Page 10 - Suroriente Block News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Colombia/Ecuador: Gran Tierra Energy provides operations and financial update 13 Apr 2021 Increased Current Average Production to 28,930 BOPD, Highest Since February 2020 Increased Acordionero Field Current Average Production1 to 16,400 BOPD, Highest Since September 2019 Reaffirms 2021 Full-Year Production Guidance of 28,000-30,000 BOPD Gran Tierra Energy has announced an operations and financial update. All dollar amounts are in United States dollars and all production volumes are on a working interest before royalties ('WI') basis and are expressed in barrels ('bbl') of oil per day ('bopd')...

Image source: Getty Images Gran Tierra Energy(TSX:GTE)(NYSE:GTE) is a company focused on oil and gas exploration and production in Colombia and Ecuador. The company’s Colombian properties represents 95% of revenue. Gran Tierra Energy was incorporated in the state of Nevada. Attractive valuation The company has a price-to-book ratio of 1.44 and market capitalization of $436 million. Debt is very high at GTE, as evidenced by a debt-to-equity ratio of 2.58. The company has depressed performance metrics with an operating margin of (22.17)% and a return on equity of (107.41)%...