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Frontera Energy repurchased up to $42M CAD shares at $12 CAD each, concluding its substantial issuer bid on Jan 24, 2025.

The new Amrop Colombia will serve clients from the country's key economic sectors, including oil & gas, logistics, mining, agriculture & food processing, consumer products & services, and manufacturing.

Pearl was the country’s Environment Minister in 2011 where he led plans for the country to adapt to climate change, and was also High Commissioner for Peace, where he negotiated with guerilla groups ELN and FARC.

"It is important for investors to be able to distinguish between the signal and the noise when it comes to Petro and judging by the market reaction, they still don't have a good read on the government."

"Nothing is more hypocritical than the calls to save the rainforest." - Gustavo Petro, President of Colombia

The oil spill has threatened a nearby stream that feeds into an aqueduct relied upon by some 3,500 locals in Guamalito.

Ecopetrol holds a 50% interest in the Magdalena Middle Valley's Boranda-1 well, which is operated and 50% controlled by Canadian exploration company Parex.

The outlook upgrade reflects a sound financial position and Ecopetrol's ability to respond to a high volatility oil price environment.

The 40-year industry veteran will be based in Bogotá once he officially takes over the position on February 20.

The company spent around $2 million USD to drill this infill well to a total depth of nearly 8,500 feet in about two weeks.