Frontera board chair Gabriel de Alba called the discovery another positive development for the company's "potentially transformational investments in Guyana."
If the block proves to have the "significant potential" that the company expects, Frontera could upgrade its exploration license to the development phase.
"Companies, civil society and governments must continue to work together for the conservation and restoration of our forests," said Nicole Schwab, director of 1t.org.
Since the new Frontera emerged in November 2016, Frontera has made tremendous progress. The team has improved Frontera's performance and reputation, exited underperforming assets and agreements, driven down costs, and maintained a strong production and financial profile...
Petroleum producer Frontera Energy Corporation (TSX: FEC) last week announced responses to the lower oil price environment caused by excess global supply and the Coronavirus COVID-19 pandemic, including a reduction in the 2020 capital plan and acceleration of cost savings initiatives.
Frontera Energy Corporation (TSX: FEC) last week announced its full year 2020 capital plan and guidance information. According to the company, the 2020 plan and guidance has been developed with the following four key objectives: Delivering sustainable levels of production and...
Frontera Energy Corporation (TSX: FEC) has delivered estimated third quarter 2019 production of 70,200 boe/d (barrels of oil equivalent per day) in-line with 2019 year to date production of 70,820 boe/d, both of which are above the high end of Frontera’s annual production...