Market Impact: Slightly negative. Gran Tierra reported 1Q16 production of 25,610 boe/d, which was below our estimate of 26,700 boe/d and the consensus estimate of 26,521 boe/d. Although 1Q16e production was lower than expected, April 2016 production volumes of 26,700 boe/d are on track and the Company reiterated its 2016 production guidance between 27,500 boe/d and 29,000 boe/d. As a result of lower than expected production, as well as some one-time costs, cash flow of US$11.4 mm was below our e ....
04 May 2016
GRAN TIERRA ENERGY (GTE) REPORTS 1Q16 RESULTS
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
GRAN TIERRA ENERGY (GTE) REPORTS 1Q16 RESULTS
Gran Tierra Energy Inc. (GTE:LON) | 495 0 0.0% | Mkt Cap: 159.6m
- Published:
04 May 2016 -
Author:
Darren B. Engels -
Pages:
3
Market Impact: Slightly negative. Gran Tierra reported 1Q16 production of 25,610 boe/d, which was below our estimate of 26,700 boe/d and the consensus estimate of 26,521 boe/d. Although 1Q16e production was lower than expected, April 2016 production volumes of 26,700 boe/d are on track and the Company reiterated its 2016 production guidance between 27,500 boe/d and 29,000 boe/d. As a result of lower than expected production, as well as some one-time costs, cash flow of US$11.4 mm was below our e ....