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 > The Restructuring Plan

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Comment by SportyJon May 05, 2024 1:52pm

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Post# 36023954

RE:The Restructuring Plan

Kcac, the restructuring wasn't hidden (see Nov 9, 2023 NR). This restructuring was an admission by the BOD that Frontera's operating and administrative expenses needed to be brought in line so the company's financial metrics could be more favorably compared with its peers.

The 3 separate business segments you mention are not debt free. Maybe they are for segment reporting purposes but make no mistake; Frontera owes roughly $500m usd long term debt and all of Frontera's assets are collateral for said debt.

All imo.

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