CA - Frontera Energy provides 2023 production guidance

• Frontera Energy ( OTCPK:FECCF ) ( TSX: FEC:CA ) expects Average Daily Production (ADV) to be 40,000 - 43,000 boe/d; production costs $12.50 - $13.50 $/boe.
• Total capital expenditures expected to be between $385M-455M.
• In 2023, we will advance the Company's exciting development and lower-risk exploration portfolio in Colombia and Ecuador, invest in infrastructure and facilities at Quifa and CPE-6 to increase production, leverage our advantaged transportation and logistics structure to maximize realized prices, mature our self-sustaining and growing midstream business including Puerto Bahia and ODL, execute our hedging program to protect our revenue generation and manage our exposure to price volatility, and seek to build on our Kawa-1 light oil and condensate discovery with the Wei-1 well, our second exploration well offshore Guyana." commented CEO, Orlando Cabrales.

For further details see: