Gran Tierra reported better than anticipated 1Q15 production volumes of 20,140 boe/d net after royalties (FCC 18,920 boe/d) and sales
volumes of 19,399 boe/d (FCC 18,920 boe/d). Unfortunately, the Company announced 1Q15 cash fl ow results of approximately US$26 mm
(FCC US$34 mm). The diff erence in cash fl ow can be attributed to lower realized pricing, higher G&A costs (including severance costs) and
cash taxes.
08 May 2015
Modest Increase in the Production Outlook Off set by Reduced Cash Flow Estimate
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Modest Increase in the Production Outlook Off set by Reduced Cash Flow Estimate
Gran Tierra Energy Inc. (GTE:LON) | 495 0 0.0% | Mkt Cap: 159.6m
- Published:
08 May 2015 -
Author:
Darren B. Engels -
Pages:
5
Gran Tierra reported better than anticipated 1Q15 production volumes of 20,140 boe/d net after royalties (FCC 18,920 boe/d) and sales
volumes of 19,399 boe/d (FCC 18,920 boe/d). Unfortunately, the Company announced 1Q15 cash fl ow results of approximately US$26 mm
(FCC US$34 mm). The diff erence in cash fl ow can be attributed to lower realized pricing, higher G&A costs (including severance costs) and
cash taxes.