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.

TSX:GTE - Post by User

Gran Tierra Energy Ord Shs

Bullboard Posts

Comment by oilnvstron Nov 27, 2012 11:03am

281 Views

Post# 20648924

RE: RE: RE: RE: RBC Raises GTE Price Target

I don't understand how RBC gets that kind of price. GTE has invested a ton of money in Argentina, and that money should be written off. The government of Argentina has already nationalized all the assets of YPF/Repsol (the Spanish oil company) for just pennies on the dollar. This expropriation took place because YPF/Repsol paid dividends to its shareholders. If GTE tries to take money out of Argentina and invest in other areas (like Columbia) it is likely Argentina will expropriate GTE's assets as well. GTE management avoids even mentioning this "elephant in the room".

Anybody out there have more info on this situation?

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