Recent events
Recent events tied to this brand in public sources.
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2021
Frontera acquires additional CGX Energy shares
Frontera Energy Corporation acquired 45,083,314 CGX Energy common shares in connection with CGX's rights offering, increasing its holdings to 257,475,469 common shares.
2021
CGX Energy completes US$19 million loan agreement with Frontera Energy
CGX Energy completed a US$19 million loan agreement with Frontera Energy. The release said the loan would enable CGX Energy to continue financing its share of costs related to the Corentyne, Demerara and Berbice blocks, the Berbice Deepwater Port, and other budgeted costs.
2021
Frontera announces CEO appointment
Frontera Energy Corporation announced the appointment of current director Orlando Cabrales Segovia as CEO, effective March 15, 2021, replacing Richard Herbert.
2021
Frontera provides 2021 guidance
Frontera provided its 2021 guidance, including forecast Colombian production of 40,500–42,500 boe/d and anticipated operating EBITDA of $275–$325 million.
2020
Frontera reduces headcount amid cost-cutting measures
Frontera said it had made significant headcount reductions as part of steps to reduce its 2020 general and administrative expenses.
2019
Frontera converts CGX bridge loan into shares
Frontera converted $8.8 million in principal outstanding under a bridge loan facility to CGX Energy into CGX common shares. Following the conversion, Frontera owned or controlled 72.51% of CGX's issued and outstanding shares.