FRONTERA ENERGY CORPORATION ANNOUNCES NEW $120 MILLION PREPAYMENT AND COMMERCIAL AGREEMENT WITH CHEVRON

Core Viewpoint - Frontera Energy Corporation has entered into a $120 million prepayment and commercial agreement with Chevron Products Company to enhance its liquidity and manage working capital flows [1][2]. Group 1: Agreement Details - The agreement includes an initial advance of $80 million, with the option for an additional $40 million advance within six months [2]. - The prepayment amounts will incur a financial discount calculated at the Secured Overnight Financing Rate (SOFR) plus 4.25% per annum [2]. - Repayment of the prepayment amounts will start after a six-month grace period [2]. Group 2: Company Overview - Frontera Energy Corporation is a Canadian public company engaged in the exploration, development, production, transportation, storage, and sale of oil and natural gas in South America [3]. - The company has a diversified portfolio, including interests in 20 exploration and production blocks in Colombia and Guyana, as well as pipeline and port facilities in Colombia [3]. - Frontera's common shares are traded on the Toronto Stock Exchange under the ticker symbol "FEC" [3].