All Road Blockades Have Been Lifted
The Company Anticipates Returning To
Pre-Blockade Production Levels in 14-21 Days
CALGARY,
AB, Feb. 8, 2023 /CNW/ - Frontera Energy
Corporation (TSX: FEC) ("Frontera" or the "Company")
announces that all blockades on the road from Puerto Gaitán to the
Rubiales village in the municipality of Puerto Gaitan, Meta Department, Colombia, have been lifted. The Company has
resumed transporting on-site inventory, rotating crews and
delivering supplies to its Quifa and CPE-6 operations. The Company
anticipates returning to pre-blockade production levels within
14-21 days.
The Company appreciates the support provided by local, regional,
and national authorities, other affected oil and gas companies in
the area, trade associations and communities to quickly and safely
resolve the blockades.
About Frontera
Frontera Energy Corporation is a Canadian public company
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 32
exploration and production blocks in Colombia, Ecuador and Guyana, and pipeline and port facilities in
Colombia. Frontera is committed to
conducting business safely and in a socially, environmentally, and
ethically responsible manner.
If you would like to receive News Releases via email as soon as
they are published, please subscribe here:
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Corporate Presentation
See Frontera's corporate
presentations at:
https://www.fronteraenergy.ca/reports-presentations/
Social Media
Follow Frontera's social media channels at the following
links:
Twitter: https://twitter.com/fronteraenergy?lang=en
Facebook: https://es-la.facebook.com/FronteraEnergy/
LinkedIn: https://co.linkedin.com/company/frontera-energy-corp.
Advisories
Cautionary Note Concerning Forward-Looking Statements
This news release contains forward-looking information within
the meaning of Canadian securities laws. Forward-looking
information relates to activities, events, or developments that the
Company believes, expects, or anticipates will or may occur in the
future. Forward-looking information in this news release includes,
without limitation, statements relating to the Company's resumption
of normal operations at Quifa and CPE-6 blocks and its expectations
that it will return to pre-blockade production levels within 14-21
days. All information other than historical fact is forward-looking
information.
Forward-looking information reflects the current
expectations, assumptions and beliefs of the Company based on
information currently available to it and considers the Company's
experience and its perception of historical trends, including
expectations and assumptions relating to: commodity prices and
interest and foreign exchange rates; the current and potential
impacts of the COVID-19 pandemic, actions of the Organization of
Petroleum Exporting Countries, the impact of the Russia-Ukraine conflict, and the expected impact of
measures that the Company has taken and continues to take in
response to these events; the performance of assets and equipment;
reforms that may be undertaken by the Government of Colombia; the availability and cost of labour,
services and infrastructure; the development and execution of
exploration and development projects; the receipt of any required
regulatory approvals and outcome of discussions with governmental
authorities; and the success of the Company's hedging
strategy.
Although the Company believes that the assumptions inherent
in the forward-looking information are reasonable, forward-looking
information is not a guarantee of future performance and
accordingly undue reliance should not be placed on such
information. Forward-looking information is subject to a number of
risks and uncertainties, some that are similar to other oil and gas
companies and some that are unique to the Company. The actual
results may differ materially from those expressed or implied by
the forward-looking information, and even if such actual results
are realized or substantially realized, there can be no assurance
that they will have the expected consequences to, or effects on,
the Company. The Company's annual information form dated
March 2, 2022, its annual
management's discussion and analysis for the year ended
December 31, 2021, and other
documents it files from time to time with securities regulatory
authorities describe the risks, uncertainties, material assumptions
and other factors that could influence actual results and such
factors are incorporated herein by reference. Copies of these
documents are available without charge by referring to the
Company's profile on SEDAR at www.sedar.com. All forward-looking
information speaks only as of the date on which it is made and,
except as may be required by applicable securities laws, the
Company disclaims any intent or obligation to update any
forward-looking information, whether as a result of new
information, future events or results or otherwise.
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content:https://www.prnewswire.com/news-releases/frontera-resumes-operations-at-quifa-and-cpe-6-blocks-301741865.html
SOURCE Frontera Energy Corporation