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Gran Tierra Energy reports record reserves growth and plans major investments for 2025.
Gran Tierra Energy Inc. reported a strong year-end 2024 with record reserves, seeing a 702% increase in 1P and 1,249% in 2P reserves.
The company plans a $240-280 million capital budget for 2025, forecasting a cash flow of $260-300 million and a 44% increase in production to 47,000-53,000 BOEPD.
The reserves growth and production forecast reflect success in Colombia, Ecuador, and new operations in Canada.
3 months ago
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