Nov 7 (Reuters) - Frontera Energy Corp FEC.TO :
* FRONTERA ANNOUNCES THIRD QUARTER 2018 RESULTS
* SAYS NET PRODUCTION AVERAGED 58,558 BOE/D DURING Q3, DOWN 18% AND 9% FROM PRIOR YEAR PERIOD AND PRIOR QUARTER, RESPECTIVELY
* OIL AND GAS SALES AND OTHER REVENUE IN QUARTER OF $382.2 MILLION WERE UP 38% FROM PRIOR YEAR PERIOD AND DOWN 9% FROM PRIOR QUARTER
* QTRLY BASIC NET INCOME OF $0.45/SHARE
* AFFIRMING 2018 OPERATING EBITDA GUIDANCE OF $400 TO $450 MILLION
* 2018 MIDPOINT OF AVERAGE ANNUAL DAILY NET PRODUCTION GUIDANCE IS LOWERED BY 5% TO 64,000 BOE/D (FROM 67,500 BOE/D)
* SAYS APPOINTMENT OF VERONIQUE GIRY TO BOARD OF DIRECTORS
* SEES 5% DECREASE TO MIDPOINT OF CAPITAL EXPENDITURES GUIDANCE FOR 2018 TO $450 MILLION (FROM $475 MILLION).
* SAYS FY 2018 PRODUCTION COST GUIDANCE IS INCREASED TO A MIDPOINT VALUE OF $14.25/BOE (FROM $13.00/BOE)