Exploration & Production
Gran Tierra Details Capital for South American Ops
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Gran Tierra Energy Inc., has announced its financial and operating results for the first quarter of 2014.
Financial and Operating Highlights:Production net after royalty before inventory adjustments was 22,188 barrels of oil equivalent per day a 3% increase from the fourth quarter of 2013.
Quarterly oil and natural gas production NAR and adjusted for inventory changes of 21,819 BOEPD, and represents a decrease of 7% from the comparable period in 2013, when a reduction of inventory in Colombia accounted for 0.1 million barrels or 1,556 BOEPD of additional production. Revenue and other income for the quarter was $169.7 million, an increase of 6% from the fourth quarter of 2013, and a 17% decrease from $205.4 million in the comparable period in 2013. Net income for the quarter of $45.1…- ✓ Full news archive — U.S., Canada & international coverage
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