March 23 (Reuters) - Frontera Energy Corp FEC.TO :
* FRONTERA ANNOUNCES RESPONSES TO LOWER OIL PRICE ENVIRONMENT
* FRONTERA ENERGY CORP - ANNOUNCED RESPONSES TO LOWER OIL PRICE ENVIRONMENT, WHICH INCLUDES A REDUCTION IN 2020 CAPITAL PLAN
* FRONTERA ENERGY CORP - DAVID DYCK IS STEPPING DOWN AS CHIEF FINANCIAL OFFICER, EFFECTIVE MARCH 31, 2020
* FRONTERA ENERGY - ON APRIL 1, ALEJANDRO PIÑEROS, WHO CURRENTLY SERVES AS CORPORATE VICE-PRESIDENT OF STRATEGY & PLANNING, WILL BECOME CO'S CFO
* FRONTERA ENERGY CORP - PLANNED 2020 CAPITAL EXPENDITURES ARE BEING REDUCED BY AROUND 60%
* FRONTERA ENERGY CORP - COMPANY IS CURRENTLY REDUCING PLANNED 2020 CAPITAL EXPENDITURES BY AROUND 60% TO A RANGE OF $130 TO $150 MILLION
* FRONTERA ENERGY CORP - REVISED AVERAGE ANNUAL PRODUCTION IN 2020 IS EXPECTED TO BE IN RANGE OF 55,000 TO 60,000 BOE/D
* FRONTERA ENERGY CORP - COMPANY HAS DELIBERATELY SHUT-IN A NUMBER OF WELLS THAT ARE NOT ECONOMIC TO OPERATE AT CURRENT PRICES
* FRONTERA ENERGY CORP - COMPANY IS ALSO ACTIVELY WORKING TO REDUCE PRODUCTION, TRANSPORTATION AND G&A COSTS
* FRONTERA ENERGY CORP - CFO TO STEP DOWN IN CONNECTION WITH COST SAVINGS INITIATIVES & IN AN EFFORT TO STREAMLINE ORGANIZATION