Latest news with #Frontera
Cision Canada
5 days ago
- Business
- Cision Canada
Frontera Energy Provides Notice of Second Quarter 2025 Financial Results Conference Call
CALGARY, AB, July 24, 2025 /CNW/ - Frontera Energy Corporation (TSX: FEC) (" Frontera" or the " Company") announces that the Company will release its financial and operational results for the second quarter ended June 30, 2025, after markets close on Wednesday, August 13th, 2025. A conference call for investors and analysts will be held on Thursday, August 14th, 2025, at 11:00 p.m. Eastern Time. Participants will include Gabriel de Alba, Chairman of the Board of Directors, Orlando Cabrales, Chief Executive Officer, René Burgos, Chief Financial Officer, and other members of the senior management team. Analysts and investors are invited to participate using the following dial-in numbers: A replay of the conference call will be available until 11:59 p.m. Eastern Time on August 21st, 2025. About Frontera: Frontera Energy Corporation is a Canadian public company involved in the exploration, development, production, transportation, storage and sale of oil and natural gas in South America, including related investments in both upstream and midstream facilities. The Company has a diversified portfolio of assets with interests in 22 exploration and production blocks in Colombia, Ecuador and Guyana, and pipeline and port facilities in Colombia. Frontera is committed to conducting business safely and in a socially, environmentally and ethically responsible manner.
The Citizen
6 days ago
- Automotive
- The Citizen
Spruced-up facelift Opel Mokka officially priced
The Blitz's smallest SUV has benefited from a serious of updates inside and out, but not up front. Revealed towards the end of last year in Europe, Stellantis South Africa has released official price and spec details of the facelift Opel Mokka teased at its annual Media Connect event in Johannesburg last month. New outside A line-up once again consisting of two models, the updates to the first model that featured Rüsselsheim's Bold and Pure styling language comprises a new gloss black finish for the Opel Vizor grille and Opel blitz logo defined as the middle point or Opel Compass, removal of the various chrome accents, a restyled front bumper and a new Mokka nameplate script on the tailgate. ALSO READ: Opel unpacks facelift Mokka with series of simplified revisions Model-wise, the Edition, which replaces the Elegance, receives new 17-inch alloy wheels, while the carryover GS Line gets redesigned diamond-cut 18-inch alloys as well as a standard diamond black roof. New for both variants is a magnifying glass integrated into the LED headlights Opel says provides the same resolution as the Matrix IntelliLux diodes. Inside, both models now come equipped with the dual 10-inch displays for the digital instrument cluster and infotainment system as part of the Opel Pure Panel, the latter still with Apple CarPlay and Android Auto, but with improved software as well as embedded satellite navigation. A wireless smartphone charger, frameless electro-chromatic rear view mirror and folding side mirrors rounds the specifications changes. Similar to the newly launched Grandland and the incoming Frontera, the Mokka's cabin makes the switch from type-A to type-C USB ports, while also gaining the same steering wheel with standard heating function on both, plus a silver finish for the centre console. Now standard across all models is a new steering and the pair of 10-inch displays. Image: Opel For the Edition, the seats are trimmed in cloth and those of the GS Line in leather in addition to being equipped electric, heated and with a massaging function for the front chairs. On the safety side, the Edition and GS Line get front and rear parking sensors from the off, with a reverse camera, Adaptive Cruise Control, Automatic Emergency Braking and Forward Collision Warning included on the latter. Same powertrain Up front, no changes have taken place despite the roll-out of a mild-hybrid system on the Old Continent, as well as a bigger battery pack for the now renamed Mokka Electric. No changes have taken place to the rear facia. Image: Opel As such, the Stellantis stalwart 1.2-litre three-cylinder turbocharged PureTech petrol engine remains the sole options, with unchanged outputs of 96kW/230Nm. A toggle switch activated eight-speed automatic prevails as the sole available transmission option. Price Now on-sale, and soon to form part of Opel's three product SUV range below the Frontera and the Grandland, pricing for the Mokka continues to include a five-year/100 000 km warranty as plus a three-year/60 000 km service plan. Mokka 1.2T Edition – R519 900 Mokka 1.2T GS Line – R564 900 NOW READ: Sexy new Opel Mokka helps brand revive the fun factor
Cision Canada
16-07-2025
- Business
- Cision Canada
