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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

Post by monte8on Oct 01, 2024 10:33am
509 Views
Post# 36248202

Re. Opinion

Re. Opinion

The South American oil business of Gran Tierra is still the better (albiet, corrupt governments, payouts occasional disruptions, etc., but they have been there so, so many years and prepared, I’m sure) as the oil sold to international Brent markets. Through the years they have been slowly increasing their reserves and exploring more and more fields.

Canadian oil business of i3 Energy offers only one client, the USA that buy it at WTI, even at a discount. Furthermore, Canadian oil business is not looked favorably and supported by the current Canadian federal government as well as the current US federal government. In fact even the indigenous people protest and prevent any pipeline going to the west coast and Quebec government prevent any pipeline going to the east coast for other international markets. So the i3 Energy acquisition in my opinion was paid at a premium and a waste of money, debt, etc!


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