Gran Tierra reported 2Q16 production of 25,744 boe/d that was in line with our expectations, but 4% less than consensus. However, cash flow from operations of US$34 mm was in line with our expectations and consensus. Gran Tierra is forecasting production growth over the second half of the year, due to a workover program and improved facility capacity utilization at the Costayaco and Moqueta Fields, the closing of the PetroLatina acquisition, and the commencement of exploration drilling in 3Q1
09 Aug 2016
Reports 2Q16 Results
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Reports 2Q16 Results
Gran Tierra Energy Inc. (GTE:LON) | 548 0 0.0% | Mkt Cap: 176.9m
- Published:
09 Aug 2016 -
Author:
Darren B. Engels -
Pages:
10
Gran Tierra reported 2Q16 production of 25,744 boe/d that was in line with our expectations, but 4% less than consensus. However, cash flow from operations of US$34 mm was in line with our expectations and consensus. Gran Tierra is forecasting production growth over the second half of the year, due to a workover program and improved facility capacity utilization at the Costayaco and Moqueta Fields, the closing of the PetroLatina acquisition, and the commencement of exploration drilling in 3Q1