Gran Tierra previously reported 4Q17 production of 34,477 boe/d. Cash flow for 4Q17 of US$69 mm was in line our estimate of US$68 mm and consensus of US$67 mm. With results in line, there are minimal changes to our go-forward estimates in 2018e and 2019. Gran Tierra is currently drilling two exploration wells in the Middle Magdalena Basin that could prove to be positive catalysts for the stock. The Ayombero-1 exploration well is testing the La Luna formation and the Tutomillo-1 exploration we
28 Feb 2018
Gran Tierra reports 4Q17 results that are in line with expectations
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 reports 4Q17 results that are in line with expectations
Gran Tierra Energy Inc. (GTE:LON) | 495 0 0.0% | Mkt Cap: 160.0m
- Published:
28 Feb 2018 -
Author:
Darren B. Engels -
Pages:
9
Gran Tierra previously reported 4Q17 production of 34,477 boe/d. Cash flow for 4Q17 of US$69 mm was in line our estimate of US$68 mm and consensus of US$67 mm. With results in line, there are minimal changes to our go-forward estimates in 2018e and 2019. Gran Tierra is currently drilling two exploration wells in the Middle Magdalena Basin that could prove to be positive catalysts for the stock. The Ayombero-1 exploration well is testing the La Luna formation and the Tutomillo-1 exploration we