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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 Oregonduckon Mar 29, 2018 10:52pm
267 Views
Post# 27806917

Its All Over

Its All Over
Heretofore, no lawyers would touch this case since no fraud could be proven. It was just a buisness loss with hundreds of other oil and gas companies filing for bankruptcies after crude oil dropped from $100 to $20. Pacific E & P owed $billions and couldn't pay its debts. End of story.

The Statute of Limitation shall expire on April 27, 2018. Shareholders will be time-barred from commencement of any lawsuit.

In order to proceed under the Class Action Act, leave (i.e. permission) must first be approved by the Ontario court to commence such class lawsuit prior to the expiration of the above deadline.

Pacific E & P (PRE) and its subsidiaries are all defunct companies and operations wound down. FEC has emerged as a new company exiting out of the CCAA proceedings and has nothing to do with the former PRE company. Former shareholders cannot squeeze blood from stone even if they win because there are no assets left.

Forget it. It's too late.

Bullboard Posts