Frontera Energy Management

Management criteria checks 2/4

Frontera Energy's CEO is Orlando Cabrales Segovia, appointed in Mar 2021, has a tenure of 3.17 years. total yearly compensation is $2.08M, comprised of 21% salary and 79% bonuses, including company stock and options. directly owns 0.014% of the company’s shares, worth €74.10K. The average tenure of the management team and the board of directors is 3.2 years and 7.5 years respectively.

Key information

Orlando Cabrales Segovia

Chief executive officer

US$2.1m

Total compensation

CEO salary percentage	21.0%
CEO tenure	3.2yrs
CEO ownership	0.01%
Management average tenure	3.2yrs
Board average tenure	7.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Orlando Cabrales Segovia's remuneration changed compared to Frontera Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$2m	US$436k	US$193m
Sep 30 2023	n/a	n/a	US$299m
Jun 30 2023	n/a	n/a	US$240m
Mar 31 2023	n/a	n/a	US$173m
Dec 31 2022	US$2m	US$434k	US$287m
Sep 30 2022	n/a	n/a	US$718m
Jun 30 2022	n/a	n/a	US$784m
Mar 31 2022	n/a	n/a	US$744m
Dec 31 2021	US$1m	US$402k	US$628m
Sep 30 2021	n/a	n/a	US$47m
Jun 30 2021	n/a	n/a	-US$82m
Mar 31 2021	n/a	n/a	-US$124m
Dec 31 2020	US$163k	n/a	-US$497m
Sep 30 2020	n/a	n/a	-US$477m
Jun 30 2020	n/a	n/a	-US$435m
Mar 31 2020	n/a	n/a	-US$140m
Dec 31 2019	US$163k	n/a	US$294m
Sep 30 2019	n/a	n/a	US$108m
Jun 30 2019	n/a	n/a	US$202m
Mar 31 2019	n/a	n/a	-US$210m
Dec 31 2018	US$25k	n/a	-US$259m

Compensation vs Market: Orlando's total compensation ($USD2.08M) is above average for companies of similar size in the German market ($USD993.65K).

Compensation vs Earnings: Orlando's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Orlando Cabrales Segovia (54 yo)

3.2yrs

Tenure

US$2,080,545

Compensation

Mr. Orlando Cabrales Segovia is the Chief Executive Officer of Frontera Energy Corporation since March 3, 2021. He is an Independent Director of Isagen S.A. E.S.P. He has been a Director General of Nationa...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Orlando Cabrales Segovia	CEO & Director	3.2yrs	US$2.08m	0.014% $ 74.1k
Rene Burgos Diaz	Chief Financial Officer	1.9yrs	US$1.30m	0.021% $ 113.1k
Alejandra Bonilla	General Counsel & Secretary	3.2yrs	US$818.99k	0.013% $ 67.2k
Renata Campagnaro	Corporate Vice President of Marketing	4.3yrs	US$881.75k	0.10% $ 561.9k
Victor Vega	Corporate Vice President of Field Development	2.6yrs	US$860.95k	0.018% $ 94.0k
Ivan Arevalo	Corporate Vice President of Operations	3.8yrs	US$686.83k	0.015% $ 82.4k
Brent Anderson	Director of Investor Relations	no data	no data	no data

3.2yrs

Average Tenure

Experienced Management: 3PY3's management team is considered experienced (3.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Orlando Cabrales Segovia	CEO & Director	5.5yrs	US$2.08m	0.014% $ 74.1k
Luis Alarcon Mantilla	Independent Director	7.5yrs	US$182.61k	no data
Gabriel de Alba	Independent Chairman of the Board	7.5yrs	US$203.67k	no data
W. Armstrong	Independent Director	7.5yrs	US$188.39k	no data
Russell Ford	Independent Director	7.5yrs	US$172.86k	no data
Veronique Giry	Independent Director	5.5yrs	US$172.45k	no data

7.5yrs

Average Tenure

59.5yo

Average Age

Experienced Board: 3PY3's board of directors are considered experienced (7.5 years average tenure).

Frontera Energy Management

Management criteria checks 2/4

Key information

Recent management updates

Frontera Energy Corporation, Annual General Meeting, May 23, 2024

Insufficient new directors

Insufficient new directors

Frontera Energy Corporation Announces Board Changes

Insufficient new directors

Corporate Vice President of Operations recently sold €164k worth of stock

Recent updates

Frontera Energy Corporation to Report Q1, 2024 Results on May 08, 2024

Now 21% overvalued after recent price rise

Upcoming dividend of CA$0.063 per share

Frontera Energy Corporation, Annual General Meeting, May 23, 2024

Full year 2023 earnings released: EPS: US$2.27 (vs US$3.16 in FY 2022)

Frontera Energy Corporation Declares Dividend on Common Share, Payable on or Around April 16, 2024

Frontera Energy Corporation to Report Q4, 2023 Results on Mar 07, 2024

Frontera Energy Corporation Adopts Dividend Policy

Frontera Energy Corporation Adopts Dividend Policy

Now 35% undervalued after recent price drop

Cgx Energy Inc. and Frontera Energy Corporation Announces the Discovery of Total of 114 Feet (35 Meters) of Net Pay At the Wei-1 Well on the Corentyne Block

