Gran Tierra Energy Breakout Notes
Roger Trimble, VP of investor relations of Gran Tierra Energy, Inc., (ticker: GTE) presented today at EnerCom’s The Oil & Gas Conference® 22.
Gran Tierra, a Calgary-based oil and gas producer, operates and explores in acreage spanning Colombia. During 2017, the company made discoveries in formations close to those it is currently producing from, in a couple of its fields.
Gran Tierra indicated that it had been producing 34,178 BOEPD as of the last week of July, 2017—a 20% increase over its Q1 production. It announced that one of its discoveries in the Putomayo basin produced 1,938 BOPD out of one zone, and 217 BOPD from another in an exploratory well. In late June, Gran Tierra sold its Brazil assets for approximately $38 million—allowing the company to focus more exclusively on its Columbia assets. The company’s 2017 guidance is between 33,300 and 34,300 BOEPD.
During the company’s breakout session, management was asked the following questions:
- What did Gran Tierra do to weather the volatility over the past few years?
- Aside from debt, do you operational metrics compare to your peer group?
- Does you 2P forecast seem a little conservative, given your recent activity?
- What do your recent operations mean for next year’s CAPEX and cash flow?
- Could you talk about the reserve bump we might see due to your new developments?
- How does the decline curve in carbonate compare to those from other lithologies?
- Are you seeing much activity from other international producers in Colombia?
- How do you look at instability in Venezuela?
- How does Colombia’s government budget compare to that of Venezuela’s?
- What are services priced in?
- How often do you drill a dry-hole?
- Are you seeing service inflation?
- What kind of realized prices are you seeing—and how is it impacted between different takeaway options?
Gran Tierra Energy presented at EnerCom’s 2017 The Oil & Gas Conference®.
You can listen to the company’s presentation by clicking here.
