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Arrow Exploration will bring in $5 million USD by selling a 46.9% interest in what it refers to as the the "deeper section" of the block and a 20% interest in the "shallow section."

"This joint venture forms an important part of Frontera's plans to build growth for the future,” said Gabriel de Alba, chairman of the board of directors of Frontera Energy.

Multiple teenage players were killed in the accident as well as one three-year-old boy, according to Colombian newspaper El Tiempo.

"The increase in the stand-alone credit profile is a recognition of the company's stable operating performance," stated Ecopetrol.

Frontera Energy had been producing an average of roughly 8,950 barrels of oil per day from Block 192.

The expansion has included new stores in Cartagena and Barranquilla on the Caribbean coast in addition to the October launch of a location in Bogotá's Andino mall.

The put options will be in force from December 4-28, according to the Bogotá-based Banco de la República. 

A lot has changed in the country’s underworld since the fall of one of the world’s most legendary criminals.

The move comes 18 months after Cargill purchased Pollos Bucanero in June 2017, indicating Cargill’s significant interest in the Colombian market.

In mid-November, the Banco de la República forecasted inflation to end both 2018 and 2019 at 3.3%.