Frontera Energy Corporate Snapshot 2017 Production Mix Capital Structure (Dec. 31, 2017)(1) Natural Gas Shares Outstanding (TSX: FEC; MM) 50 Heavy Oil Market Cap (MM)(2) 1,563 8% Cash and Cash Equivalents (MM)(3) 644 / 512 38%…
Post-Restructuring Achievements & Upcoming Catalysts Path to Unlocking Value April 2018 Richard Herbert appointed CEO December 2017 David Dyck appointed CFO Completed reorganization of Colombian business units to simplify…
Reasons to Own Frontera Catalysts to Create Shareholder Value Over the Short, Medium, and Long-Term 1. Sustainable business with the existing asset base Strong focus on cash generation and margin expansion initiatives Development and…
Unlocking Opportunities on Existing Asset Base Detailed Technical Review & Key Reservoir Studies Increased Technical Excellence Expanding infrastructure to enable production and reserves growth More efficient well design…
Leading Independent Latin American E&P Balanced Exploration and Development Portfolio Key Development Opportunities Workovers, Recompletions, and Optimizations Quifa Heavy Oil Cubiro Waterflood Peru: light, medium and heavy oil…
Quifa: Cornerstone of Heavy Oil Development Exploration and Development Upside at Caja and Jaspe 2018 Budget 79 horizontal well infill drilling program 3 vertical wells recently completed in Quifa SW and 3 of 4 in Caja, facilitating…
Guatiqua: Building on Deep Llanos Success Development & Near Field Exploration Opportunities Ardilla-4 proved down-dip extension of the ACA field to the north; Alligator-1 and Alligator-2 exploration wells proved extension to the…
Cubiro Complex: Secondary Recovery in the Central Llanos Waterflood to Slow Decline and Increase Recovery Efficiency 2018 activity: Waterflooding pilot commenced on January 5, 2018 Phase II of the waterflooding pilot (installing the…
Llanos 25: High Impact Exploration Potential 2018 Reserves Growth and 2019 Production Growth Proven hydrocarbon fairway on trend with Cusiana and Cupiagua fields 273 km2 of high-quality 3D seismic and extensive reprocessed 2D…
Peru Block 192 Production and Reserves Growth Opportunity 1.3 million-acre block 13 producing fields with varying API gravities (light, medium and heavy) Three shut-in heavy oil pools with potential to reactivate with diluent…
Peru Block Z1 Fronteras First Offshore Exploration Well Two producing fields: Corvina and Albacora Delfin-1X (Delfin Sur) exploration well to spud in Q2 2018 Close proximity to Corvina production platform Multizone oil and gas…
Latent Value in Non-Core Assets Midstream and Infrastructure Assets Hold Significant Unrealized Value 1) Puerto Baha 2) ODL Pipeline 39.2% Indirect Interest(1) 35.0% Indirect Interest(3) Ships the Companys heavy crude oil from Quifa…
Ship-or-Pay Reduction Initiatives Addressing Fixed Transportation Costs Bicentenario Pipeline (BIC) Frontera committed capacity: 47,333 Bbl/d Cost reduction initiatives: Agreement to acquire IFCs 36% of Pacific Midstream is the…
Balance Sheet Strength Strong Cash Position, Low Leverage Ratios Balance Sheet Metrics (December 31, 2017) Cash and Cash Equivalents (MM)(1) 644/512 Net Debt/EBITDA(2) (0.2)x Debt to Book Capitalization(3) 16.3% Interest…
Exposure to Superior International Oil Prices Strong Leverage to Brent Oil Price International Oil Prices Outperform North American Oil Prices(1) 75 65 55 US/bbl 45 35 25 Jun-17 Oct-17 Jan-18…
Compelling Value with Catalysts Frontera Trades at a Discount to Peers; Unique Investment Opportunity Enterprise Value (EV) / 2018E EBITDA(1) EV / 2P Reserves ( per Boe)(1,2) EV / Daily Production ( per Boe/d)(1) Net Debt / 2018E…
Reasons to Own Frontera Catalysts to Create Shareholder Value Over the Short, Medium, and Long-Term 1. Sustainable business with the existing asset base Strong focus on cash generation and margin expansion initiatives Development and…
Appendix
Fourth Quarter 2017 Operational & Financial Highlights Continued Strong Operating EBITDA and Adjusted FFO Growth Q4 2017 Q3 2017 % Chg. PRODUCTION / REVENUE / PRICE Production decrease as a result of social issues in Peru and natural…
2017 Reserves Evaluation Results Replaced 2017 Production and Increased 2P NPV10 Value 2P Net Reserves - MMBOE NPV by Category 10% (MMUSD) 200 27 -26 3,000 -18 2,523 150 2,500 2,324 587 2,000 1,932 1,918 751 100 402 494 1,500 714…
Transportation Commitments Summary Capacity and Commitments Balanced when Bicentenario Working Commitments (000) Transportation (As per Note 24 of Financial Statements) (Ship-or-Pay) 3,198 2,876 Other ToP(2) 2,876 P135(3) 240 82…
Proven Management Team Over 36 years of experience with major international oil & gas companies, including BP, Talisman Energy, and Richard Herbert Phillips Petroleum CEO Responsible for major exploration and development initiatives…
Independent Board of Directors Engaged and Active in Generating Shareholder Value Gabriel de Alba Managing Director and Partner of The Catalyst Capital Group Inc. Chairman International experience restructuring public and private…
INVESTOR RELATIONS CONTACT: Grayson M. Andersen Corporate Vice President, Capital Markets Calle 110, No 9 25, Piso 16 Bogota, DC, Colombia +57 (314) 250-1467 gandersenfronteraenergy.ca irfronteraenergy.ca