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BRIEF-Gran Tierra Energy Inc. Announces Financial Update And 2021 Guidance

Published 2020-12-07, 05:21 p/m
© Reuters.
GTE
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Gran Tierra Energy Inc GTE.TO :

* GRAN TIERRA ENERGY INC. ANNOUNCES FINANCIAL UPDATE AND 2021 GUIDANCE

* GRAN TIERRA ENERGY INC - SEES 2021 CAPITAL OF $130-150 MILLION, PRODUCTION OF 28,000-30,000 BOPD, CASH FLOW OF $150-170 MILLION

* GRAN TIERRA ENERGY INC - CREDIT FACILITY BORROWING BASE REDETERMINED TO $215 MILLION

* GRAN TIERRA ENERGY INC - RESUMPTION OF DEVELOPMENT DRILLING AT ACORDIONERO OIL FIELD

* GRAN TIERRA ENERGY INC - EXPECTS CREDIT FACILITY'S BALANCE TO BE APPROXIMATELY $185 MILLION AS OF DECEMBER 31, 2020

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