Brief: Frontera Announces 2024 Capital And Production Guidance

Frontera Energy

15/02/2024 13:53

Feb 15 (Reuters) - Frontera Energy Corp  FEC.TO :
    * FRONTERA ANNOUNCES 2024 CAPITAL AND PRODUCTION GUIDANCE,
ESTIMATED FOURTH QUARTER 2023 AND FULL-YEAR DAILY AVERAGE
PRODUCTION AND PROVIDES AN UPDATE ON SHAREHOLDER INITIATIVES,
INCLUDING INITIATING A DIVIDEND
    * INITIATING A QUARTERLY DIVIDEND OF CAD $0.0625 PER SHARE
PAYABLE
QUARTERLY
    * SEES 2024 AVERAGE DAILY PRODUCTION 40,000 BOE/D - 42,000
BOE/D
    * SEES 2024 TOTAL CAPEX BETWEEN $272MLN - $335MLN
    * ESTIMATING TOTAL PRODUCTION COSTS, INCLUDING BOTH
PRODUCTION AND
ENERGY COSTS FOR 2024 TO AVERAGE $14.25 - $15.75
    * TRANSPORTATION COSTS FOR 2024 ARE FORECASTED TO AVERAGE
$11.00 -
$12.00 PER BOE
    * "IN 2023, WE DELIVERED ESTIMATED AVERAGE DAILY PRODUCTION
OF
APPROXIMATELY 40,919 BOE/D, IN LINE WITH OUR GUIDANCE RANGE"
    * ESTIMATES 2024 PRODUCTION COSTS TO AVERAGE $8.50 - $9.50
PER
BOE, EXCLUDING ENERGY COSTS

Source text for Eikon:  ID:nCNWrFC53a 
Further company coverage:  FEC.TO 

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