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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Post by morselon Jul 13, 2023 3:14pm

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Post# 35539942

Return of investor confidence in GTE and crude?

The GTE price is appoaching the price at consolidation. Investor confidence was shaken by the Q1 loss and having to consolidate to avoid taking on penny-stock status.

Hopefully, GTE will show a return to profitibility in Q2. The cost of the Q2 development wells should be half the cost than in Q1.

Crude has been oversold and now there will be a supply crunch. All good news for GTE.

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