Added 8.3 MMBOE of 1P Reserves
Realized 1P Finding and Development Costs of $2.65/boe
1P and 2P Net Asset Value per Share Before Tax of $1.15 and $3.25
1P Reserves Equal 59% of 2P Reserves, Demonstrating Strength of Company’s Proved Reserves Base
Achieved Company’s Best Safety Year in 2020: Zero Lost Time Incident Frequency
CALGARY, Alberta, Jan. 26, 2021 (GLOBE NEWSWIRE) Gran Tierra Energy Inc. (“
Gran Tierra” or the “
Company“)
(NYSE American:GTE) (TSX:GTE) (LSE: GTE), a company focused on oil exploration and production in Colombia and Ecuador, today announced the Company’s 2020 year-end reserves as evaluated by the Company’s independent qualified reserves evaluator McDaniel & Associates Consultants Ltd. (“