Frontera to sell Colombian assets to Geopark for up to $400m

Frontera Energy has signed a definitive agreement to sell Frontera Petroleum International Holdings, consisting of its Colombian exploration and production (E&P) assets, to Geopark, with the equity valued at up to $400m. The agreement is being conducted through a plan of arrangement under the Business Corporations Act in British Columbia, Canada. The deal is expected to conclude in the second half of 2026, subject to shareholder and regulatory approvals. It includes an immediate payment of $375m upon c ...