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 > Guyana’s Corentyne Block has returned to state hands

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Post by kcac1on Aug 17, 2024 6:38pm

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Post# 36184500

Guyana’s Corentyne Block has returned to state hands

Looks to me that $6 to $700 Mil or more in total over past 2 decades has been squandered in Guyana by de Alba who has had total control over the Guyana CGX/FEC exploration for at least the last 5 years. So much for his BS of wanting to enhance shareholder value. It appears that almost all of the companies he has been involved with in the last decade has had its value diminshed. His Business motto should be "We buy distressed assets and make things even worse for them and investors".

see link below:

Corentyne Block with the State; gov’t in no hurry to consider next steps for CGX – Bharrat | OilNOW

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