Acquisition to provide additional production and reserves, full operational and funding control Increased third quarter funds flow from operations from higher commodity prices and dedicated focus on managing
Acquisition to provide additional production and reserves, full operational and funding control Increased third quarter funds flow from operations from higher commodity prices and dedicated focus on managing
Frontera Announces 2020 Year End Reserves
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Extended Net 2P Reserves Life Index to 10.6 years in Colombia
2P Reserves Net Present Value (10% discount) of $1.888 billion Before Tax
Added 18.9 MMboe Net 2P reserves from Colombia fields
TORONTO, March 3, 2021 /PRNewswire/ - Frontera Energy Corporation (TSX: FEC) (
Frontera or the
Company ) today announced the results of its annual independent reserves assessment conducted by DeGolyer and MacNaughton (
D&M ). All dollar amounts in this news release and the Company s financial disclosures are in United States dollars, unless otherwise noted.
Richard Herbert, Chief Executive Officer, commented: In 2020, Frontera safely and efficiently added 30.6 MMboe Proved plus Probable (
Yangarra Announces 2020 Year End Financials, Operating Results and Reserves
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Yangarra Resources
Yangarra or the
Company ) (TSX: YGR) announces its financials, operating results and reserves for the year ended December 31, 2020.
2020 was a volatile year with many challenges for the oil & gas industry in North America. Yangarra quickly responded to COVID-19 in early 2020 by reducing the capital program to zero until August 2020. Although this resulted in a decline in production, the Company worked to streamline operations and internalize third-party capital expenditures. As a result, Yangarra achieved lower drilling & completion costs which it expects to maintain as industry activity ramps up. In 2021, the Company has embarked on several ESG initiatives to address methane emissions, is working on creating a stronger management structure and plans to diversify the board of directors by adding two new members.
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