Frontera Energy Corp T.FEC

Conference call….

[Frank007]

Thanks Kcac for your input....and yes I did know frontera is only one third owners ....what disturbers me about the money owed to frontera is only half was payed in the quarter and it was stated as dividened and return of capital ...curious the return of capital part ....also Christine's question about litigation to recover cgx and frontera investments...glossed over pretty quickly !

[kcac1]

Frank, I think the ODL pipeline declared an annual dividend paid for 2023 profit, to be paid over the course of 2024. The return of  of Capital Expenses or investment into the pipeline is not taxed, just like  tax credits from Cap Ex drilling a well can be subtracted from future profits. This is an incentive to entice companies to invest money into a country or industry and allows them

[kcac1]

From the Local paper.......Independent oversight oil body - Kaieteur News (kaieteurnewsonline.com). Isn't this the guy who is so anxious to screw CGX/FEC out of Northern Corentyne. It does not sound like the paper trusts him. It appears he is currently in a position of power that can personally benefit him. Lots of under the table bribes have been known to occur when you have unchecked power.