Administrative Tribunal of Cundinamarca Approves Conciliation Agreement

Source: 11/1/2021, Location: South America

Frontera Energy Corporation announced that the official webpage of the Colombian judicial branch reported that the Administrative Tribunal of Cundinamarca has approved the Conciliation Agreement ("Conciliation Agreement") between Frontera, Cenit Transporte y Logística de Hidrocarburos S.A.S. ("CENIT") and Oleoducto Bicentenario de Colombia S.A.S. ("Bicentenario"). Formalities are required in order for the mentioned decision to be in full force and effect. Consequently, the Parties agreed to extend the deadline for approval of the Conciliation Agreement until November 30, 2021, to allow for formalities to be completed.

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