Gran Tierra Energy (GTE) Reports Q2 Loss of $0.21

August 8, 2016 6:07 AM EDT
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Gran Tierra Energy (NYSE: GTE) reported Q2 EPS of ($0.21), versus ($0.15) reported last year.

On June 30, 2016, Gran Tierra entered into a share purchase agreement to acquire all of the issued and outstanding common shares of PetroLatina Energy Ltd. ("PetroLatina") for cash consideration of $525.0 million (the "Acquisition"), subject to customary working capital and other adjustments. The Acquisition is also subject to customary closing conditions, including, among other things, any required regulatory approval. Approval from the Agencia Nacional de Hidrocarburos (National Hydrocarbon Agency) ("ANH") of Colombia was received on July 29, 2016 and the Acquisition is expected to close prior to August 31, 2016.

For earnings history and earnings-related data on Gran Tierra Energy (GTE) click here.

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