CA - Gran Tierra reports Q2 average production of ~33.8K BOPD up 7% Q/Q

2023-07-13 03:09:55 ET

• Gran Tierra Energy ( NYSE: GTE ) said Wednesday its average production was about 33,800 BOPD in Q2 of 2023, an increase of 7% from Q1 of 2023.
• The Acordionero field produced ~18,000 BOPD in Q2.
• During the first half of 2023, Gran Tierra drilled 21 wells, consisting of 14 new producers and 7 new injectors.
• Total current average production for Q2 to date is about 32,900 BOPD, at the high end of its previously disclosed production guidance.
• Gran Tierra's total company average production for the third quarter of 2023 to date is approximately 34,800 BOPD.
• During the second quarter of 2023 to date, Acordionero’s current average production is about 20,000 BOPD.
• The company expects FY 2023 capital expenditures to be approximately $210- $230 million, at the lower end of 2023 guidance .

• The company is all set to release its Q2 financial results on August 1, 2023.

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