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Stock impact report

Gran Tierra Energy says production stymied by recent shut-ins [Seeking Alpha]

Gran Tierra Energy Inc. (GTE) 
NASDAQ:AMEX Investor Relations: grantierra.com/investor-relations.html
Company Research Source: Seeking Alpha
Gran Tierra Energy says production stymied by recent shut-ins Gran Tierra Energy ( GTE -16.4% operational challenges that have hurt production GTE reports production decreased starting in late May after it shut-in two oil producers and took two other producers offline at Acordionero due to electric submersible pump failures, and production was halted at Suroriente and PUT-7 due to local farmer blockades in protest against Colombia's government. GTE says the shut-ins significantly slowed the pace of production vs. results earlier in the quarter; through May 23, the company had expected production to meet its previously published full-year guidance, but it now expects to revise guidance once the impact of the blockades and the startup of the Acordionero projects can be fully assessed. Show less Read more
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