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

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Comment by oilnvstron Nov 29, 2012 6:27pm

250 Views

Post# 20663236

It appearsRE: RE: SINOPEC

The tidiest way to reduce exposure in Argentina is via a sale of the assets.

Sinopec need not fear nationalization by Argentina, so I expect they might be interested in the assets, as would YPF. According to the article below, ExonMobil, Chevron and Apache may also be interested in acquiring some producing assets.

If we assume the assets are worth $50,000/boe/d, and they might sell for a 25% discount or about $140mil. I doubt that GTE has that much money into Argentina, so should come close to a break even proposition

https://seekingalpha.com/article/1033831-argentinean-energy-stocks-the-nationalization-fear-and-the-dead-cow-appeal?source=yahoo

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