Frontera reveals receipt, considering unsolicited proposal from Parex Resources

BOGOTÁ, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 23.Feb.2026, Words: 177) — Frontera Energy Corporation acknowledges receipt from Parex Resources Inc. of an unsolicited proposal to acquire all of Frontera’s upstream Colombian exploration and production business.

These are the same assets that that Frontera has agreed to sell to a subsidiary of GeoPark Limited under the previously announced arrangement agreement between Frontera and GeoPark dated 29 Jan. 2026.