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 97% of its production with oil reserves and production 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 13% respectively, of total company production. It also has production base in Canada's hydrocarbon region, the Western Canadian Sedimentary Basin and appraisal assets in the North Sea.

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Gran Tierra Energy Ord Shs

Bullboard Posts

Post by thegovon Nov 28, 2008 11:04am

540 Views

Post# 15616369

Cost to convert from GTX to GTE

I was just informed by ETrade that there is a fee ($50 or $150) toexchange from GTX to GTE. They cannot do it automatically. They need tomake out a certificate, send it to the transfer agent and basicallymanually convert to GTE stock. This seems to make the Solana Plan ofArrangement Summary rather misleading when it states that the GTX to GTE is asimple one-for-one exchange. (The details listed later are quite messy & confusing).
Considering the significant difference discount GTX is showing with lack of volume this is rather annoying.
Could anyone comment or verify.
Thank you.

(Posting on GTX and GTE boards)

Bullboard Posts

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