TORONTO, Aug. 22, 2017 /PRNewswire/ - Frontera Energy
Corporation (TSX: FEC) ("Frontera" or the "Company")
is pleased to announce the appointment of Grayson Andersen as its new Corporate Vice
President of Capital Markets and Jeremy
Kaliel as its new Corporate Vice President of Corporate
Strategy & Communications. Mr. Andersen will be based in the
Company's headquarters in Bogota,
Colombia, while Mr. Kaliel will be based in the Company's
office in Calgary,
Canada.
Mr. Andersen has over 18 years of oil and gas and capital
markets industry experience, 10 of which have been spent in the UK
as a specialist salesperson with Macquarie Capital, Simmons &
Company and Credit Suisse. Over the past year he has been
providing capital markets advisory services to GeoPark Limited
(GPRK on the NYSE). Prior to moving to the UK, Mr. Andersen
was Manager of Investor Relations for Canadian Natural Resources
Limited (CNQ on the TSX and NYSE), in Calgary, Canada. Mr. Andersen is a CPA,
CA and spent five years in the oil and gas assurance practice of
KPMG in Calgary, Canada. He
holds a Bachelor of Commerce (Co-op) degree from Memorial University of Newfoundland.
Mr. Kaliel has over 12 years' experience in equity research at
CIBC, Scotia Capital, and Raymond
James - during which time he was ranked as the #1
sell-side analyst in the Canadian High-Payout E&P sector
multiple times. Over the past year, Mr. Kaliel also worked as a
capital markets & communications advisor to Cona Resources Ltd.
(CONA on the TSX), in Calgary,
Canada. He holds an MBA degree from HEC Montreal, and
a Bachelor of Arts degree from the University of
Alberta.
Gabriel de Alba, Chairman of the
Board of Directors of Frontera, commented, "We are excited to add
two high calibre Corporate Vice Presidents with proven track
records in the capital markets. Now that the restructuring
phase is complete, we can focus our attention on highlighting our
high-quality assets and longer-term growth initiatives to the
market. Our Frontera team will be undertaking an aggressive
capital markets program over the coming months to highlight the
great work that CEO Barry Larson and
his team have accomplished so far in 2017, and provide insight into
our plans for 2018 and beyond."
About Frontera:
Frontera is a Canadian public company and a leading explorer
and producer of crude oil and natural gas, with operations focused
in Latin America. The Company has
a diversified portfolio of assets with interests in more than 25
exploration and production blocks in Colombia and Peru. The Company's strategy is focused on
sustainable growth in production and reserves and cash generation.
Frontera is committed to conducting business safely, in a socially
and environmentally responsible manner.
The Company's common shares trade on the Toronto Stock
Exchange under the ticker symbol "FEC".
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Advisories:
Cautionary Note Concerning Forward-Looking
Statements
This news release contains forward-looking statements. All
statements, other than statements of historical fact, that address
activities, events or developments that the Company believes,
expects or anticipates will or may occur in the future (including,
without limitation, statements regarding estimates and/or
assumptions in respect of production, revenue, cash flow and costs,
and the Company's exploration and development plans and objectives)
are forward-looking statements. These forward-looking statements
reflect the current expectations or beliefs of the Company based on
information currently available to the Company. Forward-looking
statements are subject to a number of risks and uncertainties that
may cause the actual results of the Company to differ materially
from those discussed in the forward-looking statements, and even if
such actual results are realized or substantially realized, there
can be no assurance that they will have the expected consequences
to, or effects on, the Company. Factors that could cause actual
results or events to differ materially from current expectations
include, among other things: uncertainty of estimates of capital
and operating costs, production estimates and estimated economic
return; uncertainties associated with estimating oil and
natural gas reserves; failure to establish estimated
resources or reserves; volatility in market prices for oil
and natural gas; fluctuation in currency exchange rates;
inflation; changes in equity markets; perceptions of the
Company's prospects and the prospects of the oil and gas industry
in Colombia and the other
countries where the Company operates or has investments as the
result of the completion of the Company's comprehensive
restructuring transaction or otherwise; uncertainties
relating to the availability and costs of financing needed in the
future; the uncertainties involved in interpreting drilling results
and other geological data; and the other risks disclosed under the
heading "Risk Factors" and elsewhere in the Company's annual
information form dated March 14, 2017
filed on SEDAR at www.sedar.com. Any forward-looking statement
speaks only as of the date on which it is made and, except as may
be required by applicable securities laws, the Company disclaims
any intent or obligation to update any forward-looking statement,
whether as a result of new information, future events or results or
otherwise. Although the Company believes that the assumptions
inherent in the forward-looking statements are reasonable,
forward-looking statements are not guarantees of future performance
and accordingly undue reliance should not be put on such statements
due to the inherent uncertainty therein.
This news release contains future oriented financial
information and financial outlook information (collectively,
"FOFI") (including, without limitation, statements regarding
expected capital expenditures), and are subject to the same
assumptions, risk factors, limitations and qualifications as set
forth in the above paragraph. The FOFI has been prepared by
management to provide an outlook of the Company's activities and
results, and such information may not be appropriate for other
purposes. The Company and management believe that the FOFI has been
prepared on a reasonable basis, reflecting management's best
estimates and judgments, however, actual results of operations of
the Company and the resulting financial results may vary from the
amounts set forth herein. Any FOFI speaks only as of the date on
which it is made and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to
update any FOFI, whether as a result of new information, future
events or results or otherwise.
SOURCE Frontera Energy Corporation