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Stock Market & Financial Investment News

News Breaks
January 4, 2013
13:45 EDTEC, GTEGran Tierra Energy reports agreement with Ecopetrol
In an 8-K filing, Gran Tierra Energy Colombia Ltd. said that it and Petrolifera Petroleum, both wholly owned indirect subsidiaries of Gran Tierra Energy (GTE), each entered into an agreement with Ecopetrol S.A. (EC) on December 28, 2012. The Purchase Agreements provide that Gran Tierra Colombia and Petrolifera Colombia agree to sell to Ecopetrol, and Ecopetrol agrees to purchase from Gran Tierra Colombia and Petrolifera Colombia, up to 100% of the volume of crude oil production produced in the Chaza Block, Santana Block and Guayuyaco Block owned by Gran Tierra Colombia and Petrolifera Colombia. The volume of crude oil does not include the volume of oil owned by the National Hydrocarbons Agency corresponding to royalties. The Purchase Agreements further provide that for Putumayo Production that is to be exported through the Port of Tumaco on the Pacific coast of Colombia, the sales point is designated as the Tumaco Port rather than a point in the Putumayo basin.
News For GTE;EC From The Last 14 Days
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March 3, 2015
05:19 EDTECEcopetrol reports Q4 EPS (COP$15.00) vs. COP$64.00 last year
Reports Q4 revenue COP$14.79T vs. COP$17.96T last year.
March 2, 2015
05:09 EDTGTEGran Tierra reports Q4 EPS (94c), may not compare to consensus 4c
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