Calgary’s Canacol Energy Ltd. (ticker: CNE) recorded a net loss of USD$148 million for the year ended December 31, 2017, or $(0.48) per share – this compares to a net income of $23.6 million for the same period in 2016. For Q4 2017, the company had a net loss of $150.3 million, or $(0.85) per share – this compares to
GeoPark Limited (ticker: GPRK), an independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Brazil, Argentina, Chile and Peru, issued an operational update. GeoPark’s 2018 work program and budget is $100-$110 million. The company is targeting the drilling of 30-plus wells, representing a 15-20% production increase over 2017 average levels. The projects
Gran Tierra Energy Inc. (ticker: GTE) has released its 2018 capital budget and production guidance. Highlights 2018 average production of 36,500 to 38,500 BOEPD, representing growth of 20 to 27% over 2017 year to date average production 2018 capital budget of $250-270 million 2018 cash from operating activities forecast of $265-285 million at $57/barrel (Brent oil price) The company operates over
Ecopetrol (ticker: EC) said that the Coyote-1 well confirmed the presence of oil in the Middle Magdalena Valley basin in Santander. The finding was recorded between 2,042 and 2,177 meters in depth, confirming the presence of medium crude. The API ranges between 25°-28°, which is lighter and more liquid than heavy Colombian crudes in the Esmeraldas formation. The Coyote-1 is
Gran Tierra Energy: reinvesting cash flow in exploration: we’re trying to drill 30-40 exploration wells in the next 3-4 years At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with Gran Tierra Energy (ticker: GTE) President & CEO Gary S. Guidry. Gran Tierra transformed its portfolio through four strategic, accretive
Headquartered in Calgary and with its main operations in Colombia, Gran Tierra Energy, Inc. (ticker: GTE) averaged 29,879 BOEPD in its first quarter of 2017. Q1 activity During its first quarter of 2017, Gran Tierra recompleted its Costayaco-2 well into the “A” Limestone. This marks the third well producing out of the “A” Limestone. The company also drilled its Costayaco-28,
GeoPark presents at EnerCom’s The Oil & Gas Conference® During GeoPark’s breakout session, management was asked the following questions: What is the expectation for Brazil to open up their onshore assets? Have core samples been extracted from your Llanos 34 block? Are you interested in selling any of your assets or engaging with partners on the asset level? How difficult
