Recorded Full Year 2024 Net Loss of $24.2 Million and $116.7 Million in Income from Operations
Generated Full Year 2024 Operating EBITDA of $424 Million
Delivered On All 2024 Guidance Metrics, Including Annual Production of 40,288 Boe/d, Average Q4 2024 Production of 42,406 boe/d and Average Production Cost of $9.34/boe for 2024
Recorded 151.3 Million Boe 2P Gross Reserves and 100.6 Million Boe 1P Gross Reserves
1P Reserves Replacement Ratio for 2024 of 45%
2.5 Years PDP, 6.8 Years 1P and 10.3 2P Gross Reserve Life Index
$3.4 Billion 2P Net Present Value Before Tax Discounted at 10% as at December 2024
Generated Full Year Adjusted Infrastructure EBITDA of $107 Million and $55 Million Segment Income
ODL Declared $152 Million in Dividends ($53.3 million, Net to Frontera), a 100% 2024 Payout Ratio, Payable in 2025
Returned Over $180 Million to Shareholders Since 2022
Successfully Achieved 100% of its 2024 Sustainability Goals, Including Best Ever Total Recordable Incident Rate ("TRIR") Performance
Declared Quarterly Dividend of C$0.0625 Per Share, or $3.4 Million in Aggregate, Payable on or around April 16, 2025
Frontera Energy Corporation ("Frontera" or the "Company") reported financial and operational results for the fourth quarter and year ended December 31, 2024, announced the results of its annual independent reserves assessment conducted by DeGolyer and MacNaughton Corp ("D&M") and provided an operational update. All financial amounts in this news release and in the Company's financial disclosures are in United States dollars, unless otherwise stated. All of the Company's booked reserves for the year ended December 31, 2024, are located in Colombia and Ecuador.
Gabriel de Alba, Chairman of the Board of Directors, commented:
"2024 was another strong year for Frontera as the Company achieved all its key guidance targets while returning over $83 million to its shareholders from 2024 thru today.
The Company generated full year Operating EBITDA of $424 million, and closed the year with a strong balance sheet, including a $223 million cash position. Additionally, the Company reduced its total consolidated debt and lease liabilities by more than $30 million, including repurchasing $5 million of its 2028 Senior Unsecured Notes. Both S&P and Fitch reaffirmed Frontera's B+ and B credit rating, respectively, and stable outlook, highlighting the Company's sound credit quality, strong financial position, and industry-low leverage levels.
During the year, the Company's Infrastructure business generated $107 million of Adjusted Infrastructure EBITDA, and achieved several key milestones, including the announcement of a new LPG joint venture with Industrias Gasco and the construction of the Reficar connection, which is expected to be operational by the second quarter 2025. Importantly, Frontera's strategic review of its Infrastructure business is nearing conclusion, and the Company is analyzing various options and will communicate results in due course.
With respect to our Guyana business, the Company remains firmly of the view that its interests in, and the Petroleum Prospecting License for the Corentyne block offshore Guyana ("License") for the Corentyne block remain in place and in good standing, as the Petroleum Agreement has not been terminated. The Joint Venture is assessing all legal options available to it to assert its rights.
In January 2025, the Company repurchased an additional $30 million in common shares via another substantial issuer bid. Since 2022, the Company has returned over $180 million to its shareholders through normal course issuer bids, substantial issuer bids and dividends The Company will continue to consider future investor initiatives throughout the year, including potential additional dividends, distributions, or bond buybacks, based on the overall results of the business, oil prices, cash flow generation and the Company's strategic goals."
Orlando Cabrales, Chief Executive Officer (CEO), Frontera, commented:
"In 2024, we successfully executed our strategy generating positive results. Driven by successful drilling campaigns in the CPE-6 block, where we reached another record daily production level of almost 9,000 boe/d in the fourth quarter, and Sabanero which saw production increase to 2,384 boe/d in the fourth quarter, we delivered our production targets for the year. For the full year 2024, water processing volumes in SAARA averaged approximately 44,000 barrels of water per day, and during the fourth quarter, SAARA water processing volumes reached an average of 79,000 barrels of water per day. On the cost side, despite inflationary pressures, the Company achieved all its cost guidance targets, including production cost per boe, which averaged $9.34/boe due to strong cost controls.
