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.

TSX:FEC - Post by User

Frontera Energy Corp > Is my math correct?

<< Previous

Bullboard Posts

Next >>

Comment by CPFStocks1on Oct 18, 2024 12:50pm

57 Views

Post# 36271907

RE:Is my math correct?

A total of 3 investors have a majority stake in the company with 53% ownership.

So this would indicate that with 84.19M shares outstanding they tendered 44.62M shares and sold 4.35% 1.94M shares @$4.00 CDN = $7.76M CDN for their investors.

For a company that is supposed to have $180.66M cash on hand (from Yahoo) why would they do this??

<< Previous

Bullboard Posts

Next >>

E3 inches closer to Alberta's first lithium production plant