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.

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Gran Tierra Energy Ord Shs

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Comment by Oilpro2001on Nov 10, 2017 10:28am

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Post# 26939208

RE:RE:News Out on GRAN TIERRA ENERGY INC. (T.GTE)

As their Peruvian assets had no real value, and only liabilites associated with commitments to drill wells and acquire seismic, its a good move for GTE. They can focus on their Columbian assets. Maybe if PetroTal can by some miracle make the Peruvian assets work, which will be very unlikely given they are located in the middle of pristine Amazonian jungle, then GTE can sell their 38% interest in PetroTal and make some money. Good move on their part. The PetroTal guys however are the ex BPZ guys that blew that one up.

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