June 1 (Reuters) - Gran Tierra Energy Inc GTE.TO
* Gran tierra energy inc. Announces increase in 2016
exploration capital budget, hedging program, credit facilities
update and an operations update
* Increasing its base 2016 capital budget by $33 million to
$43 million to a revised total of $140 million to $150 million
* Gran tierra's 2016 production guidance remains unchanged
* Company's previously announced base capital budget was
$107 million
* Committed borrowing base under gran tierra's credit
facility has been modestly reduced from previous $200 million to
$185 million
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