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BRIEF-Gran Tierra Announces Revisions To 2020 Capital Program On Commodity Price Volatility

Published 2020-03-12, 08:07 p/m
© Reuters.
GTE
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March 12 (Reuters) - Gran Tierra Energy Inc GTE.TO :

* . ANNOUNCES REVISED 2020 CAPITAL PROGRAM

* ANNOUNCED REVISIONS TO ITS 2020 CAPITAL PROGRAM IN RESPONSE TO RECENT COMMODITY PRICE VOLATILITY

* REDUCTION IN 2020 CAPITAL PROGRAM FROM $200-220 MILLION TO $60-80 MILLION

* GRAN TIERRA ENERGY - TO SHUT-IN 1,000 TO 1,500 BARRELS OF OIL PER DAY OF HIGHER COST PRODUCTION TO FOCUS ON CORE, LOW COST, HIGHER NETBACK PRODUCTION

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