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Gran Tierra Adds Two Exploration Wells to Budget
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Gran Tierra Energy Inc. announced an operational update.
All dollar amounts are in United States dollar unless otherwise stated
Increase in Base 2016 Capital BudgetGran Tierra is increasing its base 2016 capital budget by $33 million to $43 million to a revised total of $140 million to $150 million. The Company's previously announced base capital budget was $107 million.
The increased capital investment will be entirely directed at exploration in Colombia and will allow the drilling of two additional, 100% working interest (WI) exploration wells, including one additional N-Sands exploration well in the Putumayo Basin. The increased budget will also allow for the acquisition of additional 2D seismic in the Sinu Basin, and accelerated lease construction and environmental impact assessment…
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