March 3 (Reuters) - Frontera Energy Corp FEC.TO :
* FRONTERA ANNOUNCES CEO SUCCESSION AND 2021 GUIDANCE
* FRONTERA ENERGY - COMPANY ANNOUNCES APPOINTMENT OF BOARD MEMBER ORLANDO CABRALES SEGOVIA AS CHIEF EXECUTIVE OFFICER, EFFECTIVE MARCH 15, 2021
* FRONTERA ENERGY- SEGOVIA IS REPLACING RICHARD HERBERT WHO HAS SERVED AS CHIEF EXECUTIVE OFFICER FOR LAST THREE YEARS
* COMPANY INTENDS TO FILE WITH TSX A NOTICE OF INTENTION TO COMMENCE A NORMAL COURSE ISSUER BID FOR ITS COMMON SHARES
* 2021 CAPITAL EXPENDITURES OF APPROXIMATELY $200-$295 MILLION ON A CONSOLIDATED BASIS
* FRONTERA- SEES FY COLOMBIAN PRODUCTION OF 40,500-42,500 BOE/D & 2021 EXIT PRODUCTION OF 43,000 BOE/D; ANTICIPATES OPERATING EBITDA OF $275-$325 MILLION