Rochester, NY 7/16/2009 12:48:04 AM
GTE - Gran Tierra Energy Signs Three New Exploration and Exploitation Contracts in Colombia
Gran Tierra Energy, Inc.
Gran Tierra Energy, Inc., GTE
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Gran Tierra Energy Inc., a company focused on oil exploration and production in South America, today announced that it has signed three Exploration and Exploitation contracts with the National Hydrocarbon Agency totaling 235,264 acres in which Gran Tierra has a 100% working interest. he Piedemonte Norte Block, encompassing 78,743 acres, lies southwest of the Chaza Block where the Costayaco field is located. The Piedemonte Sur Block, encompassing approximately 73,897 acres, is located immediately west of the Orito Field, the largest oil field in the Putumayo Basin. Further south, the Rumiyaco Block encompasses 82,624 acres in the central Putumayo Basin. These blocks were previously a part of the Putumayo West A and B Technical Evaluation Areas.
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