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Frontera Energy Corp T.FEC

Alternate Symbol(s):  FECCF

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

Bullboard Posts
Post by Zoolanders21on Mar 20, 2016 2:21pm
151 Views
Post# 24681048

Shareholder approval

Shareholder approvalThe financials are meaningless right now really it's all about the deal. So if management opts for a deal with bondholders or partial deal with bondholders for another loan and debt for equity swap or decides on accepting a full takeover bid  ... I am assuming they still will need shareholder approval and in that case I am assuming a simple majority is all they need correct? If they don't keep Bentancourt & Alpha happy they would need over 83% of all other shareholders to approve a deal. If they don't keep even just Bentancourt happy they would need over 63% approval. No deal is going to happen unless he approves it. All he has to do in the board meeting is say they will vote no with their board votes and shares. It carries more weight than just a simple board vote. For that reason alone I think we will get a deal that is somewhat good for shareholders. They will probably want to get this done sooner than later rather than waiting until the 11th hour before the extension expires March 31. GL Zoo    
Bullboard Posts