This assessment has resulted in a decrease in the net capital losses of the Company, as last reported in the 2023 Annual Consolidated Financial Statements, and an increase in the computed amount of the historical paid-up capital in respect of the Shares. This adjustment may impact the quantum of dividends deemed to have been received by certain shareholders of Frontera in respect of the repurchase of Shares pursuant to the Company's substantial issuer bid that was completed on August 11, 2022. About Frontera Frontera Energy Corporation is a Canadian public company involved in the exploration, development, production, transportation, storage and sale of oil and natural gas in South America, including related investments in both upstream and midstream facilities. The Company has a diversified portfolio of assets with interests in 22 exploration and production blocks in Colombia, Ecuador and Guyana, and pipeline and port facilities in Colombia.