Welcome to our dedicated page for Gran Tierra Energy news (Ticker: GTE), a resource for investors and traders seeking the latest updates and insights on Gran Tierra Energy stock.
Gran Tierra Energy Inc. reports developments as an independent oil and gas exploration and production company with operations and assets in Colombia, Ecuador and Canada. Company news commonly covers production volumes, oil and gas sales, reserves, capital spending, operating results and guidance across its Colombia, Ecuador, Canada and Other segments, with Colombia accounting for the majority of revenue.
Updates also address portfolio management, material agreements, debt and liquidity actions, senior secured notes, annual meeting results, board composition and proxy matters. Releases are tied to the company’s GTE listings on NYSE American, TSX and LSE and often include quarterly or year-end metrics for oil, natural gas and natural gas liquids.
Gran Tierra Energy (NYSE American:GTE) will release its 2020 third quarter financial and operating results on November 2, 2020, post-market. A conference call to discuss these results is scheduled for November 3, 2020, at 11:00 a.m. Eastern Time. This call can be accessed via toll-free numbers in North America (+1-844-348-3792) and the UK (+44 (0)80 0028 8438), among others. An archive will be available on Gran Tierra's website until November 10, 2020.
Gran Tierra Energy announced a production update for Q3 2020, with average production at 18,700 BOEPD, increasing to 21,250 BOEPD in mid-September. The resumption of operations at key fields, particularly in Putumayo, has positively impacted output. Key achievements include improved waterflood performance, reduced operating costs by $3.00/bbl, and a collection forecast of $76 to $86 million in VAT and income tax refunds. The company has safeguarded operations amid COVID-19 and is positioned for strong production growth in 2021, aiming for over 30,000 BOEPD under optimal conditions.