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

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Comment by bahtbuilderon Jun 13, 2010 6:13am

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Post# 17184013

No Debt & plenty of cash

https://watch.bnn.ca/market-call-tonight/november-2009/market-call-tonight-november-16-2009/#clip235982

Fantastic way to play Colombia. Net cash position $270 million. Withcurrent production of 15,000 BOE's per day along with cash, you getabout $4.50 of core value so you pay about $1.50 on future explorationsuccess. Remainder of this year will be drilling 7 more high impactwells with 25 million barrels of upside. In 2nd half will be drillingin Peru with a billion barrels recoverable. (1 in 10 shot?)

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