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Frontera Announces 2020 Year End Reserves


Frontera Announces 2020 Year End Reserves
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Extended Net 2P Reserves Life Index to 10.6 years in Colombia
2P Reserves Net Present Value (10% discount) of $1.888 billion Before Tax
Added 18.9 MMboe Net 2P reserves from Colombia fields
TORONTO, March 3, 2021 /PRNewswire/ - Frontera Energy Corporation (TSX: FEC) (
Frontera or the
Company ) today announced the results of its annual independent reserves assessment conducted by DeGolyer and MacNaughton (
D&M ). All dollar amounts in this news release and the Company s financial disclosures are in United States dollars, unless otherwise noted.
Richard Herbert, Chief Executive Officer, commented:
In 2020, Frontera safely and efficiently added 30.6 MMboe Proved plus Probable ( ....

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Frontera Announces 2020 Year End Reserves

Frontera Announces 2020 Year End Reserves
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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Maha Energy AB Announce Filing of Fourth Quarter Report 2020 & Live Webcast


Revenue of USD 8.7 million (Q4 2019: USD 13.7 million)
Operating netback of USD 4.2 million or USD 17.66 per BOE (Q4 2019: USD 9.8 million or USD 35.00 per BOE)
EBITDA of USD 2.7 million (Q4 2019: USD 8.4 million)
Net result of USD -15.7 million, following the previously announced impairment charge of 21.0 million for LAK Ranch (Q4 2019: USD 2.7 million)
Basic earnings per share of USD -0.15 (Q4 2019: USD 0.03)
Diluted earnings per share of USD -0.15 (Q4 2019: USD 0.02)
The Company was awarded new exploration block 70 (Mafraq) onshore Oman
Drilled and completed the Tie-2 well in the Tie Field and spudded the Tie-3 well on 18 December 2020
2P Reserve Replacement Ratio for 2020: 380% (Q4 2019: 147%) ....

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Oman: Tethys Oil announces fourth quarter and year-end report


Oman: Tethys Oil announces fourth quarter and year-end report
10 Feb 2021
Tethys Oil s Oman assets (Source: Tethys Oil)
Fourth quarter 2020 (third quarter 2020)
Production from Blocks 3&4, Oman, at 11,072 barrels per day (10,651 barrels per day)
Revenue and other income of MUSD 22.3 (MUSD 20.4)
EBITDA of MUSD 10.2 (MUSD 9.5)
Earnings per share amounted to USD -0.09 (USD -0.06)
Free cash flow MUSD 9.0 (MUSD -11.7)
Blocks 3&4: Exploration well Anan-1 successfully drilled with good oil flow rates
Block 49: Exploration well Thameen-1 spudded
Block 49: Tethys Oil in farm out to EOG Resources of 50%, subject to government approval
Block 56: Tethys Oil has entered into an agreement to acquire a further 45 percent interest, and assume operatorship of Block 56 in the Sultanate of Oman, subject to government approval ....

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