Third quarter 2023 earnings released: EPS: US$0.38 (vs US$0.30 loss in 3Q 2022)

New minor risk - Share price stability

Frontera Energy Corporation to Report Q3, 2023 Results on Nov 09, 2023

Second quarter 2023 earnings released: EPS: US$0.94 (vs US$0.14 in 2Q 2022)

Frontera Energy Corporation to Report Q2, 2023 Results on Aug 10, 2023

CGX Energy Inc. and Frontera Energy Corporation Discover Oil At the Wei-1 Well

Frontera Energy Corporation Announces Joint Venture with CGX Energy Inc

First quarter 2023 earnings released: US$0.13 loss per share (vs US$1.08 profit in 1Q 2022)

Insufficient new directors

Frontera Energy Corporation to Report Q4, 2022 Results on Mar 01, 2023

Frontera Energy Corporation Resumes Operations At Quifa and Cpe-6 Blocks

Frontera Energy Corporation Provides Production Guidance for the Month, Fourth Quarter and Full Year Ended December 2022 and for the Full Year 2023

CGX Energy Inc. and Frontera Energy Corporation Spuds the Wei-1 Well, on the Corentyne Block, Approximately 200 Kilometres Offshore from Georgetown, Guyana

Frontera Energy Corporation and CGX Energy Inc. Provide Update On Wei-1 Well Preparations

Insufficient new directors

Third quarter 2022 earnings released: US$0.30 loss per share (vs US$0.40 profit in 3Q 2021)

Frontera Energy Corporation to Report Q3, 2022 Results on Nov 01, 2022

Second quarter 2022 earnings released: EPS: US$0.14 (vs US$0.26 loss in 2Q 2021)

Frontera Energy Corporation Revises Production Guidance for the Year 2022

Frontera Energy Corporation to Report Q2, 2022 Results on Aug 09, 2022

Frontera Energy Corporation (TSX:FEC) announces an Equity Buyback for CAD 65 million worth of its shares.

Frontera Provides Update on Exploration Block Offshore Guyana

Frontera Energy Corporation Announces Board Changes

CGX Energy Inc. and Frontera Energy Corporation Announces Integrated Results from the Kawa-1 Exploration Well

First quarter 2022 earnings released: EPS: US$1.08 (vs US$0.14 loss in 1Q 2021)

Frontera Energy Corporation Provides Production Guidance for the Fiscal Year 2022

Insufficient new directors

Frontera Energy Corporation to Report Q1, 2022 Results on May 03, 2022

Corporate Vice President of Operations recently sold €164k worth of stock

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Frontera Energy Corporation to Report Fiscal Year 2021 Results on Mar 02, 2022

CGX Energy Inc. and Frontera Energy Corporation Announce to Focus on Exploration Opportunities in the Corentyne Block

Investor sentiment improved over the past week

CGX Energy Inc. and Frontera Energy Corporation Announces That Joint Venture Has Made Discovery At Kawa-1 Well, Offshore Guyana

Frontera Announces Hydrocarbon Discovery At Jandaya-1 Well in Ecuador

Frontera Energy Corporation (TSX:FEC) completed the acquisition of Petróleos Sudamericanos S.A.

Insufficient new directors

Frontera Energy Corporation (TSX:FEC) agreed to acquire El Dificil block from PCR Investments S.A., for $13 million.

Investor sentiment improved over the past week

CGX Energy Inc. and Frontera Energy Corporation Provides Operational Update on Kawa-1 Exploration Well, Offshore Guyana

Insufficient new directors

Insider recently bought €52k worth of stock

Third quarter 2021 earnings released: EPS US$0.40 (vs US$0.93 loss in 3Q 2020)

Frontera Energy Corporation Announces Kawa-1 Exploration Well Offshore Guyana Has Spud

Frontera Energy Corporation Provides Operational Update

Frontera Energy Corporation Resumes Operations at CPE-6 Five Rigs Across Portfolio CPE-6 Boundary Extension Authorized by the ANH

Frontera Energy Corporation Provides Colombian Update CPE-6 Operations Temporarily Shut-In Production Guidance Maintained for the Year

Independent Director has left the company

Frontera Energy Corporation Provides Production Guidance for the Year 2021

First quarter 2021 earnings released: US$0.14 loss per share (vs US$4.04 loss in 1Q 2020)

Chief Executive Officer Richard Herbert has left the company

Frontera Energy Corporation, Annual General Meeting, May 19, 2021

Full year 2020 earnings released: US$5.13 loss per share (vs US$3.01 profit in FY 2019)

New 90-day high: €4.64

Frontera Energy Corporation Announces CEO Changes

Frontera Energy Corporation to Report Fiscal Year 2020 Results on Mar 03, 2021

Frontera Energy Corporation and CGX Energy Inc. Release Independent Resource Evaluation for Guyana Blocks

New 90-day high: €3.10