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.
For comments and feedback: editorial@rttnews.com