Junior roundup: Gran Tierra, Parex, Sintana

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Wednesday, August 5, 2015

Gran Tierra Energy announced that its Santana contract expired and all assets, staff and future liabilities were transferred to Colombia's Ecopetrol.

In its latest earnings report, the company also reported that oil and gas production from Colombia and Brazil totaled 23,094boe/d working interest before royalties; 2015 production is expected to average 22,500-23,500boe/d on a working interest, before royalties basis.

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In Peru, Gran Tierra was granted a three-year extension of the exploration period on block 107.

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Colombia-focused Parex Resources reported second quarter production of 27,025b/d compared to annual output guidance of 26,500b/d, a year-over-year increase of 36% and an increase from the prior period production of 26,729b/d, the junior said in its 2Q15 results release.

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Sintana Energy announced gas shows in a conventional sand section from well Manati Blanco-1 on Colombian block VMM-37. Preparations to drill into unconventional shale formations are in progress.

In an update, the junior also said talks are underway to farm out the next phase of a development program on the Talora block.

BNamericas will host its 5th LatAm Power Generation Summit in Lima, Peru, on August 19-20 and its 9th South America Infrastructure & Energy Summit in Bogotá, Colombia, on September 9-10. Click here to download the agendas.