Company Recognized with '2nd annual SDG Award' Related to Outstanding Engagement with Indigenous Groups in Colombia
Frontera's initiatives included promoting the well-being and improved quality of life of indigenous groups throughout its operations in Colombia
TORONTO, Sept. 28, 2017 /CNW/ - Frontera Energy Corporation (TSX: FEC) ("Frontera" or the "Company") is pleased to announce it has been named a Canadian Sustainable Development Goal award winner through public voting by the United Nations Global Compact Network Canada for the Company's outstanding efforts in adopting and implementing the United Nations Sustainable Development Goals (SDG) in its engagement with indigenous communities in Colombia.
Frontera was recognized for its initiatives aimed at contributing to food sovereignty, access to clean water, institutional capacities with a differential approach, access to education, and promotion and prevention of diseases within the ethnic groups that are present in its areas of operations in Colombia.
Alejandro Jimenez, Corporate Affairs Director of Frontera Energy, stated: "This award recognizes that our engagement with ethnic communities in Colombia and Peru is a priority for the company. We recognize that our operations are interwoven within these communities and Frontera is committed to develop initiatives that promote well-being, improve quality of life and strengthen their organizational capacities. Through active and open engagement we have a tremendous opportunity to deliver enhanced socio-economic opportunities and share in the overall wellbeing of each community."
Barry Larson, Chief Executive Officer of the Company, commented: "We are very proud that our sustainability policy in Colombia and Peru, which is a central pillar for Frontera Energy's strategic direction, is contributing to sustainable progress for this important stakeholder."
Frontera's projects with ethnic communities address Sustainable Development Goals such as Zero Hunger, Good Health and Well-Being, Quality Education, Clean Water and Sanitation, Responsible Consumption and Production, and Life on Land.
This award intends to encourage all Canadian organizations to embed the 17 Global Goals and highlights the progress that both private and public sectors have made towards solving pressing environmental, social and economic challenges. Since its inception in 2013, the Canadian Chapter of the United Nations Global Compact has been dedicated to assisting over 150 Canadian organizations with the advancement of the United Nations Global Compact's 10 Principles and 17 Sustainable Development Goals.
Frontera is a Canadian public company and a leading explorer and producer of crude oil and natural gas, with operations focused in Latin America. The Company has a diversified portfolio of assets with interests in more than 25 exploration and production blocks in Colombia and Peru. The Company's strategy is focused on sustainable growth in production and reserves and cash generation. Frontera is committed to conducting business safely, in a socially and environmentally responsible manner.
The Company's common shares trade on the Toronto Stock Exchange under the ticker symbol "FEC".
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Cautionary Note Concerning Forward-Looking Statements
This news release contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding estimates and/or assumptions in respect of production, revenue, cash flow and costs, reserve and resource estimates, potential resources and reserves and the Company's exploration and development plans and objectives) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: uncertainty of estimates of capital and operating costs, production estimates and estimated economic return; uncertainties associated with estimating oil and natural gas reserves; failure to establish estimated resources or reserves; volatility in market prices for oil and natural gas; fluctuation in currency exchange rates; inflation; changes in equity markets; perceptions of the Company's prospects and the prospects of the oil and gas industry in Colombia and the other countries where the Company operates or has investments as the result of the completion of the Company's comprehensive restructuring transaction or otherwise; uncertainties relating to the availability and costs of financing needed in the future; the uncertainties involved in interpreting drilling results and other geological data; and the other risks disclosed under the heading "Risk Factors" and elsewhere in the Company's annual information form dated March 14, 2017 filed on SEDAR at www.sedar.com. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
SOURCE Frontera Energy Corporation