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 > It is head-shaking to ponder not putting the 70 million

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Comment by Rational43on Sep 15, 2023 11:00pm

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RE:It is head-shaking to ponder not putting the 70 million

Couldn't agree more. At this price buying back shares is the only sensible use of capital.

Not sure what agreements to spend are required to hold acreage though, may have some part to play.

Too many oil companies think their job is to produce more oil, and aren't sophisticated enough to understand you can grow PRODUCTION PER SHARE another, cheaper way.

Stock is SO undervalued, and they are buying shares via NCIB, so at least they are moving the right way.

At $90+ Brent they have money to do it all.

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