Gran Tierra Energy (GTE) has released an update.
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Gran Tierra Energy has reported a notable increase in financial performance for Q3 2024, driven by its acquisition of i3 Energy and a successful streak of oil discoveries in Ecuador. The company achieved net income of $1 million and generated $60 million in funds flow from operations, with a significant production milestone of over 1 million barrels in Ecuador. Additionally, Gran Tierra’s strategic expansion into Canada is expected to enhance its operational capabilities and asset portfolio.
For further insights into GTE stock, check out TipRanks’ Stock Analysis page.
