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CALGARY, Alberta, March 10, 2026 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce that it has entered into a definitive agreement (the "Arrangement Agreement") with Frontera Energy Corporation (“Frontera”) (TSX: FEC), whereby Parex will acquire 100% of Frontera Petroleum International Holdings B.V. (“Frontera E&P”), which holds all of Frontera's exploration and production assets in Colombia, for upfront cash consideration of US$500 million, the assumption of US$225 million of net debt(11), and a contingent payment of US$25 million (the “Transaction”).

Energy firm GeoPark on Monday decided not ​to raise its offer for the ‌Colombian oil and gas assets of Frontera Energy , after Frontera deemed a competing offer from Parex Resources ​to be "superior."

BOGOTA, Colombia--(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent energy company with over 20 years of successful operations across Latin America, today announced that it has declined to raise its offer for Frontera Energy's (“Frontera”) Colombian E&P assets. After careful evaluation, GeoPark's Board of Directors determined that increasing its offer would not be consistent with the Company's disciplined capital allocation framework or long-t.

GPRK secures a $107M strategic investment from Grupo Gilinski, strengthening its balance sheet and accelerating growth across Colombia, Argentina and beyond.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

BOGOTA, Colombia--(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent energy company with over 20 years of successful operations across Latin America, today announced a strategic private investment in public equity (PIPE) transaction with Colden Investments S.A. (“Colden”), an affiliate of Jaime Gilinski, who leads one of Latin America's most diversified global investment groups (“Grupo Gilinski”). The investment was led by Jaime and Gabriel Gilinsk.

CALGARY, AB, March 2, 2026 /PRNewswire/ - Frontera Energy Corporation (TSX: FEC) ("Frontera" or the "Company") is today providing an update on the previously-announced unsolicited, non-binding proposal made by Parex Resources Inc. ("Parex") to acquire all of Frontera's upstream Colombian exploration and production business (the "Frontera E&P Assets"), being the same assets that Frontera has agreed to sell to a subsidiary of GeoPark Limited ("GeoPark") under the previously announced arrangement agreement between Frontera and GeoPark dated January 29, 2026 (the "GeoPark Arrangement Agreement").  Since receipt of the non-binding proposal, consistent with its fiduciary responsibilities, the Frontera Board of Directors, in consultation with its outside legal counsel and independent financial advisors, has carefully reviewed and considered the Parex non-binding proposal and has had ongoing discussions and negotiations with Parex, including providing it with certain non-public information regarding Frontera pursuant to a confidentiality agreement.