Our strategy of value over volumes in our upstream Colombia and Ecuador business supported delivery of 100.6 million boe 1P and 151.3 million boe 2P gross reserves at year end 2024. The net present value of the Company's 2P reserves discounted at 10% before tax was $3.4 billion or $22.4/boe at December 31, 2024 and Frontera's NPV10 per boe grew by 4% year over year driven by our focus on operational efficiencies, optimization of development plans and reduced future development costs.
In our infrastructure business, ODL transported over 243,000 bbl/day while generating $274 million in full year EBITDA. Proportional to our 35% equity interest in the pipeline, we received over $60 million in capital distributions and our Adjusted Infrastructure EBITDA benefited from $96 million associated with ODL's EBITDA. Puerto Bahia generated approximately $15 million in operating EBITDA, supported by effective port operations cost controls. We look forward to commissioning and start-up of the Reficar Connection this year.
Importantly, we continue to sustainably achieve our operating objectives, achieving 100% of our 2024 sustainability goals, including restoring and preserving 769 hectares of land, achieving our best Total Recordable Incident Rate performance ever and being recognized for the fourth time as one of the world's most ethical companies by Ethisphere
Year-to-date 2025 production is approximately 40,400 barrels per day. The decrease from fourth quarter 2024 volumes is due to unexpected well failures within our Light and Medium assets occurring near the end of 2024. These issues are being addressed, and we remain confident in meeting our 2025 production guidance.
In 2025, our focus remains on executing our recently announced plan, delivering sustainable production, solid operational and financial results and enhancing investor returns."
Fourth Quarter and Full Year 2024 Operational and Financial Results:
The Company recorded a net loss of $29.4 million or $0.36/share in the fourth quarter of 2024, compared with a net income of $16.6 million or $0.20/share in the prior quarter and net income of $92.0 million or $1.08/share in the fourth quarter of 2023. For the year ended December 31, 2024, the Company reported net loss of $24.2 million, compared to net income of $193.5 million for the year ended December 31, 2023. Net loss for the fourth quarter included income tax expense of $33.4 million (including $36.5 million of deferred income tax expenses), finance expenses of $21.8 million, $8.9 million related to loss on risk management contracts, and foreign exchange loss of $1.8 million, partially offset by income from operations of $14.9 million (net of a non cash impairment expense of $30.1 million) and $13.2 million from share of income from associates.
Production averaged 42,406 boe/d in the fourth quarter of 2024, up 4% compared to 40,616 boe/d in the prior quarter and 39,267 boe/d in the fourth quarter of 2023. In 2024, Frontera's production averaged 40,288 boe/d, within the Company's guidance of 40,000 - 42,000 boe/d
Operating EBITDA was $113.5 million in the fourth quarter of 2024 compared to $103.2 million in the prior quarter and $121.0 million in the fourth quarter of 2023. The increase in Operating EBITDA compared to the prior quarter was mainly due to lower production costs (excluding energy costs) and transportation costs, partially offset by lower Brent oil prices and higher oil price differentials during the quarter. Frontera's average Brent oil price was $79.33 in 2024, generating $424.2 million of EBITDA within the Company's guidance range of $400 - $450 million (estimated at $80/bbl Brent).
Cash provided by operating activities in the fourth quarter of 2024 was $168.7 million, compared to $124.6 million in the prior quarter and $73.4 million in the fourth quarter of 2023.
The Company reported a total cash position of $222.8 million at December 31, 2024, compared to $240.3 million at September 30, 2024 and $190.0 million at December 31, 2023. The Company generated $510.0 million of cash from operations in 2024, compared to $411.8 million in 2023. During the year, the Company primarily invested $318 million of capital expenditures, and paid $74.8 million in net debt service payments, $4 million to repurchase senior notes and $50 million in shareholder distributions.
As at December 31, 2024, the Company had a total crude oil inventory balance of 1,029,466 bbls compared to 1,315,384 bbls at September 30, 2024. As of December 31, 2024, the Company had a total inventory balance in Colombia of 501,778 barrels, including 248,985 crude oil barrels and 252,793 barrels of diluent and others. This compares to 777,158 as of September 30, 2024, and 551,715 barrels as at December 31, 2023. The decrease in inventory balance was primarily due to higher sales during the quarter.
Capital expenditures were approximately $85.9 million in the fourth quarter of 2024, compared with $82.4 million in the prior quarter and $82.3 million in the fourth quarter of 2023. During the fourth quarter, the Company drilled 2 development wells at its Sabanero block. For the full year 2024, the Company drilled a total of 68 wells (including two injector wells) at the Quifa, CPE-6, Sabanero and Perico block, and executed capital expenditures of approximately $318 million within the Company's guidance of $272 - $335 million.
