These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. May 6, 2020. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. A replay of the conference call will be available until 11:59 p.m. (EST /GMT-5) Thursday, November 12, 2020 . Richard Herbert , Chief Executive Officer of Frontera, commented: "We are excited that the first well with our partner Parex in the Lower Magdalena Valley has been a success. Frontera is committed to conducting business safely, in a socially and environmentally responsible manner. By providing my email, I consent to receiving investment related electronic messages from Stockhouse. Assuming a flat Brent oil price of $30.00 /bbl, the current value of the hedge position is approximately $77 million . Analyst and investors are invited to participate using the following dial-in numbers: Our investment priorities will be essential well workovers and critical maintenance until market conditions improve and prices have recovered. 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 . The Company's strategy is focused on sustainable growth in production and reserves. A boe conversion ratio of cubic feet to barrels is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Boe may be misleading, particularly if used in isolation.
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. In addition, reported production levels may not be reflective of sustainable production rates and future production rates may differ materially from the production rates reflected in this news release due to, among other factors, difficulties or interruptions encountered during the production of hydrocarbons. The Company has a diversified portfolio of assets with interests in more than 40 exploration and production blocks in Colombia , Peru , Ecuador and Guyana . Documents 3. In connection with these cost savings initiatives, and in an effort to streamline the organization, including the executive team, David Dyck is stepping down as Chief Financial Officer, effective March 31, 2020 . 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 expected production levels, development and drilling plans, (including timing and projected production levels), the Company's exploration and development plans and objectives, and the timing and expectations regarding the Company's programs) are forward-looking statements. Encouraging Colombian Exploration and Development Activity and New Acreage. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Boe may be misleading, particularly if used in isolation. The Company's strategy is focused on sustainable growth in production and reserves.

Cookies are used to offer you a better browsing experience and to analyze our traffic. As a result, readers are cautioned not to place reliance on such rates in calculating the aggregate production for the Company or that such rates are indicative of future performance of the well. © Copyright 2020 The Globe and Mail Inc. All rights reserved. The Company has a diversified portfolio of assets with interests in more than 40 exploration and production blocks in Colombia , Peru , Ecuador and Guyana . Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. 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. 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. TORONTO , Feb. 6, 2020 /PRNewswire/ - Frontera Energy Corporation (TSX: FEC) (" Frontera " or the " Company ") today provided an exploration update in relation to prospects in Colombia in the Lower Magdalena Valley, including its exploration joint venture with Parex Resources Inc. (TSX: PXT) ("Parex") involving the VIM-1 block. As a first step, planned 2020 capital expenditures are being reduced by around 60%, focusing on activities that generate positive cash returns at current oil prices. On behalf of the Board, I welcome Alejandro Piñeros to the role of CFO. Copyright © 2020. 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 term "boe" is used in this news release. 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. Focus on Maintaining a Strong Cash Position with Reduced 2020 Capital Plan and Acceleration of Cost Savings Initiatives, Announces Streamlining of Senior Management Team, Hedged Over 45% of 2020 Production at Prices Significantly Above the Current Market.

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