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Gran Tierra Ups Guidance for 2016; Spuds New Wells
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Gran Tierra Energy Inc. reported an operational update.
Increased 2016 WI exit production before royalties from its assets in Colombia and Brazil of approximately 34,000 to 36,000 boepd. Current WI production before royalties is approximately 30,000 boepd. Exploration Program Update Guriyaco-1 Exploration Well (Gran Tierra 100% WI and Operator)The Guriyaco-1 exploration well was spud on August 20, 2016 and reached a total measured depth of 9,715 feet in a drilling time of 20 days. This drill time was 6.7 days faster than Costayaco-23i, making the Guriyaco-1 the best operational drilling time by the Company in this area. This well targeted a separate structure adjacent to the Costayaco field with multiple potential oil reservoir targets in the N, U, T and Caballos sands. These are the…
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