Re: GRAN TIERRA ENERGY ENTERS INTO AGREEMENT TO ACQUIRE PETROLIFERA PETROLEUM LIMITE

Welcome to the Connacher Oil and Gas Hub on AGORACOM

Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

Reply New Message

Prev Message Back To Forum Threaded View Next Message

5Star

Rank: Mail Room [?]

Points: 130 [?]

Votes: 1 Score: 5.0 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: GRAN TIERRA ENERGY ENTERS INTO AGREEMENT TO ACQUIRE PETROLIFERA PETROLEUM LIMITE

in response to

GRAN TIERRA ENERGY ENTERS INTO AGREEMENT TO ACQUIRE PETROLIFERA PETROLEUM LIMITE

cameron07

posted on Jan 17, 2011 08:12PM

I find this interesting. I've been buying and selling Gran Tierra (GTE) for the past 5 years and recently bought the stock again. They have been very sucessful in the Putomayo Basin in Columbia.

The execs all have extensive oil backgrounds. Off the top of my head I know the CEO, Dana Coffield, came from Encana.

I think the deal will create value for CLL. GTE has $150mil in cash and will probably continue their aggressive drilling program.