Colombia/Ecuador: Gran Tierra Energy provides operations and financial update
13 Apr 2021
Increased Current Average Production to 28,930 BOPD, Highest Since February 2020
Increased Acordionero Field Current Average Production1 to 16,400 BOPD, Highest Since September 2019
Reaffirms 2021 Full-Year Production Guidance of 28,000-30,000 BOPD
Gran Tierra Energy has announced an operations and financial update. All dollar amounts are in United States dollars and all production volumes are on a working interest before royalties ( WI ) basis and are expressed in barrels ( bbl ) of oil per day ( bopd ), unless otherwise stated.
Key Highlights:
(1) Approximate average production over the period from March 28, 2021 to April 10, 2021
2021 Production Guidance: Based on the Company s significant progress in increasing production during and subsequent to the first quarter of 2021, Gran Tierra reaffirms its 2021 full-year production guidance of 28,000-30,000 bopd
Gran Tierra Energy Inc. Provides Operations and Financial Update apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
By Roman Chuyan, CFA
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Congress passed over $3 trillion of deficit spending in 2020 to fight the effect of the pandemic. GDP rebounded sharply in Q3 and ended the year down less than 4%, but this rebound was mostly a result of the stimulus money. Consumer sentiment stayed at recession levels, suggesting that people don’t feel much better off financially:
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