Gran tierra energy stocktwits

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Gran tierra energy stocktwits

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Gran tierra energy stocktwits

Rapid Debt Reduction: Gran Tierra has been utilizing its free cash flow 1 to strengthen the Company's balance sheet by paying down its credit facility and building its cash position. Revised Financial Guidance: As previously announced on April 19, , Gran Tierra has updated the Company's financial guidance in light of the significant increase in world oil prices this year. Highlights from this report are:. In addition, the Company has implemented a comprehensive roadmap to further reduce the use of surface water where possible, with the goal of achieving zero surface water usage in the coming years. In Colombia over the last 5 years, the Company has planted approximately 1. At the same time, we have significantly strengthened our balance sheet and expect to completely pay off our entire credit facility before the end of the second quarter of , which will be a major milestone for Gran Tierra. We are pleased with the results so far of our ongoing development drilling campaigns in the Middle Magdalena Valley and Putumayo Basins in Colombia with record drilling performance in both Acordionero and Costayaco. In addition, we plan to allocate capital to prioritized, high-impact exploration drilling opportunities as we restart our exploration campaign during the second half of

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