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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 (
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