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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

Post by drunk@noonon Oct 26, 2023 4:49pm
162 Views
Post# 35703027

Hess (know taken over) has a decade worth of wells to drill

Hess (know taken over) has a decade worth of wells to drillon their G properties. No need to aqjuire any more.  Their plate is full and post aquisition their are a whole lot of plays battling for capital to develope them. And guess what incremental  money can be turned to cash very quicly by allocating it towards the Permian rather than adding to their G offshore portfolio which already requires an outsized amount of capital. So why instead of putting an additional dollar towards the permian, would they be interested in some unproven resources that may be developed, what, 10? 12? years down the road once their other guyana wells are drilled.
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