Thursday, February 21, 2013

Gran Tierra Energy Inc - GTE.t

Gran Tierra Energy Inc - GTE.t is advancing interests in producing and prospective properties in Colombia, Argentina, Peru and Brazil.

On February 12, 2013 the company reported NEWS

“Initial drilling results from the Bretaña Norte 95-2-1XD exploration well in Peru indicate oil-saturated reservoir with a gross oil column of 99 feet that was encountered approximately 48 feet higher than oil discovered at Bretaña-1 approximately four kilometers away. Three cores encompassing 90 percent of the oil-bearing reservoir section were successfully acquired. Oil samples have also been acquired and are being analyzed which, with a testing program that is currently being designed to test reservoir productivity, will assist in determining the commerciality of the discovery. As previously announced, this prospect contains substantial contingent resource potential, so these initial results are extremely exciting,” said Dana Coffield, President and Chief Executive Officer of Gran Tierra Energy. “In addition, we have successfully tested the Moqueta-8 appraisal well in Colombia and are now drilling the Moqueta-9 appraisal well, as we continue to evaluate the full potential of this growing oil discovery,” concluded Coffield."