News25 Jan 2024 07:06
"Gran Tierra Energy Inc - Calgary, Canada-based and South America-focused oil and gas company - Reports net asset value per share at December 31 of USD44.48 before tax at 1P, more than triple that in 2020, and USD79.13 at 2P, more than double that from 2020; and USD116.56 at 3P. Total production in 2023 averaged approximately 32,650 barrels of oil per day, up 6% from 2022 and within guidance. Plans to grow production in 2024 while adding new reserves and future growth through exploration. Company is "excited to restart drilling" in its high-impact exploration portfolio this year. Forecasts 2024 production of 32,000 to 35,000 bopd, up 4% year on year."
If the NAV is $44 a share then one might hope the sp would rise this year? Two issues for me, the cost of debt at 9.5% interest and political instability in Combia.