RY 174.39 2.4016% SHOP 149.115 2.5974% TD-PFM 24.63 -0.0811% TD-PFL 24.7 0.2028% TD 78.325 0.1214% ENB 60.6 1.3039% BN 80.4 1.9787% TRI 226.27 0.7525% CNQ 48.285 2.2771% CP 104.53 1.6038% CNR 151.74 1.5459% BMO 132.69 0.9203% BNS 78.845 0.1715% CSU 4600.2002 2.157% CM 91.15 0.474% MFC 45.79 1.6878% ATD 78.38 1.5285% NGT 60.14 0.0499% TRP 70.15 1.977% SU 57.44 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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