Frontera to test bondholders with aggressive request

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Frontera to test bondholders with aggressive request

Colombian oil
COLOMBIA Industry Oil Exploration Guavio 1 1959 the first wildcat exploration oil rig on the edge of the Llanos in foothills of Cordillera Oriental. Texaco drillers found oil and this well was forerunner to large oil discoveries in 1980s | Press Association Images

Colombo-Canadian oil and gas company Frontera Energy’s attempt to grant itself the power to make larger payments to shareholders is an aggressive move, said bankers as Fitch highlighted it would be a credit negative.

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