North Andean Focus Largest Independent O&G Company in Latin America 4
Frontera Energy Corporate Snapshot Capital Structure (U.S.) Q3 2018 Production Mix Shares Outstanding (TSX: FEC; MM)(1) 100 Natural Gas Market Cap (MM)(2) 1,053 Heavy Oil 7% Total Cash(3) /Cash and Cash Equivalents (MM) 786 / 587…
2019 Guidance Strong EBITDA, Lower Capex, Stable Costs 2019 Guidance Metrics(1) 2018 2019 Guidance 2019 Using 2018 Prices Operating EBITDA(2) 400 - 450 MM 400 - 450 MM 600 - 650 MM Capital Expenditures 440 - 460 MM 325 - 375 MM -…
Company Strategy Stable Production for Three to Five Years for our Core Assets, Optimizing Free Cash Flow Generation for Growth and Value Creation Initiatives Core Portfolio of Stable Assets with Growth Options Maintain Strong Balance…
Three Year Plan Colombia Production Offsets the Potential Loss of Block 192 in Peru 70,000 60,000 50,000 40,000 30,000 20,000 10,000 - 2019 2020 2021 Heavy Oil Guatiquia Cubiro Others Exploration/New…
Our Portfolio Core, Sustaining, and Growth Quifa CORE Guatiqua Cubiro SUSTAINING CPE-6 Z-1 Near field exploration GROWTH Offshore Guyana Ecuador bid rounds New Contract Opportunity Block 192 Farm-in…
Balance Sheet Strength Strong Cash Position, Low Leverage Ratios Balance Sheet Metrics September 30, 2018 Total Cash(1)/Cash and Cash Equivalents (MM) 786/587 Net Debt/EBITDA(2) 0.0x Debt to Book Capitalization(3) 22.7% Interest…
Corporate Responsibility and Partner of Choice Committed to Sustainable Operations Sustainability & Shared Value Model 2018 and 2017 United Nations Global Compact awards recipient For the fourth year in a row, we were selected…
Core Assets
Quifa: Cornerstone of Heavy Oil Production Stable Production of 30-32 MBOPD WI 300 wells on production Water treatment and disposal spare capacity Facilities capacity in excess of 1.7 MMBWPD More than 50% of undeveloped reserves…
Guatiqua: Building on Deep Llanos Success Development & Exploration Opportunities High productivity reservoirs Successful development underway Successful Appraisal drilling Ardill--4 Additional exploration potential in the…
Cubiro: Secondary Recovery in the Central Llanos Waterflood to Increase Recovery Efficiency and 3X Production Potential Growing production during next years Successful Waterflooding pilot performed Full field development plan…
Sustaining & Growth Assets
Guyana Exciting Exploration Opportunities Over 1.8 million gross acres in the hottest offshore exploration basin in the world Two well commitment plus a two well option Multiple play types with vertical and lateral migration derisked…
CPE-6 Hamaca Field New Development & Exploration Potential Growing production during next years 1,000 Bopd current production 5 to 8 MBOPD of production potential 190 wells to be drilled in the next years Additional Exploration…
Peru Potential for New Contract & Shallow Offshore Exploration Notified by Petroper on November 30, 2018 of a force majeure event resulting in the shut down of production from Block 192 Current service contract expected to expire in…
Realizing Value from Non-Core Assets Midstream and Infrastructure Assets Hold Significant Value 1) ODL Pipeline 2) Puerto Baha 35.0% Indirect Interest(3) 39.2% Indirect Interest(1) Ships the Companys heavy crude oil from Quifa SW…
Investment Opportunity Enhancing the Portfolio Strong balance sheet with targeted Attractive, low- 93% oil weighted quarterly Over 90% near- risk brownfield with Brent price dividend of field exploration development exposure 12.5…
Appendix
Third Quarter 2018 Operational & Financial Highlights Strong Net Income and Cash Provided by Operating Activities Q3 2018 Q2 2018 % Chg. Price / Revenue / Production Brent oil prices increased 1% quarter-over-quarter which Net…
Fronteras Improving Average Daily Volume Improved Liquidity with Share Split and Share Buyback Program 2018 Share Price and 30 Day Average Volume 25 300,000 Share Split NCIB July 18, 2018 June 26, 2018 250,000 20 200,000…
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 1,932 587 2,000 1,918 751 100 494 402 1,500 714…
Proven Management Team Proven Leadership with Global Experience Over 36 years of experience with major international oil & gas companies, including BP, Talisman Energy, and Richard Herbert Phillips Petroleum CEO Responsible for major…
Independent Board of Directors Engaged and Active in Unlocking 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