Market Impact: Positive. Gran Tierra reported 3Q15 production of 23,368 boe/d, which was better than expected because of new production volumes from optimization efforts. FirstEnergy was forecasting 22,424 boe/d and consensus was at 22,424 boe/d. Cash flow of US$37 mm was also stronger than FirstEnergy's estimate of US$24 mm and consensus of US$28 mm, due to higher than anticipated sales volumes that includes sales from inventory.
04 Nov 2015
ANNOUNCES STRONG 3Q15 RESULTS AND OPERATIONAL UPDATE
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ANNOUNCES STRONG 3Q15 RESULTS AND OPERATIONAL UPDATE
Gran Tierra Energy Inc. (GTE:LON) | 548 0 0.0% | Mkt Cap: 176.9m
- Published:
04 Nov 2015 -
Author:
Darren B. Engels -
Pages:
3
Market Impact: Positive. Gran Tierra reported 3Q15 production of 23,368 boe/d, which was better than expected because of new production volumes from optimization efforts. FirstEnergy was forecasting 22,424 boe/d and consensus was at 22,424 boe/d. Cash flow of US$37 mm was also stronger than FirstEnergy's estimate of US$24 mm and consensus of US$28 mm, due to higher than anticipated sales volumes that includes sales from inventory.