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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 waitingstillon Sep 24, 2024 11:02pm
36 Views
Post# 36239587

RE:RE:RE:Ok, let's do an examples to determine which way Pro-Rate is

RE:RE:RE:Ok, let's do an examples to determine which way Pro-Rate is

You have to tender 100% of your shares to get the 4% filled. For example, if EVERY share was tendered (100%), then 4% will be filled at $12 and the rest returned. If 50% of the shares are tendered, then 8% of the shares will get filled at $12 and the rest returned.

After thinking about my previous statement, and seeing as there appears to be no drop dead date, they can not know how many shares you actually have so they must be determining the amounts based on what is tendered. If CC tenders all their shares like they state, then the MOST you can get is less than 8% based on CC and GM having more than 50% of the shares. But you have to tender 100% of your shares.
 

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