Gran Tierra reported 3Q17 production of 32,570 boe/d. The Costayaco and Moqueta Fields continue to suffer production interruptions due to electrical outages associated with the Mocoa natural disaster. The company reported 3Q17 cash flow of US$55 mm, which was slightly better than our estimate and consensus. The 3Q17 operational update was positive with an active program at the Acordionero Field and new production successes in the Putumayo Basin. Our 2018e outlook remains relatively unchanged
03 Nov 2017
Gran Tierra announces 3Q17 results and strong operational update
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Gran Tierra announces 3Q17 results and strong operational update
Gran Tierra Energy Inc. (GTE:LON) | 652 0 0.0% | Mkt Cap: 204.4m
- Published:
03 Nov 2017 -
Author:
Darren B. Engels -
Pages:
9
Gran Tierra reported 3Q17 production of 32,570 boe/d. The Costayaco and Moqueta Fields continue to suffer production interruptions due to electrical outages associated with the Mocoa natural disaster. The company reported 3Q17 cash flow of US$55 mm, which was slightly better than our estimate and consensus. The 3Q17 operational update was positive with an active program at the Acordionero Field and new production successes in the Putumayo Basin. Our 2018e outlook remains relatively unchanged