Gran Tierra Energy Inc., a company focused on oil exploration and production in South America, provided updates for its operations in Colombia.
"Gran Tierra Energy continues its successful 2013 drilling program with encouraging initial data from the Moqueta-12 and Mayalito-1 wells in the Putumayo and Llanos Basins in Colombia. Moqueta-12, based on log interpretations, does not appear to have encountered any water, suggesting we have yet to define the boundaries of the Moqueta field. Similarly, Mayalito-1 log interpretations indicate oil has been found in the Mirador formation, further extending the known lateral extent of the oil accumulation in the Ramiriqui discovery," said Dana Coffield, President and Chief Executive Officer of Gran Tierra Energy. "In addition, Gran Tierra Energy's 2013 exploration drilling has increased significantly with the Corunta-1, Miraflor West-1 and Zapotero-1 exploration wells initiating drilling in the Putumayo Basin," concluded Coffield.