Frontera Announces Normal Course Issuer Bid
CALGARY, AB, July 15, 2025 /CNW/ - Frontera Energy Corporation (TSX: FEC) (" Frontera" or the " Company") announces that the Toronto Stock Exchange (the " TSX") has accepted its notice to initiate a normal course issuer bid (the " NCIB") for its common shares (the " Common Shares"). Pursuant to the NCIB, Frontera may purchase up to 3,502,962 Common Shares during the 12-month period commencing July 18, 2025, and ending July 17, 2026, representing approximately 5% of the Company's issued and outstanding Common Shares as at July 15, 2025. As at July 15, 2025, there were 70,059,243 Common Shares issued and outstanding. There are no persons acting jointly or in concert with the Company in respect of the NCIB. The average daily trading volume of the Common Shares (as calculated in accordance with the TSX rules) was 48,188 Common Shares over the period between January 1, 2025 and June 30, 2025. Consequently, daily purchases through the facilities of the TSX will be limited to 12,047 Common Shares, other than block purchase exceptions. Frontera believes that, from time to time, the market price of its Common Shares may not fully reflect the underlying value of its business, future prospects and financial position. In such circumstances, Frontera may purchase for cancellation outstanding Common Shares, thereby benefitting all shareholders by increasing the underlying value of the remaining Common Shares. In connection with its NCIB, Frontera has entered into an automatic share purchase plan (the " Plan") with its designated broker, BMO Nesbitt Burns Inc. (" BMO"), to facilitate the purchase of Common Shares under the NCIB. The Plan allows for purchases by the Company of its Common Shares at any time, including, without limitation, when the Company would ordinarily not be permitted to make purchases due to regulatory restriction or self-imposed blackout periods. Purchases will be made by BMO based upon the parameters prescribed by the TSX and the terms of the parties' written agreement. The Plan has been pre-cleared by the TSX and will be implemented at the time the NCIB commences. Purchases subject to the NCIB will be carried out pursuant to open market transactions through the facilities of the TSX or alternative Canadian trading systems, if eligible, by BMO on behalf of Frontera in accordance with the Plan and applicable regulatory requirements. The price to be paid by Frontera for any Common Share will be the market price at the time of acquisition, plus brokerage fees, or such other price as the TSX may permit. The Common Shares purchased by Frontera under the NCIB will be returned to treasury and cancelled. The Company's indenture, dated as of June 21, 2021, as supplemented on April 11, 2023 and June 11, 2025, pursuant to which US$320 million aggregate principal amount of 7.875% senior notes of the Company due 2028 are currently issued (the " Indenture"), imposes certain restrictions on the Company's ability to repurchase its Common Shares. However, based on other provisions of the Indenture, the Company is not currently restricted from completing the purchases under the NCIB. Under the normal course issuer bid which expired on November 20, 2024, Frontera was authorized to repurchase for cancellation 3,949,454 Common Shares and Frontera purchased for cancellation a total of 1,552,100 Common Shares between November 21, 2023 and November 20, 2024, at a volume weighted average price of C$8.33 per Common Share. Purchases were carried out pursuant to open market transactions through the facilities of the TSX or alternative Canadian trading systems, by BMO, on behalf of the Company in accordance with an automatic share purchase plan and applicable regulatory requirements. About Frontera: Frontera Energy Corporation is a Canadian public company involved in the exploration, development, production, transportation, storage and sale of oil and natural gas in South America, including related investments in both upstream and midstream facilities. The Company has a diversified portfolio of assets which consists of interests in 22 exploration and production blocks in Colombia, Ecuador and Guyana, and in pipeline and port facilities in Colombia. Frontera's common shares are listed for trading in the Toronto Stock Exchange under the ticker symbol "FEC." The Company is committed to conducting business safely and in a socially and environmentally responsible manner. Cautionary Note Concerning Forward-Looking Statements This news release contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, the acquisition of Common Shares under the NCIB, the implementation of the Plan, the manner of purchases under the NCIB, the price to be paid for the Common Shares purchased under the NCIB, and the return to treasury and cancellation of such Common Shares) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: