Gran Tierra Energy Inc

ASE:GTE   3:58:29 PM EDT
0.60
-0.03 (-5.42%)
Production Guidance

Gran Tierra Energy Inc Announces Restoration Of Production And Revised Guidance

Published: 07/12/2021 21:17 GMT
Gran Tierra Energy Inc (GTE) - Gran Tierra Energy Inc. Announces Restoration of Production and Revised Guidance.
Gran Tierra Energy - Colombian Government Has Successfully Negotiated Ends to All Blockades in Areas That Were Affecting Co's Operations.
Gran Tierra Energy - Actual Q2 2021 Total Production Averaged About 23,400 Bopd, Down About 4% From Q1 Average Production of 24,463 Bopd.
Gran Tierra Energy Inc - Forecasts Second Half 2021 Total Production to Average About 30,000-32,000 Bopd.
Gran Tierra - Forecasts FY 2021 Average Production to Come in at Or Slightly Below Low End of Previous Guidance Range & Average 27,500-28,500 Bopd.
Gran Tierra Energy Inc - Now Expects 2021 EBITDA of $265-285 Million.
Gran Tierra Energy Inc -sees 2021 Cash Flow of $215-$235 Million.
Gran Tierra Energy - Believe That Barrels Not Produced in Q2 Were Simply Deferred to Future Quarters, With No Expected Impact on Reserves.
Gran Tierra Energy - Stronger Brent Oil Price Environment More Than Offset Effect of Lower Production Volumes in Q2 2021.