Frontera Energy Corp T.FEC

Alternate Symbol(s): FECCF

Energy Oil & Gas E&P

Frontera Energy Corporation is a Canada-based oil and gas company. The Company is involved in the exploration, development, production, transportation, storage, and sale of oil and natural gas in South America, including related investments in both upstream and midstream facilities. The Company has a diversified portfolio of assets with interests in 27 exploration and production blocks in Colombia, Ecuador, and Guyana, and pipeline and port facilities in Colombia. The Company’s segments include Colombia, Ecuador, Guyana, Midstream Colombia, and Canada & Others. Colombia includes all upstream business activities of exploration and production in Colombia. Ecuador includes all upstream business activities of exploration and production in Ecuador. Guyana includes exploration and infrastructure. Midstream Colombia includes the Company’s investments in pipelines, storage, port, and other facilities relating to the distribution and exportation of crude oil products in Colombia.

TSX:FEC - Post by User

Frontera Energy Corp

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Comment by Rocky7777on Mar 26, 2016 3:41pm

86 Views

Post# 24702137

RE:Debt/Asset Ratio - From 60% in Q3 to 140% in Q4 app.

Kopiasz wrote: As if Management telling Noteholders and Lenders - There is no way you guys are getting your money back - even if you were to sell everything (Assuming they were able to sell all assets at their book value -which is highly unlikely) - Maximum recovery would be $3.9B

As of Q3 - Revovery amount would have been almost $8B

What stark difference a quarter makes!

Kudos to Management: Terribly inflated numbers.

But does it aslo infer that managment is working closely with EIG and wanted to tell other lenders that EIG offer was their best option?

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