Gran Tierra Energy (GTE) has released an update.
Gran Tierra Energy Inc. has announced promising test results from the Arawana-J1 well in Ecuador, with production testing yielding 1,358 barrels of oil per day with favorable characteristics for recovery and monetization. Capitalizing on similarities with the nearby Cohembi field in Colombia, the company is poised to leverage existing infrastructure and regulatory approvals to accelerate the development of the Arawana field. Furthermore, Gran Tierra is advancing its 2024 exploration plan, commencing drilling operations at Bocachico Norte-J1 and planning multiple additional wells in Ecuador, with the aim of driving growth and leveraging strong cash flow for development.
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