06:53 AM EDT, 06/02/2025 (MT Newswires) -- Frontera Energy ( FECCF ) on Monday launched its previously announced substantial issuer bid in which the company is offering to buy back 7.6 million common shares for cancellation for $12.00 each, for a maximum aggregate price of about $91 million.

The offer expires on July 10.

In a separate statement, Frontera announced changes to the company's previously announced cash tender offer and consent solicitation of its outstanding 7.875% Senior Notes due 2028, made upon the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated May 9, 2025.

FEC edged down $0.02 at $5.81 on Friday.