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Canadian oil company Frontera Energy Corporation will split its stock this year, issues a two-for-one share split on June 26.

Following an initial eight-month term, the credit facility is expected to be extended to two years “upon satisfaction of certain extension conditions."

Despite high oil prices, Frontera realized just $249.5 million USD in sales in the quarter compared to $316.6 million USD in the first quarter of 2017.

“His depth of experience and extensive network...will be valuable as we continue to execute our business plan."

Canada, Australia, Singapore, and New Zealand have been negotiating to become an associate member, a goal also shared by South Korea.

"Our current reserves and resources are just a tip of the iceberg of what's to come," says Ari Sussman, CEO of Continental Gold

Garnero will remain involved with the company in an advisory capacity and his son, Mario Bernardo Garnero, will fill his seat on the board.

PentaNova Energy has an 80% “beneficial working interest” in the Maria Conchita block.

McAllister will remain in the position through March 9. Alejandro Piñeros will fulfill CFO responsibilities until a permanent replacement is appointed

Frontera Energy this week suspended operations at a site in Casanare in response to violence, intimidation, and threats.