Gran Tierra Energy, Inc (GTRE.OB) Finishes 2007 with Record Production Exit Rate of 3,300 BOPD
Gran Tierra Energy Inc. (GTRE.OB), a company focused on oil exploration and production in South America, announced that the company's net after royalty production had risen to approximately 3,300 barrels of oil per day. This significant increase can be attributed to greater production capacity recognized through successful drilling programs during the year 2007. Specifically, average oil production in Colombia grew to approximately 2,700 BOPD net after royalty, compared to 2,000 BOPD reported during the month of November. This continued growth is the result of increased well production capacity as well as increased infrastructure handling capacity. Dana Coffield, President and CEO…