Stocks in play: Frontera Energy Corporation
Has entered into an agreement to acquire the 35% working interest in Colombia's El Dificil block held by PCR Investments S.A., a wholly owned subsidiary of Petroquímica Comodoro Rivadavia S.A. for a total aggregate cash consideration of approximately $13 million U.S. The PCR transaction is expected to close in the second half of 2022 and is subject to customary closing conditions and approval of the transaction by the Agencia Nacional de Hidrocarburos. Frontera Energy Corporation shares T.FEC are trading down $0.05 at $9.91.
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