The Company's net sales realized price was $63.15/boe in the fourth quarter of 2024, compared to $66.70/boe in the prior quarter and $73.28/boe in the fourth quarter of 2023. The decrease in the Company's net sales realized price quarter over quarter was mainly driven by lower Brent benchmark oil prices, weaker oil price differentials and higher cost of diluent and oil purchased, partially offset by lower royalties and realized gains from oil price risk management contracts. The Company's net sales realized price in 2024 was $68.08/boe compared to $69.15/boe in 2023.
The Company's operating netback was $39.00/boe in the fourth quarter of 2024, compared with $40.59/boe in the prior quarter and $47.51/boe in the fourth quarter of 2023. The decrease was a result of lower net sales realized prices, partially offset by a decrease in production costs (excluding energy cost) and transportation cost. The Operating netback for the year ended December 31, 2024, was $42.24/boe, compared to $44.69/boe in 2023.
Production costs (excluding energy cost), net of realized FX hedge impact, averaged $7.66/boe in the fourth quarter of 2024, compared with $8.88/boe in the prior quarter and $9.69/boe in the fourth quarter of 2023. The decrease in production costs was driven by strong cost controls, higher production and reduced well intervention activities during the quarter.
Energy costs, net of realized FX hedging impacts, averaged $5.29/boe in the fourth quarter of 2024, compared to $5.11/boe in the prior quarter and up from $5.06/boe in the fourth quarter of 2023. The increase during the quarter was related to greater heavy crude oil production levels partially offset by fixed-price contracts signed during the year 2024.
Transportation costs, net of realized FX hedging impacts, averaged $11.20/boe in the fourth quarter of 2024, compared with $12.12/boe in the prior quarter and up from $11.02/boe in the fourth quarter of 2023. The decrease in transportation costs during the quarter was the result of lower volumes transported primarily attributed to improved domestic wellhead sales.
ODL volumes transported were 235,528 bbl/d during the fourth quarter of 2024, compared to 243,997 in the third quarter of 2024, the decreased was mainly due to lower production from Llanos 34 transported through the pipeline.
Total Puerto Bahia liquids volumes were 61,990 bbl/d during the fourth quarter compared to 46,964 bbl/d the third quarter of 2024. The increase in volumes during the quarter was related to improved waterway levels improving traffic flows into the port as well as additional volumes received from Ecopetrol.
Adjusted Infrastructure EBITDA in the fourth quarter of 2024 was $27.5 million, compared to $26.2 million in the third quarter 2024.
2024 Year End Reserves Evaluation
Frontera announced the results of its annual independent reserves assessment for the year ended December 31, 2024, conducted by D&M in accordance with the definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation Handbook maintained by the Society of Petroleum Evaluation Engineers (Calgary Chapter) (the "COGE Handbook"), National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101") and CSA Staff Notice 51-324, and are based on the Reserves Report (as defined below). All of the Company's booked reserves for the year ended December 31, 2024, are located in Colombia and Ecuador.
Key Highlights:
Added 2 MMboe of 2P gross reserves, for total Company 2P gross reserves of 151.3 MMboe consisting of 67% heavy crude oil, 21% light and medium crude oil, 9% conventional natural gas and 3% natural gas liquids, compared to 164.1 MMboe at December 31, 2023.
2024 year-end gross proved developed producing reserves are 36.7 MMboe and the proved developed producing reserves replacement ratio was 78%.
Delivered three-year average gross PDP, 1P and 2P Reserves Replacement Ratio of 111%, 60% and 40%, respectively.
Delivered a 1P gross reserves life index of 6.8 years compared to 7.3 years at December 31, 2023, and a 2P reserves life index of 10.3 years compared to 11.4 years at December 31, 2023.
The NPV of the Company's 2P reserves, discounted at 10% before tax, is $3.4 billion ($22.4/2P boe) at December 31, 2024, compared to $3.5 billion ($21.6/2P boe) at December 31, 2023. The small decrease in NPV10 for the 2P reserves is primarily due to the reserves decrease, however the NPV10 per boe increased by 4% driven by operational efficiencies, optimization of development plans and reduced future development costs.
