Market Impact: Positive. Gran Tierra has received a positive ruling with respect to the high-price royalty framework on Moqueta Field production. Previously, there was some market uncertainty or risk that the ruling would contradict Gran Tierra's assessment of the Chaza Block contract terms and interpretation of the Costayaco and Moqueta Fields.
08 Jun 2016
ANNOUNCES POSITIVE ARBITRATION RULING ON MOQUETA FIELD HIGH PRICE ROYALTIES
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ANNOUNCES POSITIVE ARBITRATION RULING ON MOQUETA FIELD HIGH PRICE ROYALTIES
Gran Tierra Energy Inc. (GTE:LON) | 495 0 0.0% | Mkt Cap: 160.0m
- Published:
08 Jun 2016 -
Author:
Darren B. Engels -
Pages:
2
Market Impact: Positive. Gran Tierra has received a positive ruling with respect to the high-price royalty framework on Moqueta Field production. Previously, there was some market uncertainty or risk that the ruling would contradict Gran Tierra's assessment of the Chaza Block contract terms and interpretation of the Costayaco and Moqueta Fields.