announces an operational update. View original content: http://www.prnewswire.com/news-releases/frontera-provides-notice-of-third-quarter-2020-financial-results-and-conference-call-301158285.html, Get the latest news and updates from Stockhouse on social media, Stockhouse.com use cookies on this site. Over the course of 2020 and beyond, Frontera will look to increase its natural gas production in the Lower Magdalena Valley where we have excess gas processing capacity at the La Creciente field. With these changes, revised average annual production in 2020 is expected to be in the range of 55,000 to 60,000 boe/d, a decrease of only 8% compared to 2020 guidance despite the significant decrease in capital expenditures. Consistent with the Company's long-time focus on disciplined investing, this revised capital plan has been developed with the goal of optimizing production while maximizing the cash balances of the Company during this period of lower oil prices. The flow rate during the final 24 hours of the test was 2,696 bbl/d and 11.8 mmcf/d of gas (4,766 boe/d combined) at an average watercut of 10%. For the period of March to December 2020 , the Company has, to date, hedged 7.31 million barrels with a combination of Brent oil price-linked purchased put options, zero cost collars, put spreads, and three-way collars. Gabriel de Alba , Chairman of the Board of Directors, said: "In light of the recent rapid decline in oil prices and the impact of the COVID-19 pandemic on the world economy, Frontera is taking swift and decisive measures to protect our people, balance sheet and cash flow in order to best position ourselves when we emerge from the current environment. TORONTO , Oct. 22, 2020 /CNW/ - Frontera Energy Corporation (TSX: FEC) (" Frontera " or the " Company ") announces that its third quarter results will be released after market on Wednesday, November 4, 2020 followed by a conference call for investors and analysts on Thursday, November 5, 2020 at 8:00 a.m. (MST) and 10:00 a.m. (EST /GMT-5). Our investment priorities will be essential well workovers and critical maintenance until market conditions improve and prices have recovered. By virtue of our strong capital discipline, we started this year with a robust cash position, which we are protecting through reduced capital expenditures, additional savings and efficiency improvements, thus managing the risk of an extended period of weaker commodity prices. http://fronteraenergy.mediaroom.com/subscribe, http://www.prnewswire.com/news-releases/frontera-provides-notice-of-third-quarter-2020-financial-results-and-conference-call-301158285.html, Stockhouse @ the Bell: North American markets fall with declining price for oil, Stockhouse @ the Bell: Markets endure stimulus concerns & tech losses, HSBC Bank Canada Third Quarter 2020 Results, Karnalyte Resources Inc. The Company has deliberately shut-in a number of wells that are not economic to operate at current prices and will monitor operations continuously to optimize cash generation. Frontera's common shares trade on the Toronto Stock Exchange under the ticker symbol "FEC". Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. By continuing to use our … Frontera Provides Notice of Third Quarter 2020 Financial Results and Conference Call Stockhouse.com use cookies on this site. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding estimates and/or assumptions in respect of the Company's capital expenditure program, production, cash flow and costs, future income generation capacity, the Company's exploration and development plans and objectives, including its drilling plans and the timing thereof, and cost savings initiatives) are forward-looking statements.

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