Frontera Energy Corporation (TSX:FEC) agreed to acquire minority stake of 35% in El Dificil block from PCR Investments S.A., for $13 million on December 30, 2021. As of December 30, 2021, Frontera Energy Corporation already owns 65% stake in El Dificil block through Petroleos Sud Americanos S.A.. The transaction is subject to customary closing conditions and approval of the transaction by the Agencia Nacional de Hidrocarburos and is expected to close in the second half of 2022.