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Gran Tierra Energy Ord Shs T.GTE

Alternate Symbol(s):  GTE

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

Bullboard Posts
Comment by Oilpro2001on Nov 20, 2017 2:04pm
138 Views
Post# 26997792

RE:Thanks, oilpro. Given the stellar financial metrics of the

RE:Thanks, oilpro. Given the stellar financial metrics of theDrunk@noon, yes for the old existing vertical wells drilled through the A limestone the limestone interval can be cheaply recompleted thus capturing incremental oil reserves from a well that was already drilled.  A new vertical well drilled and dedicated to producing from only the A limestone however will not be economic, as the reserve capture will be too small to justify the cost of drilling the well, hence the need for horizontals, more expensive and tricky, but much higher reserve capture.  Like I said before, a very new and interesting play in Columbia.
Bullboard Posts