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Last C$3.15 CAD
Change Today 0.00 / 0.00%
Volume 0.0
As of 4:00 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

gran tierra energy inc (GTE) Snapshot

Open
C$3.09
Previous Close
C$3.15
Day High
C$3.24
Day Low
C$3.08
52 Week High
09/4/14 - C$7.28
52 Week Low
08/24/15 - C$2.48
Market Cap
874.9M
Average Volume 10 Days
993.5K
EPS TTM
C$-1.08
Shares Outstanding
277.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GRAN TIERRA ENERGY INC (GTE)

gran tierra energy inc (GTE) Related Businessweek News

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gran tierra energy inc (GTE) Details

Gran Tierra Energy Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and gas properties in Colombia, Peru, and Brazil. As of December 31, 2014, the company’s acreage comprised 3.4 million gross acres covering 16 exploration and production contracts in Colombia; 47,734 gross acres covering 7 exploration blocks in Brazil; and 5.7 million gross acres covering 5 exploration licenses in Peru. It also had total proved undeveloped reserves of 7.7 million barrels of oil equivalent (MMBOE), including 6.2 MMBOE in Colombia and 1.5 MMBOE in Brazil. The company was incorporated in 2003 and is headquartered in Calgary, Canada.

473 Employees
Last Reported Date: 03/2/15
Founded in 2003

gran tierra energy inc (GTE) Top Compensated Officers

President of Gran Tierra Energy Peru
Total Annual Compensation: $278.2K
Executive Vice President
Total Annual Compensation: $428.6K
Vice President of Legal, General Counsel and ...
Total Annual Compensation: $380.2K
Compensation as of Fiscal Year 2014.

gran tierra energy inc (GTE) Key Developments

Gran Tierra Energy, Inc. Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Provides earnings and operating guidance for the years 2015 and 2016

Gran Tierra Energy, Inc. reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue and other income of $69.73 million compared to $148.53 million a year ago. Loss from continuing operations before income taxes was $37.86 million compared to income from continuing operations before income taxes of $59.87 million a year ago. Loss from continuing operations was $38.56 million or $0.13 per basic and diluted share compared to income from continuing operations of $31.48 million or $0.11 per basic and diluted share a year ago. Net loss and comprehensive loss was $38.56 million or $0.13 per basic and diluted share compared to net income and comprehensive income $9.14 million or $0.03 per basic and diluted share a year ago. Net cash provided by operating activities was $3.32 million compared to net cash used in operating activities of $12.22 million a year ago. Additions to property, plant and equipment were $17.76 million compared to $91.34 million a year ago. Funds flow from continuing operations for the quarter was $24.4 million, a decrease of 4% from $25.6 million in the prior quarter, and a decrease of 71% from $85.1 million in the comparable period in 2014. The decrease in funds flow from continuing operations is primarily due to the increase in oil inventory and losses as at June 30, 2015. For the six months, the company reported revenue and other income of $146.385 million compared to $300.38 million a year ago. Loss from continuing operations before income taxes was $82.56 million compared to income from continuing operations before income taxes of $139.35 million a year ago. Loss from continuing operations was $83.43 million or $0.29 per basic and diluted share compared to income from continuing operations of $81.26 million or $0.29 per basic and diluted share a year ago. Net loss and comprehensive loss was $83.43 million or $0.29 per basic and diluted share compared to net income and comprehensive income $54.27 million or $0.19 per basic and diluted share a year ago. Net cash provided by operating activities was $2.69 million compared to net cash used in operating activities of $23.90 million a year ago. Additions to property, plant and equipment were $91.79 million compared to $173.44 million a year ago. Oil and natural gas production for the quarter exceeded company projections as announced on May 7, 2015. Production averaged 23,094 barrels of oil equivalent per day (BOEPD) gross working interest (WI) before royalties, or 18,494 BOEPD net after royalties (NAR), compared with 24,015 BOEPD gross WI and 20,140 BOEPD NAR in the first quarter of 2015. Approximately 99% of this production was oil with the balance consisting of natural gas. Sales volumes were 14,970 BOEPD, compared with 19,399 BOEPD in the prior quarter. During the second quarter of 2015, an oil inventory and losses increase accounted for 0.3 million barrels (MMbbl), or 3,524 barrels of oil per day (bopd), of reduced sales volumes. Based on the company’s forecasted gross WI 2015 exit production rate of 25,000 to 26,000 BOEPD, the company expects funds flow from operations to be approximately $100 to $115 million for 2015, and $155 million to $170 million for 2016, assuming average brent oil prices of $50.00 and $60.00 for the remainder of 2015 and full year 2016, respectively, $130 to $140 million for 2015, and $180 million to $195 million for 2016, assuming average brent oil prices of $63.46 and $66.70 for the remainder of 2015 and full year 2016, respectively; or $130 to $140 million for 2015, and $195 million to $210 million for 2016, assuming average brent oil prices of $63.46 and $72.00 for the remainder of 2015 and full year 2016, respectively.

Gran Tierra Energy, Inc. to Report Q2, 2015 Results on Aug 05, 2015

Gran Tierra Energy, Inc. announced that they will report Q2, 2015 results at 4:30 AM, GMT Standard Time on Aug 05, 2015

Gran Tierra Energy, Inc., Q2 2015 Earnings Call, Aug 05, 2015

Gran Tierra Energy, Inc., Q2 2015 Earnings Call, Aug 05, 2015

 

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