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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 ModelT1on Dec 14, 2010 4:31pm
662 Views
Post# 17845888

Comment from Senior Analyst Kirk Wilson of Calgary

Comment from Senior Analyst Kirk Wilson of Calgary
https://seekingalpha.com/article/241840-the-alberta-bakken-trend-kirk-wilson

KW:
Gran Tierra Energy Inc. (GTE) is a very interesting one. It's a relatively low-risk stock. It will basically have a flat production profile from their Costayaco Field in Colombia for the next two years. That should give it a lot of cash flow. Judging by current oil prices, Gran Tierra could be looking at cash flow in the range of $450 million. It also has about $200 million of working capital. That's a lot of capital to deploy, and the company recently started ramping up its exploration. It has had some success at Moqueta and is more actively exploring in southern Colombia. This month, Gran Tierra will drill its first exploration well in Peru. That's more high-risk, high-impact exploration. However, the company is targeting a play that could be as large as 1 billion barrels. It's got a lot of interesting exploration potential from those plays.

Hang on folks........, you'll get your que from the insiders, just like we did with this recent run a few days ago.
Bullboard Posts