Gran Tierra Energy (TSX: GTE) announced its 2019 capital budget and production guidance. The firm announced an operational update, reporting a record high production during the fourth quarter of 2018 and positive exploration results.
We try to stay away from share price-related issues. There are lots of commentators better suited for that activity. But we do look at share prices in aggregate as an indicator of investor faith in Colombia. Doing that means we need to ‘unpack’ the influence of various performance drivers including oil prices, other broad industry factors, company-specific factors and to get, finally, the influence of Colombia itself.
The industry keeps reporting positive results from its operations in the Llanos Orientales region, this time in Ecopetrol’s (NYSE:EC) and Parex’s (TSX:PXT) Capachos block.
Geopark Limited (NYSE: GPRK) announced fourth quarter and annual 2018 operational update. The firm reported record annual oil and gas production and a key change in investors.
Frontera Energy Corporation (TSX: FEC) announced its estimated 2018 production with positive results according to its 2018 production guidance. Colombia production in the fourth quarter of 2018 increased. The firm announced its drilling plans for the first quarter of 2019 and the Quifa block plays a key role in this process.
We updated our indices of Colombia-focused, publicly-traded companies and as expected, the slide in Brent had a noticeable impact. We also looked more closely at our composite index, especially the role of the TSX.
Ramón Davila, General Manager of Gases del Caribe, reported on the firm’s accomplishments during 2018 and its goals for this year.
The National Hydrocarbons Commission (CNH) started the year with big news: an important finding by India’s ONGC Videsh Limited.
The NOC spoke about the acts of vandalism that took place in the Palagua field (Boyacá). The development of these and other stories in our periodic Security summary.
Manuel Buitrago, General Director of Gran Tierra Energy (TSX:GTE) in Colombia spoke about the firm’s plans in Putumayo.
2025, Hydrocarbons Colombia, All Rights Reserved.
