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Tuscany International Drilling Inc T.TID

Energy Oil & Gas Equipment & Services


TSX:TID - Post by User

Tuscany International Drilling Inc > Gran Tierra Energy
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Post by doggonemadon Jan 20, 2014 11:59am
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Post# 22111436

Gran Tierra Energy

Gran Tierra EnergyI still think something is brewing with GTE.

If it is not a sell then it is a working relationship with them in Brazil.

This is why I think:

- GTE enters Brazil in 2013
- April 2013, Jeff Scott, resigns from Tuscany Board (Jeff is the Chairman of the Board at GTE), due to potential conflicts of interest going forward
- in May GTE is awarded an additional 3 block in Brazil for a total of 7
- at year end 2013, GTE announces a capital spending program for 2014 of $467MM
- GTE is looking ot expand even more in Brazil

What do you guys think?

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