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Gran Tierra to increase capex, with focus on Colombia

Jun. 24, 2015 5:58 PM ETGran Tierra Energy Inc. (GTE) Stock, GTE:CA StockBy: Carl Surran, SA News Editor
  • Gran Tierra Energy (NYSE:GTE) says it plans to increase its 2015 capital program by $45M to $185M, to provide accelerated development drilling at its core producing assets in the Putumayo Basin in Colombia.
  • With the revised capital program, GTE expects 2015 gross working interest production to average 22.5K-23.5K boe/day, or 18.4K-19.4K boe/day net after royalty; production from Colombia is expected at ~17,850 boe/day net after royalty.

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