Gran Tierra Energy, IncNYSEMKT
Fri, Jul. 1, 8:29 AM
- Gran Tierra Energy (NYSEMKT:GTE) agrees to acquire PetroLatina Energy, a Colombia-focused E&P company, for $525M.
- PetroLatina operates the Acordionero conventional oil field in Colombia’s Middle Magdalena basin, where it has drilled a discovery exploration well and three follow-up appraisal wells.
- GTE says the deal is a "unique material opportunity in Colombia in terms of scale and upside potential, and will add a new core area for Gran Tierra in the prolific Middle Magdalena Basin."