Frontera Energy Company Snapshot Q1 2020 Production Mix Capital Structure (U.S.) (1) Shares Outstanding (TSX: FEC; MM) 97.1 Natural Gas Market Cap (MM)(2) 278 3% Heavy Oil Total Cash, Including Restricted Cash(3) (MM) 361…
Corporate Responsibility Protecting Our Stakeholders During the COVID-19 Pandemic Prioritizing the Health and Safety of the Companys People and Supporting the Communities in which we Operate Field Teams Reduced to a Minimum with an…
Program to Manage COVID-19 and Lower Oil Price Environment Withdrawl of 2020 Guidance Reduction of Total Planned Capital Expenditures to a Range of 80 - 100 MM Moved to Temporarily Shut-in 14,000 - 15,000 bbls/d of Colombian…
Quarterly Results Production, Capital Expenditures, Production and Transportation Costs Daily Production, before royalties (Boe/d) Capex (MM) 70,000 450 60,000 400 350 50,000 300 40,000 250 30,000 200 150 20,000 100 10,000 50 -…
Our Portfolio Large Diversified Asset Base with Significant Acreage and Infrastructure CORE Quifa Guatiqua Cubiro CPE-6 SUSTAINING Near field exploration on existing producing blocks GROWTH Colombia exploration in oil…
Hedging Program Hedging Portfolio for Remainder of 2020 Type of Notional Amount / Term Put/Call/Spreads Instrument Volume (bbl/d) April Put options 22,833 40 3-ways 17,500 47/57/74 Put Spread 5,000 47/57 Total April 45,333 May…
Balance Sheet Strength Strong Cash Position, Low Leverage Ratios Balance Sheet Metrics March 31, 2020 Total Cash(1)/Cash and Cash 361 / 265 Equivalents (MM) Net Debt/EBITDA(2) 0.2x Debt to Book Capitalization(3) 31% Interest…
Environmental Footprint Strategy We Work in Harmony with the Environment Excellent environmental performance GOALS Climate change leaders Conscious Employees and Green offices Contractors Efficient and innovative Positive impact…
Appendix
First Quarter 2020 Operational & Financial Results Protecting the Companys Cash Position Q1 2020 Q4 2019 % Chg. Cash / Price / Production Cash equivalents (including restricted cash) of 361 million and no debt Production Before…
2019 Reserves Evaluation Results Replaced 112% of Net 2019 Production and Strong 2P NPV10 Value 2P Net Reserves - MMBOE NPV by Category 10% (MMUSD) 175 26 -23 3,000 150 2,514 2,500 125 2,206 2,119 1,918 788 2,000 100 571 778 566…
Realizing Value from Infrastructure Assets Port and Pipeline Infrastructure and Financial Information Oleoducto de los Llanos Orientales S.A., transports the Companys heavy crude oil from the Quifa SW and Cajua 1) ODL Pipeline fields…
Proven Management Team Proven Leadership with Global Experience Over 39 years of experience with major international oil & gas companies, including BP, Talisman Richard Herbert Energy, and Phillips Petroleum CEO Responsible for…
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…
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