GTE Customer ProspectsGran Tierra provided a drilling update for its operations in Colombia and Brazil, and has provided a summary of the prospective resource potential of its Peru exploration portfolio. The company announced the results of a prospective resource estimate and has identified about 20 prospects and leads on 5.8 million gross acres in Peru, and it is planning on drilling the top four prospects starting in early 2015, having an unrisked Pmean prospective resource of ~1.6 billion barrels with a probability-of-success range between 11-29%. Canaccord Genuity Oil & Gas Analyst Christopher Brown is not incorporating any risked upside associated with blocks 123/129 and block 107 as he believes they are likely going to be unsuccessful. Brown has maintained his bullish rating and target price on GTE shares. GTE holds assets in Colombia, Argentina, Peru and Brazil. The company's strategy is focused on establishing a portfolio of drilling opportunities to exploit undeveloped reserves
to grow production, as well as undertaking exploration drilling to grow future reserves.