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Gran Tierra Energy Inc. Announces First Quarter 2021 Results
Gran Tierra Energy Inc.May 5, 2021 GMT
Achieved First Quarter 2021 Average Production of 24,463 BOPD, Up 12% from Prior Quarter
Increased Current Average Production to 28,200 BOPD
2020 Sustainability Report Published
Increases 2021 Full-Year Budget Guidance: Cash Flow
2
2
of $255 - $275 Million
CALGARY, Alberta, May 04, 2021 (GLOBE NEWSWIRE) Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced the Company’s financial and operating results for the quarter ended March 31, 2021 (“the Quarter”). All dollar amounts are in United States dollars and production amounts are on an average working interest before royalties (“WI”) basis unless otherwise indicated. Per barrel (“bbl”) amounts are based on WI sales before royalties. For per bbl amounts
Company”
) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced the Company’s financial and operating results for the quarter ended March 31, 2021 (“
the Quarter”). All dollar amounts are in United States dollars and production amounts are on an average working interest before royalties (“
WI”) basis unless otherwise indicated. Per barrel (“
bbl”) amounts are based on WI sales before royalties. For per bbl amounts based on net after royalty (“
NAR”) production, see Gran Tierra’s Quarterly Report on Form 10-Q filed May 4, 2021.
Message to Shareholders
Gary Guidry, President and Chief Executive Officer of Gran Tierra, commented: “During 2021, we have significantly increased Gran Tierra’s total production. Our ability to ramp up Gran Tierra’s production to the highest level in over a year clearly demonstrates our team’s success at optimizing our core oil fields under waterflood, while preserving and maximizing the long-term value of all of our as
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