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Gran Tierra Energy gains 12% following fall in third-quarter profit and launches normal course issuer bid

Gran Tierra Energy Inc. is an independent international energy company. The company focuses on the exploration and production of oil and natural gas internationally and has assets in Colombia and Ecuador. The company has interests in approximately 22 blocks in Colombia and three blocks in Ecuador, and is the operator of 24 of these blocks. Its assets in Colombia represent approximately 97% of its production, with oil reserves and production located in the Middle Magdalena Valley (MMV) and Putumayo Basin. In the middle Magdalena Valley, the company's field is Acordionero, where it produces oil with an American Petroleum Institute (API) grade of approximately 17 degrees, which represents 52% of production. total of the company. Putumayo's production is approximately 27 degrees API for the Chaza block and 18 degrees API for the Suoriente block, representing 25% and 13% of the company's total production, respectively. The company also has a production base in Canada's hydrocarbon region, the Western Canadian Sedimentary Basin, and appraisal assets in the North Sea.

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