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Gran Tierra Sees Production Jump; Details Gomo Shale Analysis
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Gran Tierra Energy Inc. has reported its financial and operating results for the quarter ended September 30, 2013.
All dollar amounts are in United States dollars unless otherwise indicated.
Highlights for the quarter include: Quarterly oil and natural gas production net after royalty (NAR) and adjusted for inventory changes, was 21,978 barrels of oil equivalent per day (BOEPD), an increase of 13% from the comparable period in 2012. Production before adjustment for inventory changes in October 2013 averaged approximately 21,000 BOEPD NAR. Revenue and other income for the quarter was $189.7 million , a 12% increase over the comparable period in 2012. Net income for the quarter was $33.1 million , representing $0.12 per share basic and diluted, a decrease of 26% compared with net income…- ✓ Full news archive — U.S., Canada & international coverage
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