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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

Comment by kcac1on Jan 16, 2023 10:32am
115 Views
Post# 35225503

RE:RE:RE:RE:RE:RE:What happens to OYL shares if FEC is sold intact after Wei?

RE:RE:RE:RE:RE:RE:What happens to OYL shares if FEC is sold intact after Wei?You are talking a huge hassle with so many moving parts to break up and sell. You have multiple companies some public some private in play with multiple owners, many companies have not even been mentioned but most are not owned 100% by FEC including the portbut the own almost all of it. Puerta Bahia is discretely embedded in FEC which I think CNNOC has had its eye on for years. I doubt the US would like China owning a Port so stategicly located.  The sale of a small Canadian Oil company might allow the embedded Port Sale to go unnoticed at least until the deal is closed.  You have Joint Venture Partners in various concessions in various countries to deal with. You have to get approvals from each regulating body involved as well as the stock exchanges involved. It would take years and tens of milllions in legal fees for who knows how many contracts that would have to been written to break up FEC and sell the parts. Adding far far more headaches to CC who already is spending huge sums in legal fees in their current legal battles.  IF Wei is a big sucess in that location in this time period, to get Wei I would hope de Alba would just say the only way you get the Guyana concession is to buy the entire company. Far far simpler and could be done in months not years. How many holders of FEC would be holders without the chance of big money coming from this one Wei well?   Didn't PRE (renamed and now FEC) already own a substantial amount of CGX shares when it went broke and was acquired by the CC group and other venture capitalists? 


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