New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 7, 2013
05:23 EDTGTEGran Tierra Energy announces successful oil flow tests in Columbia, Argentina
Gran Tierra Energy provided updates for its exploration and operation activities in Colombia, Argentina, Peru and Brazil. "Gran Tierra Energy has confirmed additional resource potential with successful oil flow testing of the Moqueta-7 appraisal well at the Moqueta oil discovery in Colombia, which we are continuing to evaluate with the recently drilled Moqueta-8 appraisal well. We have yet to define the boundaries of the growing field, and are currently planning the next three wells to continue the appraisal program in the first half of 2013." said Dana Coffield, president and CEO of Gran Tierra Energy. "In addition, Gran Tierra Energy has successfully completed its first multi-stage fracture stimulated horizontal well. This successful application of technology to a new tight reservoir in Argentina has delivered outstanding results, and the experience from this well will serve us well as we expand the application of this technology to our drilling program in Brazil," concluded Coffield.
News For GTE From The Last 14 Days
Check below for free stories on GTE the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
August 7, 2014
05:38 EDTGTEGran Tierra reports Q2 EPS 3c, consensus 14c
Reports Q2 revenue $148.5M, consensus $168.84M. Quarterly oil and natural gas production net after royalties, or NAR, adjusted for inventory changes and losses, and including volumes associated with the discontinued operations of the Argentina business unit, of 20,121 BOEPD, was an 8% decrease from production of 21,819 BOEPD for the three months ended March 31, and represents a decrease of 9% from 22,131 BOEPD in the comparable period in 2013. In 2014, an inventory increase in Colombia due to pipeline disruptions and deliveries to a new customer with a protracted sales cycle accounted for reduced production of 0.2M barrels or 1,293 BOEPD. Gran Tierra Energy expects to sell this additional inventory during Q3.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use