Gran Tierra Energy Inc. (TSX: GTE) announced its financial and operating results for the fourth quarter and year ended 2018. The company reported a record average annual production and the firm continues to demonstrate strong financial performance.
The Colombian government, through the National Hydrocarbons Agency (ANH), wants to promote new oil projects around Colombia. The ANH is analyzing new exploration areas and this created a controversy due to the possible interest in developing oil activities in the Galilea Forest. The ANH ruled on this issue.
Gran Tierra Energy (TSX: GTE) announced new agreements to acquire strategic assets located in the Putumayo and Llanos basins in Colombia. The company is optimistic about the potential of these blocks and their benefits.
Parex Resources Inc. (TSX:PXT) announced its annual reserves as at December 31, 2018. The company pointed out that its proved reserves (1P) increased compared to the previous year. PXT recalled that its reserves are located in Colombia’s Llanos and Middle Magdalena basins.
Frontera Energy Corporation (TSX: FEC) announced an important agreement with Parex (TSX: PXT) to develop exploration and development activities in the Lower Magdalena Valley (VIM). In addition, the firm carried out an investor day in Bogotá.
Geopark (NYSE: GPRK) announced its oil and gas reserves certified independently by DeGolyer and MacNaughton Corp. (D&M) under PRMS methodology. The firm pointed out that its 1P, 2P and 3P reserves increased in 2018.