Gran Tierra Energy Sees Reserves Increase From 2015 Levels

Gran Tierra Energy, an oil and gas exploration and production company, said its proved plus probable, or 2P, reserves increased by 91% compared with year-end 2015 and its proved plus probable plus possible, or 3P, reserves increased by 146% over the same time period.

The company’s reserves base is producing approximately 32,000 barrels of oil equivalent per day. Its asset portfolio is forecasted to generate net cash provided by operating activities on a 2P basis of approximately $1 billion between 2017 and 2019.

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