Reduced the future development cost for 2P reserves by $228 million to $1 billion at December 31, 2024, compared to $1.25 billion at December 31, 2023. The reduction is primarily due to the Company's focus on sustained production, value over volumes and optimized development plans.
Frontera's Sustainability Strategy
Frontera successfully achieved 100% of its 2024 sustainability goals, marking the first milestone towards its 2028 goals.
On environmental achievements, the Company restored, protected and preserved 769 hectares of land, as well as recirculated 35.2% of its operational water and utilized 43.4% of generated waste.
Regarding the Company's social contributions, in health and safety, Frontera achieved its best Total Recordable Incident Rate ("TRIR") performance ever, with a 6% reduction compared to the previous year.
Following its fourth social investment lines, it invested approximately $4.1 million in social projects, benefiting 66,303 people near its operations, and increased local purchases from local contractors by 2% compared to last year.
As well in 2024, Frontera was ranked among the top 20 best companies to work in Colombia by Great Place to Work
On the governance front, the Company implemented an effective cybersecurity plan, maintaining a zero rate of material cybersecurity incidents. For the fourth consecutive time, Frontera during 2024 was recognized as one of the most ethical companies by Ethisphere.
Enhancing Shareholder Returns
The Company delivered on its commitment to return capital to shareholders. In total, the Company efforts have resulted in the returned of $83 million to its shareholders since 2024 including $15.1 million in dividends, $7.8 million in common shares repurchases through its normal course issuer bid ("NCIB") program, $31 million through its substantial issuer bid ("SIB") completed in October 2024 and an additional $30 million SIB completed in January 2025. Both SIB transactions achieved over 90% shareholder participation. The Company has also acquired $6 million in Senior Unsecured Notes achieving an average repurchase price of 80.15%.
Since 2022, the Company has returned over $180 million to its shareholders through normal course issuer bids, substantial issuer bids and dividends.
The Company continues to consider future investor initiatives in 2025, including potential additional dividends, distributions, or bond buybacks, based on the overall results of our businesses, oil prices, cash flow generation and the Company's strategic goals.
SIB: On September 4, 2024, the Company announced an SIB through which the Company bought back 3,375,000 shares for cancellation at a purchase price of CAD$12.00 per share for an aggregate cost of approximately $31 million. The offer expired on October 17, 2024, with a total of 77,565,602 shares validly tendered. Shareholders who tendered had approximately 4.35% of their shares purchased by the Company.
On December 16, 2024, the Company announced another SIB, through which the Company bought back 3,500,000 shares for cancellation at a purchase price of CAD$12.00 per share for an aggregate cost of approximately $30 million. The offer expired on January 24, 2025, with a total of 73,083,094 shares validly tendered. Shareholders who tendered had approximately 4.79% of their shares purchased by the Company.
NCIB: Under the Company's NCIB which commenced on November 21, 2023, and expired on November 20, 2024, Frontera was authorized to repurchase for cancellation up to 3,949,454 of its common shares. In 2024, the Company repurchased approximately 1,271,600 common shares for cancellation, or approximately 1.6% of its common shares, for $7.8 million.
Frontera also announces that the Company intends to file with the TSX a notice of intention to commence a normal course issuer bid for its Common Shares (the "NCIB"). Subject to the acceptance of the TSX, the Company would be permitted under the NCIB to purchase, for cancellation, up to that number of Common Shares equal to the greater of (a) 5% of the Company's issued and outstanding Common Shares, and (b) 10% of the Company's "public float" (as such term is defined in the TSX Company Manual), during the 12-month period following commencement of the NCIB.
Dividend: Pursuant to Frontera's dividend policy, Frontera's Board of Directors has declared a dividend of C$0.0625 per common share to be paid on or around April 16, 2025, to shareholders of record at the close of business on April 2, 2025.
This dividend payment to shareholders is designated as an "eligible dividend" for purposes of the Income Tax Act (Canada). This dividend is eligible for the Company's Dividend Reinvestment Plan which provides shareholders of Frontera who are resident in Canada with the option to have the cash dividends declared on their common shares reinvested automatically back into additional common shares, without the payment of brokerage commissions or services charges
Bond Buybacks: In 2024, the Company repurchased in the open market $5 million of its 2028 Unsecured Notes for cash, for a total cash consideration of $4.0 million and recognizing a gain of $1 million. As a result, the carrying value for the 2028 Unsecured Notes as of December 31, 2024, is $389.8 million.
