Frontera Energy Corporation Announces Divestment of Colombian E&P Assets Portfolio for $622 Million, Retains Infrastructure Business

Frontera Energy Corporation has entered into a definitive agreement with Geopark to divest its Colombian E&P assets portfolio for a firm value of $622 million. The deal includes a $25 million contingent payment upon achievement of specified development milestones. Proceeds from the transaction will deliver cash to shareholders at closing. Upon completion of the transaction and proposed return of capital to shareholders, Frontera's multi-year value creation initiatives will have delivered approximately $1.1 billion to investors. Frontera will retain its infrastructure business anchored by a stable dividend stream from its participation in ODL and attractive growth profile in Puerto Bahia.