Frontera Energy Corp T.FEC

PRE Management Performance !!!

[Dell1]

Just to bring to your attention people here what management is doing intentionally from my observations:

1. Stopped paying on loans to Note holders and Banks since last December

2.From The Q4, what they have done is the following: (I will copy and paste from official PRE release)

• Total proven plus probable certified net reserves after royalties were 290.8 million boe as at Dec. 31, 2015, 43 per cent lower compared with 510.9 million boe as at Dec. 31, 2014. Proven reserves (1P) were 197.8 million boe as at Dec. 31, 2015, compared with 315.0 million boe as at Dec. 31, 2014. The decrease in 2P reserves was primarily attributable to economic factors and technical revisions.

 I believe that was done intentionally to write off so much P1 and P2 reserves. The could blame on relinquishing Rubiales back to Eco Petrol. There is one more crazy thing they have done to scare the sh*t out of potential BUY OUT institutions by releasing one more thing:

• Net loss for the year was $5,462-million, largely due to the $4,907-million non-cash impairment charge taken mainly on oil and gas assets and exploration expenses, reflecting the significant decline in crude oil prices. It is important to highlight that this impairment is required by international-financial-reporting-standard accounting rules and can be reversed in whole or in part once market conditions improves with a better oil price trend.

3. PRE Management arranged so called "Independent committee" bringing friend and buddies to form a committee that will be considering deals that are favoring management. Catalyst is the most popular example that shows how management will inherit as an incentive (based on performance) that they are doing right now !!!!

What is written above is just my observations and my personal opinion.

Dell1