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 > Year End Dec 31 2020

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Comment by Thechaseron Feb 11, 2021 11:17pm

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Post# 32549137

RE:RE:RE:Year End Dec 31 2020

I did send GET an email regarding this, they didn't clearly stated that they will pay off the debt from the PetroTal proceeds.. but it seems like they would use the proceeds to pay off debt.

"As we have communicated in our recent press releases, Gran Tierra is focused strengthening our balance sheet and we plan to direct free cash flow to further debt reduction in 2021."

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