RE: Which oneI picked Gran Tierra, gtre.ob, because of the following reasons:
1. Has hit two discovery wells in Columbia as operator with Sor.v as jv partner. Bigger well at Costayaco tested at 5900bpd from all zones but will be produced immediately with oil trucked at 4000bpd. WI on Costayaco is 50%. Other discovery well at Juanambu tested at 778bpd from two zones. WI of 35% here.
2. GTRE.ob has a large land position of over a million acres in Columbia. Overall they control over 6 million acres in Peru, Argentina and Columbia, split 3million/2/1 respectively. Argentina is producing about 600bpd and has it's own new discovery well drilled in 2007.
3. GTRE.ob has two followup development wells to drill at Costayaco quickly. They have a committed drilling rig and will do more seismic to see if there are other development wells.
4. Fully diluted share count is 134million shares for market cap of $254million. Very low compared to PMG, which is 1.2 billion and operating in the llanos basin also.
5. Chose GTRE.ob over Sor.v because they are the operator on both successful discovery wells. SOR.v has drilled several dry holes recently. Their only success has been the two GTRE.ob wells.
This is a very detailed overview of GTRE.ob.
https://www.grantierra.com/wp-content/uploads/2007/07/GTRE_Corp_Presentation_July07.pdf
Added more today in the mid to high 1.80's. Bobwins