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Gran Tierra Energy ( (GTE) ) just unveiled an update.
Gran Tierra Energy Inc. has reported a significant growth in its reserves for the sixth consecutive year, reaching the highest total reserves in the company’s history. The company achieved a remarkable reserves replacement ratio with 702% for 1P, 1,249% for 2P, and 1,500% for 3P reserves, partly due to successful exploration in Colombia and Ecuador and recent entry into Canada. This growth positions Gran Tierra Energy well for long-term commodity cycles and highlights its capability to fund future development, with substantial increases in both proved and probable reserves.
More about Gran Tierra Energy
Gran Tierra Energy Inc. is an independent international energy company engaged in the exploration and production of oil and natural gas. The company operates in Canada, Colombia, and Ecuador, focusing on proven hydrocarbon basins with access to infrastructure and competitive fiscal regimes.
YTD Price Performance: -10.62%
Average Trading Volume: 346,862
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $245.4M
See more data about GTE stock on TipRanks’ Stock Analysis page.
