-Gran Tierra Energy Inc starts exploration drilling operations on two oil prospects in Brazil.
International Resource News-October 13, 2011--Gran Tierra Energy Inc starts exploration drilling operations on two oil prospects in Brazil(C)1994-2011 ENPublishing - http://www.enpublishing.co.uk
International Resource News - 13 October 2011
Gran Tierra Energy Inc (NYSE Amex: GTE, TSX: GTE), a company focused on oil exploration and production in South America, has started exploration drilling operations on two oil prospects in Brazil and on one oil prospect in Colombia.
The company is conducting delineation and development drilling in Colombia, with an additional oil column identified in the Moqueta-6 delineation well.
Dana Coffield, president and chief executive officer of Gran Tierra Energy said, 'Two years after announcing a strategic decision to enter Brazil, Gran Tierra Energy has assembled a large land position and a diverse exploration and development drilling portfolio, with exploration drilling operations now initiated on two prospects, one onshore and one offshore. In parallel, our delineation and development drilling operations on recently discovered reserves in Colombia are ongoing, with exciting new delineation results indicating additional oil column in the Moqueta oil discovery. We have also begun additional exploration drilling on our lands in the Putumayo Basin of Colombia.'
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