Gran Tierra Energy Inc. ("Gran Tierra Energy") GTE, a company focused on oil exploration and production in South America,
today provided updates for its exploration drilling in Peru.
"Gran Tierra Energy has successfully completed testing of the sidetrack
on the Bretaña Norte 95-2-1XD exploration well in Peru, with results
supporting the significant potential production additions expected from
the Bretaña field," said Dana Coffield, President and Chief Executive
Officer of Gran Tierra Energy. "After joining Canadian Prime Minister
Stephen Harper during last week's trade envoy to Peru and Colombia, I
am further encouraged by Gran Tierra Energy's commitment to the vast
potential in Peru. This discovery has material contingent resource
potential, and is expected to provide significant growth for the
company and assist Perupetro in achieving its objectives to bring new
oil to the market on behalf of the Government of Peru," concluded
Coffield.
Peru
Block 95 (100% working interest and operator)
Gran Tierra Energy completed initial testing of the Vivian Formation
sandstone reservoir in the horizontal sidetrack of the Bretaña Norte
95-2-1XD exploration well. Log interpretation of the 1,595 foot
sidetrack
See full press release
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in