Canaccord Genuity Upgrades Gran Tierra Energy (GTE) to Buy
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Gran Tierra Energy (GTE) Updates on Production and Colombia, Peru Operations
January 20, 2015 9:03 AM ESTGran Tierra Energy (NYSE: GTE) provided an operations update.
Production
Oil and natural gas production from continuing operations averaged approximately 25,200 barrels of oil equivalent per day ("BOEPD") gross working interest ("WI") in 2014, or approximately 19,300 BOEPD net after royalties ("NAR") before adjustment for inventory changes and losses, or approximately 18,500 BOEPD NAR adjusted for inventory changes and losses. Approximately 99% of the 2014 production is oil, with the balance consisting of natural gas.
Colombia
Chaza Block, Putumayo Basin (100% WI and Operator)
The Eslabón Sur exploration well reached a true vertical depth of 9,708 feet.... More
