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.

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Frontera Energy Corp

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Comment by Zoolanders21on Mar 26, 2016 11:07pm

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Post# 24702538

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

One possible explanation of the huge write downs is the loss of the Rubiales field which accounts for 35% of production. These write downs started when EC notified PRE that they would not be extending the contract and are being expedited over the final 3 quarters it looks like. All of the plant and equipment, reserves etc... are being adjusted to account or this. it is the only reasonable explanation. Although they do seem even too large for just this to account for it. GL Zoo

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