Gran Tierra Energy Inc. (GTE,GTE.TO) announced a capital spending program of US$195 million in 2010 for exploration and production development operations in Colombia, Peru, Argentina and business development activities in Brazil.
The company stated that it had US$151.6 million in cash at the end of third-quarter of 2009 and has no debt. The company expects the 2010 work program and budget to be funded from cash-flow from operations with the balance from cash on hand as necessary.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.