Subsequent to the quarter, the Company repurchased an additional $1 million of its 2028 Unsecured Notes.
Strategic Alternatives Review Processes: The Company's strategic alternatives review for its Infrastructure business is reaching its final stages. Since its launch in May 2024, the Company has prepared a virtual data room, held management presentations and engaged in discussions with several interested third parties. The Company is working diligently to conclude its review process analyzing various options and will communicate its outcome when appropriate. Frontera has retained Goldman Sachs & Co. LLC as financial advisor in connection with the strategic alternatives review. There can be no guarantee that this strategic alternative review process will result in a transaction.
2025 Operational Update
Q1 2025 production to date is approximately 40,400 boe/d, mainly due to unexpected well failures within the Light and Medium assets occurring near the end of 2024. These issues are being addressed, and the Company remains confident in meeting the 2025 production guidance.
On the exploration side, The Greta Norte-1 well was drilled on January 18, 2025, and reached a total depth of 12,174 feet MD on February 5, 2025. Integration of drilling data and petrophysical interpretation identified 12.5 feet of net pay, and the well is currently in evaluation phase.
Frontera's Three Core Businesses
Frontera's three core businesses include: (1) its Colombia and Ecuador Upstream Onshore business, (2) its standalone and growing Colombian Infrastructure business, and (3) its potentially transformational Guyana Exploration business offshore Guyana.
Colombia & Ecuador Upstream Onshore
Colombia
During the fourth quarter of 2024, Frontera produced 40,656 boe/d from its Colombian operations (consisting of 27,740 bbl/d of heavy crude oil, 10,484 bbl/d of light and medium crude oil, 2,633 mcf/d of conventional natural gas and 1,970 boe/d of natural gas liquids).
In the fourth quarter of 2024, the Company drilled 2 development wells at the Sabanero block and completed well interventions at 9 others.
Currently, the Company has 1 drilling rigs, and 3 intervention rigs active at its Sabanero, Quifa and CPE-6 blocks in Colombia.
Quifa Block: Quifa SW and Cajua
At Quifa, fourth quarter 2024 production averaged 16,890 bbl/d of heavy crude oil (including both Quifa and Cajua). The Company invested new and improved flow lines facilities in the block to support production for new wells and the SAARA connection.
In 2024, the Company has handled an average of approximately 1.6 million barrels of water per day in Quifa including SAARA.
CPE-6
At CPE-6, fourth quarter 2024 production averaged approximately 8,466 bbl/d of heavy crude oil, increasing 14% from 7,459 bbl/d during the third quarter of 2024. During the quarter, the Company also achieved record daily production of 8,933 bbl/d.
During the year, the Company invested in the expansion of development facilities including the expansion of water handling capacity to 360Mwpd at the CPE-6 block.
During 2024, the Company handled an average of approximately 257 thousand barrels of water per day in CPE-6.
Other Colombia Developments
At Guatiquia, production during the fourth quarter 2024 averaged 5,690 bbl/d of light and medium crude compared with 5,801 bbl/d in the third quarter of 2024.
In the Cubiro block production averaged 1,310 bbl/d of light and medium crude oil in the fourth quarter of 2024 compared with 1,447 bbl/d in the third quarter 2024.
At VIM-1 (Frontera 50% W.I., non-operator), production averaged 1,883 boe/d of light and medium crude oil in the fourth quarter of 2024 compared to 1,934 boe/d of light and medium crude oil in the third quarter of 2024.
At the Sabanero block, production averaged 2,384 boe/d of heavy oil crude production in the fourth quarter of 2024 compared to 1,075 boe/d in the third quarter of 2024. the Company drilled 2 development wells during the fourth quarter and invested in the expansion of the block facilities.
Colombia Exploration Assets
During the fourth quarter of 2024, the Company's exploration focus remained on the Lower Magdalena Valley and Llanos Basins in Colombia. At the Cachicamo Block, the Papilio-1 well was spud on December 31, 2024, reaching a total depth of 8,580 feet MD by January 8, 2025. Integration of drilling data and petrophysical interpretation identified 21.5 feet of net pay, and initial production testing started on January 18, 2025, with 100 bopd with 96% BSW, well is currently producing approximately 135 bopd with 97% BSW.
At the VIM-1 Block, ongoing discussions with authorities and communities are taking place to drill the Hidra-1 well in 2025.
