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Frontera Announces an Update on Block 192 in Peru
Frontera Announces an Update on Block 192 in Peru Canada NewsWire TORONTO, March...
About this update from Frontera Energy Corporation
[{"type":"text","content":"\n\n\n\nFrontera Announces an Update on Block 192 in Peru\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, March 9, 2020\n\n\n\nTORONTO, March 9, 2020 /CNW/ - Frontera Energy Corporation (TSX: FEC) (\"Frontera\" or the \"Company\") announces an update on Block 192 in Peru (the \"Block\").\nFollowing the grant of a six-month contract extension on the Block, force majeure has been declared and accepted by Perupetro S.A. as a result of a community blockade which has impacted the power supply to the operations within the Block. It is the Company's understanding that the blockade is related to the short-term contract extension and the prior consultation process related to a new long-term contract on the Block. The period of force majeure will be added to the end of the short-term contract. It is uncertain as to when the force majeure will be lifted. All production needed for the delivery of Peruvian cargoes for the first quarter of 2020 have been delivered to the port of Bayovar. So far in 2020 production from the Block has averaged 7,100 bbl/d.\nAbout Frontera:\nFrontera Energy Corporation is a Canadian public company and a leading explorer and producer of crude oil and natural gas, with operations focused in South America. The Company has a diversified portfolio of assets with interests in more than 40 exploration and production blocks in Colombia, Peru, Ecuador and Guyana. The Company's strategy is focused on sustainable growth in production and reserves. Frontera is committed to conducting business safely, in a socially and environmentally responsible manner. Frontera's common shares trade on the Toronto Stock Exchange under the ticker symbol \"FEC\".\nIf you would like to receive News Releases via e-mail as soon as they are published, please subscribe here: http://fronteraenergy.mediaroom.com/subscribe.\nAdvisories:\nCautionary Note Concerning Forward-Looking Statements\nThis news release contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that ...