Frontera Energy Corporation provided production guidance for the fourth quarter and full year ended December 31, 2023 and for the full year ending December 31, 2024. The company estimated average daily production for the fourth quarter was approximately 39,267 boe/d. The lower production during the quarter was primarily the result of lower planned drilling activity, and natural declines in the Company's light and medium oil fields. See the table below for production by product type.

For the year 2023, the company expects Average Daily Production of 40,000 boe/d - 43,000 boe/d. Total production costs is expected to be $12.50 - $13.50.

For the year 2024, the company expects Average Daily Production of 40,000 boe/d - 42,000 boe/d. Total production costs is expected to be $8.50 - $9.50.