RY 169.88 -1.0542% SHOP 144.59 -0.959% TD 77.85 -0.1667% ENB 59.62 -0.5505% BN 78.53 -0.971% TRI 223.92 -0.2495% CNQ 47.03 -0.0213% CP 102.49 -0.5627% CNR 147.77 -0.8787% BMO 131.32 -0.0685% BNS 78.4 0.0255% CSU 4463.7002 0.6222% CM 90.42 0.6344% MFC 44.91 -1.3184% ATD 77.0 -0.7604% NGT 60.01 -0.4149% TRP 68.0 -2.2989% SU 56.965 -0.4282% WCN 260.14 -0.653% L 176.45 0.7135%
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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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