Gran Tierra reported 4Q15 produc on of 23,138 boe/d and cash ow of US$16.9 mm that was in line with expectations. Gran Tierra is guiding for 2016e production to range between 27,500 boe/d to 29,000 boe/d. We are forecas ng produc on of 28,000 boe/d and cashflow of US$95 mm. Our outlook for 2016e and 2017e is unchanged. The Company had previously announced year-end 2015 reserves. Please refer to our Facts dated January 22, 2016.
