Brief: Frontera Sees FY 2023 Average Daily Production 40,000 Boe/D - 43,000 Boe/D

Frontera Energy

02/02/2023 02:50

Feb 1 (Reuters) - Frontera Energy Corp  FEC.TO :
    * FRONTERA ANNOUNCES 2023 CAPITAL AND PRODUCTION GUIDANCE
    * SEES FY 2023 AVERAGE DAILY PRODUCTION 40,000 - 43,000
BOE/D
    * FRONTERA ANTICIPATES INVESTING APPROXIMATELY $185-$205
MILLION
IN FY 2023
    * ANTICIPATES TOTAL CAPITAL SPENDING OF APPROXIMATELY $385
TO $455
MILLION IN 2023
    * FRONTERA'S ESTIMATED 2022 AVERAGE DAILY PRODUCTION OF
APPROXIMATELY 41,400 BOE/D
    * FRONTERA - CO'S 2023 CAPITAL PROGRAM AIMS TO DELIVER
STABLE CASH
FLOW AND $425-$475 MILLION OPERATING EBITDA AT $80/BBL AVERAGE
BRENT PRICES
    * SEES Q4 2022 TOTAL PRODUCTION AT 41,800 BOE/D

Source text for Eikon:  ID:nCNWFw90ta 
Further company coverage:  FEC.TO 
 ((Reuters.Briefs@thomsonreuters.com;))