Gran Tierra Energy Inc (GTE) has released an update.
Gran Tierra Energy Inc. reports a positive first quarter in 2024, with a 3% increase in total average working interest production compared to the previous quarter, achieving 32,242 barrels of oil per day (BOPD). The company also announces encouraging preliminary results from its Arawana exploration well and a strong financial performance, with funds flow from operations at $74 million, free cash flow at $19 million, and an adjusted EBITDA of $95 million. Gran Tierra’s effective development drilling programs in core assets and strategic financial management underscore its robust operational and financial footing.
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