Gran Tierra Energy

Latest Gran Tierra Energy News

• Drilling of the La Vega Este -1 well on the block has commenced with the well spudded on 14th May.

• Daily consolidated production in April 2012 averaged approximately 20,700 BOEPD NAR.
• Revenue and other income for the quarter of $156.0 million, a 27% increase over the same period in 2011.
• Net loss of $0.3 million, compared to net income of $13.7 million, or $0.05per share basic and diluted in the same period in 2011.

• Gran Tierra Energy has completed drilling and testing the Proa-2 appraisal well, the second well in the Proa oil field.
• The Ramiriqui-1 oil exploration well in the Llanos-22 block, located in the Andean foothills trend of the Llanos Basin, has reached total depth at 19,519 feet measured depth in basement.

• Oil and natural gas production net after royalty ("NAR") and inventory adjustments averaged 17,408 barrels of oil equivalent per day.

• Drilling operations continue on the Ramiriqui-1 exploration well in the Llanos-22 Block in the foothills of the Llanos Basin.
• Gran Tierra Energy expects drilling of the 1-GTE-6-BA oil exploration well to begin in July 2012.
• Drilling continues on the Proa-2 development well in the Proa oil field in the Noroeste Basin of northernArgentina.

• With immediate effect Mr Julian Antonio Garcia has been appointed to the Board of Gold Oil Plc.

• Global Energy Development has announced that the Peruvian government has officially approved and authorised the assignment of 60% of the Peruvian Block 95 Licence Contract to Gran Tierra Energy.

• Mr Julian Garcia has joined Gold Oil in Colombia as Country Manager with immediate effect.

• Significant discovery with 1,023 barrels of oil equivalent per day

• Gran Tierra Energy initiates exploration drilling on two oil prospects in Brazil and on one oil prospect in Colombia
• Delineation and development drilling is ongoing in Colombia, with additional oil column identified in the Moqueta-6 delineation well

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