Business
FRONTERA ANNOUNCES DEFINITIVE AGREEMENT WITH GEOPARK TO DIVEST ITS COLOMBIAN E&P ASSETS PORTFOLIO FOR A FIRM VALUE OF $622 MILLION
Frontera Energy Corporation (TSX: FEC) ("Frontera" or the "Company") announces today that it has entered into a definitive agreement (the "Agreement") with Geopark Limited ("Geopark") for the divestment of Frontera Petroleum International Holdings B.V. for an equity value of up to $400 million (the "Transaction"), including $375 million payable upon closing and a $25 million contingent payment payable upon the achievement of certain development milestones, subject to customary closing adjustment
About this update from Frontera Energy Corporation
[{"type":"text","content":"FRONTERA RETAINS ITS INFRASTRUCTURE BUSINESS ANCHORED BY A STABLE DIVIDEND STREAM FROM ITS PARTICIPATION IN ODL AND ATTRACTIVE GROWTH PROFILE IN PUERTO BAHIA","length":162,"tagName":"p","attribs":{}},{"type":"text","content":"PROCEEDS FROM TRANSACTION TO DELIVER CASH TO SHAREHOLDERS AT CLOSING, WITH A FURTHER $25 MILLION CONTINGENT PAYMENT UPON ACHIEVEMENT OF SPECIFIED DEVELOPMENT MILESTONES","length":173,"tagName":"p","attribs":{}},{"type":"text","content":"Upon Completion of the Transaction and Proposed Return of Capital to Shareholders, Frontera's Multi-Year Value Creation Initiatives Will Have Delivered Approximately $1.1 Billion to Investors","length":200,"tagName":"p","attribs":{}},{"type":"text","content":"2028 Senior Unsecured Notes to Transfer to Geopark Upon Closing of the Transaction","length":82,"tagName":"p","attribs":{}},{"type":"text","content":"CALGARY, AB, Jan. 30, 2026 /CNW/ - Frontera Energy Corporation (TSX: FEC) ("Frontera" or the "Company") announces today that it has entered into a definitive agreement (the "Agreement") with Geopark Limited ("Geopark") for the divestment of Frontera Petroleum International Holdings B.V. for an equity value of up to $400 million (the "Transaction"), including $375 million payable upon closing and a $25 million contingent payment payable upon the achievement of certain development milestones, subject to customary closing adjustments. All financial amounts in this news release and in the Company's financial disclosures are in United States dollars, unless otherwise stated.","length":737,"tagName":"p"},{"type":"text","content":"As a result of the Transaction, Frontera will emerge as a focused infrastructure company, anchored by its standalone and growing portfolio of infrastructure assets (the "Infrastructure Business"), including ODL and Puerto Bahia, while also retaining its interests in Guyana and certain other non‑Colombian assets. This portfolio represents a strategic asset within Colombia's energy value chain and will form the backbone of Frontera's post‑transaction business, generating an estimated 2025 Distributable Cash Flow of approximately $77 million.","length":563,"tagName":"p"},{"type":"text","content":"Pursuant to the agreement, GeoPark will acquire 100% of Frontera&#...