Gran Tierra reported 2Q15 production of 23,094 boe/d, which was better than our estimate and consensus. Cash flow from operations of US$24 mm was below expectations due to a build in inventory; however, the inventory was sold in July 2015 and cash flow should normalize
over time. We view 2Q15 results positively.
06 Aug 2015
Gran Tierra Energy (GTE) Announces Better Than Expected 2Q15 Production Results
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Gran Tierra Energy (GTE) Announces Better Than Expected 2Q15 Production Results
Gran Tierra Energy Inc. (GTE:LON) | 548 0 0.0% | Mkt Cap: 176.9m
- Published:
06 Aug 2015 -
Author:
Darren B. Engels -
Pages:
6
Gran Tierra reported 2Q15 production of 23,094 boe/d, which was better than our estimate and consensus. Cash flow from operations of US$24 mm was below expectations due to a build in inventory; however, the inventory was sold in July 2015 and cash flow should normalize
over time. We view 2Q15 results positively.