U.S. trade tariffs and escalating tensions with China; the impact of the Russia-Ukraine conflict and conflict in the Middle East; actions of the Organization of Petroleum Exporting Countries (OPEC+); liabilities inherent with the exploration, development, exploitation and reclamation of oil and natural gas; uncertainty of estimates of capital and operating costs, production estimates and estimated economic return; uncertainties associated with estimating oil and natural gas reserves; failure to establish estimated resources or reserves; volatility in market prices for oil and natural gas; fluctuation in currency exchange rates; inflation; changes in equity markets; perceptions of the Company's prospects and the prospects of the oil and gas industry in Colombia and other countries where the Company operates or has investments; uncertainties relating to the availability and costs of financing needed in the future; the Company's ability to complete strategic initiatives or transactions to enhance the value of its securities and the timing thereof; the Company's ability to access additional financing; the ability of the Company to maintain its credit ratings; the ability of the Company to meet its financial obligations and minimum commitments, fund capital expenditures and comply with covenants contained in the agreements that govern indebtedness; political developments in the countries where the Company operates; the uncertainties involved in interpreting drilling results and other geological data; timing on receipt of government approvals; the inability of the Company to reach an agreement with the Government of Guyana in respect of the Company and its joint venture partner's interests in, and the petroleum prospecting license for, the Corentyne block; and the other risks disclosed under the heading "Risk Factors" and elsewhere in the Company's annual information form dated March 10, 2025 filed on SEDAR+ at Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
The Citizen
15-07-2025
- Automotive
- The Citizen
Opel Frontera SA launch delayed to 2026: What to expect
Planned for unveiling this year, Opel has pushed the launch of the revived Frontera to next year as part of its expanded crossover/SUV range, which currently consists of the Mokka and all-new Grandland. What to expect According to The Citizen, unveiled last year as the replacement for the Crossland, the Frontera changes segment from being a body-on-frame SUV, previously sold locally as the Isuzu Frontier, to a unibody crossover with five or seven seats based on parent company Stellantis's Smart Car platform. Measuring 4 385mm long, 1 795mm wide and 1 635mm tall, with a wheelbase of 2 675mm, the Frontera offers between 460 litres and 1 600 litres of boot space. Unlike the original, it is built in Slovakia rather than by Isuzu in Japan and comes without an all-wheel-drive option. Hybrid or EV Also without a manual gearbox option, the Frontera uses a mild-hybrid powertrain as standard. It pairs the well-known 1.2-litre turbocharged PureTech petrol engine in two states of tune – 74kW and 100kW – with a 21kW electric motor integrated into a newly developed six-speed dual-clutch gearbox. The fully electric version, simply called the Frontera Electric, features a 44kWh battery pack producing 83kW and offers up to 305km of range on a single charge. A long-range version, claiming up to 400km, will arrive later. In its home market, two trims are available: Edition and GS Line. Notable features include the Opel Pure Panel setup with two 10-inch displays, up to 17-inch alloy wheels, ambient lighting, IntelliLux LED headlights, a six-speaker sound system and up to five USB-C ports. The GS Line adds dual-zone climate control, rain-sensing wipers, a leather-look steering wheel, wireless smartphone charging, auto-folding electric mirrors, front parking sensors (the Edition only gets rear), a reverse camera and Blind Spot Monitoring. Standard safety features across both trims include tyre pressure monitoring, Hill Start Assist, cruise control, Driver Attention Alert, Traffic Sign Recognition, Automatic Emergency Braking and Lane Keep Assist. For South Africa Speaking to The Citizen at Stellantis's Media Connect event at Montecasino last week, Opel Middle East and Africa head Falk Zimpel confirmed that a mid-2026 market debut for the Frontera has been approved, suggesting a launch around June or July. Priced from €23 900 (about R499 000) in Germany and from £23 995 (about R577 000) in the UK – where sister brand Vauxhall calls the Edition the Design – details on local pricing and spec will be announced closer to launch. However, it is expected to possibly forgo the mild-hybrid powertrain for the conventional 1.2-litre PureTech turbo developing 96kW/230Nm, as used in the Corsa. The electric variant is unlikely to join the South African range in the near future.
