Gran Tierra Energy Ord Shs T.GTE

Alternate Symbol(s): GTE

Energy Oil & Gas E&P

Gran Tierra Energy Inc. is an independent international energy company. The Company is focused on international oil and natural gas exploration and production with assets in Colombia and Ecuador. The Company has interests in approximately 22 blocks in Colombia, three blocks in Ecuador, and is the operator of 24 of these blocks. Its assets in Colombia represent approximately 99% of its production with oil reserves and production mainly located in the Middle Magdalena Valley (MMV) and Putumayo Basin. In MMV, the Company’s field is the Acordionero field, where it produces approximately 17-degree American Petroleum Institute (API) oil, which represents 52% of total company production. The Putumayo production is approximately 27-degree API for Chaza Block and 18-degree API for Suoriente Block, representing 25% and 14% respectively, of total company production.

TSX:GTE - Post by User

Gran Tierra Energy Ord Shs

Bullboard Posts

Comment by Bankorruptseeon Jan 20, 2015 12:15pm

221 Views

Post# 23339565

RE:RE:RE:sure lots of panic out there

They will burn through the cash quickly and be eating their credit facility before you know it. Their access to the capital markets will be curtailed due to shrinking reserves in a price war environment.

In short, they are screwed.

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