Gran Tierra Energy Inc. provided updates for its exploration drilling in Peru.
"Gran Tierra Energy has successfully completed initial testing of the Bretaña Norte 95-2-1XD exploration well in Peru at rates that far exceeded expectations. We are currently planning to extend the Bretaña Norte 95-2-1XD exploration well with a horizontal leg, with operations expected to commence by the end of February, to initiate long term testing and to fast-track first production from the Bretaña discovery," said Dana Coffield, President and Chief Executive Officer of Gran Tierra Energy. "This discovery has material contingent resource potential, and is expected to provide significant growth for the company and assist Perupetro in achieving its objectives to bring new oil to the market on behalf of the Government of Peru," concluded Coffield.
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Gran Tierra Energy Inc.
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