The Citizen
14-07-2025
- Automotive
- The Citizen
Opel Frontera's South African arrival pushed back to ‘mid-2026'
Third "modern" Opel SUV after the Mokka and Grandland will debut last, and possibly without hybrid assistance as offered from the start in Europe. No longer made by Isuzu, the all-new Frontera has now been re-approved for South Africa from 2026. Image: Opel Planned for unveiling this year, Opel has revised the launch date for the revived Frontera to next year as part of its renewed crossover/SUV range currently consisting of the Mokka of the all-new Grandland. What to expect? Unveiled last year as the replacement for the Crossland, the Frontera changes segment from being a body-on-frame SUV sold on local soil as the Isuzu Frontier, to a unibody crossover with five or seven seats based on parent company Stellantis' Smart Car platform. ALSO READ: Opel unwraps more of revived Frontera approved for South Africa Measuring 4 385 mm long, 1 795 mm wide and 1 635 mm with its wheelbase stretching 2 675 mm, the Frontera offers between 460-litres and 1 600-litres of boot space, but unlike the original, is built in Slovakia rather than by Isuzu in Japan, and without the option of an all-paw gripping system. Hybrid or EV Also without the option of a manual gearbox, the Frontera derives motivation from a mild-hybrid powertrain as standard. Depicted base Frontera Edition can be had with 16-inch steel wheels or 16-inch alloys. Image: Opel Consisting of the stalwart 1.2-litre turbocharged PureTech petrol engine in two states of tune; 74 kW and 100 kW, the unit is bolstered further by a 21 kW electric motor housed within a newly developed six-speed dual-clutch gearbox. The EV Frontera Electric is unlikely to form part of the local range next year. Image: Opel The fully electric option, simply called the Frontera Electric, makes do with a 44-kWh battery pack that develops 83 kW, and offers up to 305 km of range on a single charge. Arriving later, the long range version will have a claimed distance of 400 km. Likely spec In its home market, two trim levels are offered; Edition and GS Line, with notable features comprising the Opel Pure Panel made-up of two 10-inch displays, up to 17-inch alloy wheels, ambient lighting, Opel's IntelliLux LED headlights, a six-speaker sound system and up to five type-C USB ports. Standard across all models is the Opel Pure Panel made-up of two 10-inch displays. Image: Opel Reserved for the GS Line are dual-zone climate control, rain sense wipers, an imitation leather-trimmed steering wheel, a wireless smartphone charger, auto folding electric mirrors, front parking sensors to go with the Edition's rear, a reverse camera and Blind Spot Monitoring. With the split rear back folded down, the Frontera's boot can take 1 600-litres of luggage. Image: Opel Standard across both grades safety-wise is a tyre pressure monitor, Hill Start Assist, cruise control, Driver Attention Alert, Traffic Sign Recognition, Automatic Emergency Braking and Lane Keep Assist. For South Africa Speaking to The Citizen at Stellantis' Media Connect event held at Montecasino last week, which included the launch of the all-new Grandland, Opel Middle East and Africa Head, Falk Zimpel, said a mid-2026 market debut for the Frontera has been approved, alluding to it going on-sale around June or July. Priced from €23 900 (R499 259) in Germany and from £23 995 (R577 942) in the United Kingdom where sister brand Vauxhall refers to the Edition as the Design, details surrounding the Frontera's price and spec for South Africa will only be announced closer its launch next year. However, expect it possibly eschew the mild-hybrid powertrain for the conventional 1.2-litre PureTech turbo that develops 96kW/230Nm in the Corsa. At the same time, the Electric is unlikely to form of the local range anytime soon. ALSO READ: Opel Frontera officially returns as Crossland's reinvented successor