At the Llanos 119 Block, preliminary results from the seismic of 80 square kilometers of 3D seismic data were below the Company's expectations. Frontera has requested the transfer of commitments in the block and subsequent relinquishment. In addition, the Company is also engaged in pre-seismic and pre-drilling activities related to social and environmental studies in the Llanos-99 and VIM-46 blocks.
Ecuador
In Ecuador, fourth quarter 2024 production averaged approximately 1,750 bbl/d of light and medium crude oil compared to 1,776 bbl/d in the prior quarter.
At the Espejo Block, the Espejo Sur-B3 well continues its long-term tests with a production of 437 bbl/d gross and a BSW of 71%. The development plan is being assessed during the first quarter of 2025.
2. Infrastructure Colombia
Frontera's Infrastructure Colombia Segment includes the Company's 35% equity interest in the ODL pipeline through Frontera's wholly owned subsidiary, PIL and the Company's 99.97% interest in Puerto Bahia. Starting in 2024, the Infrastructure Colombia Segment also includes the Company's reverse osmosis water treatment facility (SAARA) and its palm oil plantation (ProAgrollanos).
On March 5, 2025, ODL's general assembly declared $152 million in dividends ($53.3 million, net to Frontera), a 100% payout ratio, payable in 2025.
On Puerto Bahia, the connection to the Reficar refinery is expected to become operational by the second quarter 2025. With respect to the LPG import project, working groups have been assembled and detailed engineering work is taking place.
Frontera processed 78,716 barrels of water per day at is SAARA reverse osmosis water-treatment facility during the fourth quarter 2024 and peaked at 185,000 barrels of water per day in November.
The Company continues to execute on its strategic priorities supporting the long-term growth and sustainability of the businesses.
Infrastructure Colombia Segment Results
Adjusted Infrastructure EBITDA in the fourth quarter of 2024 was $27.5 million, compared with $26.2 million during the third quarter of 2024.
Segment capital expenditures for the three months ended December 31, 2024, were $26.0 million mostly related to investments at Puerto Bahia including (i) Reficar Connection Project execution, including engineering and civil works, costs related to the project's rights of way, among others (ii) tanks major maintenance, and (iii) general cargo terminal equipment and facilities; and (iv) investments in the SAARA project.
Hedging Update
As part of its risk management strategy, Frontera uses derivative commodity instruments to manage exposure to price volatility by hedging a portion of its oil production. The Company's strategy aims to protect 40-60% of its estimated net after royalties' production using a combination of instruments, capped and non-capped, to protect the revenue generation and cash position of the Company, while maximizing the upside, thereby allowing the Company to take a more dynamic approach to the management of its hedging portfolio.
About Frontera's 2024 Year-End Estimated Reserves
The Company's 2024 year-end estimated reserves were evaluated by D&M in their report dated February 6, 2025, with an effective date of December 31, 2024 (the "Reserves Report"), in accordance with the definitions, standards and procedures contained in the COGE Handbook, NI 51-101 and CSA Staff Notice 51-324. D&M is an independent qualified reserves evaluator as defined in NI 51-101.
Additional reserves information as required under NI 51-101 will be included in the Company's statement of reserves data and other oil and gas information on Form 51-101F1, which is expected to be filed on SEDAR on March 10, 2025. See "Advisory Note Regarding Oil and Gas Information" section in the "Advisories", at the end of this news release.
Fourth Quarter and Year End 2024 Financial Results, Year End Reserves and Operational Update Conference Call Details
A conference call for investors and analysts will be held on Monday, March 10, 2025, at 11:30 a.m. Eastern Time. Participants will include Gabriel de Alba, Chairman of the Board of Directors, Orlando Cabrales, Chief Executive Officer, Rene Burgos, Chief Financial Officer, and other members of the senior management team.
Analysts and investors are invited to participate using the following dial-in numbers:
RapidConnect URL:
https://emportal.ink/4k5ohlq
Participant Number (Toll Free North America):
1-888-510-2154
Participant Number (Toll Free Colombia):
+57-601-489-8375
Participant Number (International):
1-437-900-0527
Conference ID:
12268
Webcast URL:
www.fronteraenergy.ca
A replay of the conference call will be available until 11:59 p.m. Eastern Time on March 17, 2025.
Encore Toll free Dial-in Number:
1-888-660-6345
International Dial-in Number:
1-289-819-1450
Encore ID:
12268