RY 168.02 -0.2138% TD 84.54 0.583% SHOP 98.44 1.6522% CNR 161.44 -0.4686% ENB 55.37 0.7093% CP 117.35 -0.4074% BMO 116.29 0.5969% TRI 234.8 -0.5% CNQ 43.4 -2.0316% BN 67.06 0.8573% ATD 75.0 -1.1467% CSU 4286.48 0.3286% BNS 70.72 0.6834% CM 83.49 0.9675% SU 49.53 0.4462% TRP 63.27 1.1187% NGT 73.0 1.5299% WCN 252.39 -0.095% MFC 38.15 0.58% BCE 48.11 0.4594%
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Frontera (TSX:FEC) Targets 40,000-42,000 boe/d Production by the end of 2024
Image source: Company update
Highlights
Frontera Energy Corporation (TSX: FEC), based in Canada, specializes in the business of crude oil and natural gas production and exploration in South America.
In the second quarter of 2024 (Q2FY24), the company's net realised sales price improved to USD 72.85/boe, up from USD 70.80/boe in the previous quarter and significantly higher than USD 64.09/boe in the same period last year. This positive shift was largely driven by an increase in the Brent benchmark oil price and more favourable oil price differentials.
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