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Frontera Energy ( Formerly Pacific E&P Corp)

Company Summary

Description

Pacific Exploration & Production Corp. is a Canadian public company and a leading explorer and producer of natural gas and crude oil; operations are focused in Latin America. The Company has a diversified portfolio of assets with interests in approximately 60 exploration and production blocks in seven countries including Colombia, Peru, Guatemala, Brazil, Guyana, Papua New Guinea and Belize. The Company’s strategy is focused on sustainable growth in production & reserves and cash generation.

Website

http://www.pacific.energy/en/

Financial Data:


Tickers:

  • PRE - Toronto Stock Exchange

Related Entities

Recent news

  • 2/3/2023 - Frontera Announces 4Q22... (subscriber access)
  • 2/3/2023 - Frontera Notes Plans to... (subscriber access)
  • 2/3/2023 - Frontera Forecasting... (subscriber access)
  • 2/3/2023 - Frontera Forecasting... (subscriber access)
  • 2/3/2023 - Frontera Announces 2023... (subscriber access)

Company Transactions

Date: 7/16/2019
Type: Acquisition

BUYERS:
  • Frontera Energy ( Formerly Pacific E&P Corp)
    • DETAILS:
    NOTES:
    In Colombia, Frontera Energy reported the award of the VIM-22 block and the LLA-99 block under the successful Agencia Nacional de Hidrocarburos ("ANH") bid round.
    REGIONS:
  • South America

    • Date: 3/13/2019
    Type: Acquisition

    BUYERS:
  • Frontera Energy ( Formerly Pacific E&P Corp)
  • GeoPark Limited
    • DETAILS:

    ACRES: 33350 Acres

    NOTES:
    GeoPark and Frontera have acquired the Espejo and Perico blocks in Ecuador.
    REGIONS:
  • South America

    • Date: 10/30/2017
    Type: Acquisition

    BUYERS:
  • Frontera Energy ( Formerly Pacific E&P Corp)
    • SELLERS:
  • International Finance Corporation
  • Pacific Midstream Limited
    • DETAILS:

    COST: 2225 $MM

    NOTES:
    Frontera Energy Corporation has entered into a deal with International Finance Corporation to acquire the outstanding 36.36% ownership interests in Pacific Midstream Ltd

    Date: 9/28/2016
    Type: Acquisition

    BUYERS:
  • Karoon Gas Australia Ltd
  • Karoon Petróleo & Gás Ltda
    • SELLERS:
  • Frontera Energy ( Formerly Pacific E&P Corp)
    • DETAILS:

    COST: 15.5 $MM

    NOTES:
    Pacific sells 15% Working Interest Karoon blocks in offshore Brazil for $15.5 million. In addition, the Company may receive a subsequent payment of $5 Million on commercial production reaching 1 Million barrels of oil.
    REGIONS:
  • South America

    • Date: 5/31/2016
    Type: Acquisition

    BUYERS:
  • EIG Global Partners
    • SELLERS:
  • Frontera Energy ( Formerly Pacific E&P Corp)
    • DETAILS:

    COST: 325 $MM

    NOTES:
    Acquisition of Pacific amid their ongoing bankruptcy
    REGIONS:
  • South America