Frontera Energy Corp (OTC) (TSE:FEC) has released an update.
Frontera Energy Corporation reported mixed first-quarter 2024 results with a net loss of $8.5 million, despite generating an operating EBITDA of $97.2 million and an adjusted infrastructure EBITDA of $25.7 million. Production faced challenges, with an average daily output of 38,193 Boe/d due to issues in light and medium oil operations; however, the company saw a record production at CPE-6 and declared a quarterly dividend of CAD$0.0625 per share. The company also announced a strategic review of its infrastructure business and was recognized as one of the world’s most ethical companies for the fourth time.
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