RY 144.17 0.4529% TD 77.39 0.0517% SHOP 78.87 -1.3878% CNR 171.64 0.5625% ENB 50.09 -0.4769% CP 110.62 0.6277% BMO 128.85 -0.548% TRI 233.58 1.1563% CNQ 103.29 -0.174% BN 60.87 -0.2295% ATD 75.6 -1.447% CSU 3697.0 1.1582% BNS 65.76 -0.3485% CM 66.6 -0.5525% SU 54.21 1.1569% TRP 53.15 0.3398% NGT 58.54 -0.3405% WCN 226.5 0.4123% MFC 35.905 0.9986% BCE 46.75 -0.5954%
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Frontera Energy (TSX: FEC): FY23 Results, Exploration Update, and Stock Performance
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Highlights
Canada-based Frontera Energy Corporation is involved in exploring, developing, and producing crude oil and natural gas reserves in South America. Recently, the company confirmed discovery of 228ft of net pay in Kawa-1 and 114ft of net pay in Wei-1 during Guyana Exploration, on North Corentyne.
The company’s adjusted infrastructure EBITDA stood at USD 120 million for the full year. Its ODL transported around 243,000 bbl/day, and secured EBITDA of USD 285 million in the reporting period.
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