Gran Tierra Energy
(AMEX: GTE)
6.27
-0.02
-0.32%
-0.02
-0.32%
MORE ON GTE
COMPANY INFORMATION
| Exchange: | American Stock Exchange |
| Stock: | Gran Tierra Energy, Inc. |
| Industry: | Oil & Gas E&P |
| Employees: | 485 |
DESCRIPTION
| Gran Tierra Energy, Inc., was organized under the laws of the State of Nevada on June 6, 2003. It is an independent energy company engaged in oil and gas acquisition, exploration, development and production. The Company operations are carried out in Colombia, Argentina, Peru, and Brazil. The Company has acquired oil and gas producing and non-producing assets in Colombia, Peru, Argentina and Brazil, with the acquisition of Solana Resources Limited in 2008 and Petrolifera Petroleum Limited in 2011. The Company’s reportable segments are Colombia, Argentina and Peru based on a geographic organization. The Company provides for future asset retirement obligations on its oil and natural gas properties based on estimates established by current legislation. The Company currently holds interests in producing properties in Colombia, Argentina, Peru and Brazil. The Company faces competition from both local and international companies in acquiring properties, contracting for drilling and other oil field equipment and securing trained personnel. The Company’s activities are subject to existing laws and regulations governing environmental quality and pollution control in the foreign countries where it maintains operations. Its activities with respect to exploration, drilling and production from wells, facilities, including the operation and construction of pipelines, plants and other facilities for transporting, processing, treating or storing crude oil and other products, are subject to stringent environmental regulation by provincial and federal authorities in Colombia, Argentina and Peru. |
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