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Gran Tierra Energy Inc. Announces Second Quarter 2021 Results
Gran Tierra Energy Inc.August 4, 2021 GMT
Achieved Second Quarter 2021 Average Total Production of 23,035 BOPD, Up 14% Year-Over-Year
Reaffirms 2021 Full-Year Production Guidance of 27,500-28,500 BOPD and Capital Program of $130-150 Million
Reaffirms 2021 Full-Year Budget Guidance: Cash Flow
2
2
2
Balance Paid Down To $175 Million
CALGARY, Alberta, Aug. 03, 2021 (GLOBE NEWSWIRE) Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced the Company’s financial and operating results for the quarter ended June 30, 2021 (“the Quarter”). All dollar amounts are in United States dollars and production amounts are on an average working interest before royalties (“WI”) basis unless otherwise indicated. Per barrel (“bbl”) and bbl per day (“BOPD”)
(1) Refer to the “Reader Advisory” section within this news release for additional information on Non-GAAP Financial Measures and production disclosure.
(2) Includes realized commodity risk management loss of $17.8 million and $38.9 million for the three and six months ended June 30, 2021 (three and six months ended June 30, 2020 - $24.4 million and $45.9 million gains).
(3) Includes available credit under Athabasca’s Credit Facility and Unsecured Letter of Credit Facility (see page 14 of the Company’s Q2 MD&A).
(4) The face value of the 2022 Notes is US$450 million. The 2022 Notes were translated into Canadian dollars at the June 30, 2021 exchange rate of US$1.00 = C$1.2394 (December 31, 2020 – C$1.2732).
Operations Update
PrairieSky Announces 2021 Second Quarter Results, Clearwater Royalty Acquisition and 38% Dividend Increase leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.
Strong Free Cash Flow Generation Funds Increased Development and Exploration Program, Debt Reduction and Balance Sheet Strengthening, and Cash Dividends to .
Frontera Announces First Quarter 2021 Results
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IN LINE WITH GUIDANCE
INCREASED OPERATING EBITDA BY 94% TO $69.2 MILLION AND
REDUCED PRODUCTION COSTS PER BARREL BY 22% COMPARED TO Q4/2020
RECEIVED FAVOURABLE OPINION ON CONCILIATION AGREEMENT
FROM PROCURADURÍA GENERAL DE LA NACIÓN
TARGETING AN EARLY THIRD QUARTER SPUD FOR THE GUYANA KAWA-1 WELL
TORONTO, May 5, 2021 /PRNewswire/ - Frontera Energy Corporation (TSX: FEC) (
Frontera or the
Company ) today reported financial and operational results for the first quarter ended March 31, 2021. All financial amounts in this news release are in United States dollars, unless otherwise stated.
First Quarter Operational and Financial Results: