Gran Tierra has purchased 2x Putumayo blocks and 1x Llanos block, with production of 2,200 bbl/d and 6.1 mmbbls 2P reserves, for US$104.2 mm. The production is located on the Suroriente Block (GTE’s WI moves from 15.83% to 52%) and carries waterflood upside while the company highlights exploration potential on the PUT-8 and Llanos-5 blocks that lie immediately adjacent to existing GTE owned leases.
21 Feb 2019
Acquires consolidating Putumayo and Llanos basin positions for US$104 mm
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Acquires consolidating Putumayo and Llanos basin positions for US$104 mm
Gran Tierra Energy Inc. (GTE:LON) | 548 0 0.0% | Mkt Cap: 176.9m
- Published:
21 Feb 2019 -
Author:
Cody R. Kwong -
Pages:
7
Gran Tierra has purchased 2x Putumayo blocks and 1x Llanos block, with production of 2,200 bbl/d and 6.1 mmbbls 2P reserves, for US$104.2 mm. The production is located on the Suroriente Block (GTE’s WI moves from 15.83% to 52%) and carries waterflood upside while the company highlights exploration potential on the PUT-8 and Llanos-5 blocks that lie immediately adjacent to existing GTE owned leases.