Gran Tierra Energy Inc. Announces 2023 Guidance

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Dec 07, 2022
  • 2023 Capital Expenditure Budget of $210-250 Million, Expected 2023 Cash Flow1 of $270-320 Million in Base Case
  • Plan to Drill 18-23 Development Wells and 4-6 Exploration/Appraisal Wells
  • Forecast 2023 Production of 32,000-34,000 BOPD, an Increase of 8% from 2022 and 24% from 2021
  • Forecast 2023 Free Cash Flow2 of $135 Million Before Exploration, $65 Million After Exploration in Base Case