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Gran Tierra Energy Ord Shs T.GTE

Alternate Symbol(s):  GTE

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.


TSX:GTE - Post by User

Bullboard Posts
Post by david39on Apr 08, 2010 9:35am
131 Views
Post# 16969016

GTE

GTEGTE has not performed as well as expected so people are stepping away from this one. For the second day in a row it closed in negative territory. The stock tried to rally but there were too many sellers in the market place that drove the stock down. People were expecting to see an upward move as a follow up to the breakout on Monday. If the stock come back close to the breakout point (area of $6.00) and with a new massive volume increase.
Bullboard Posts