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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Gran Tierra Energy Inc | AMEX:GTE | AMEX | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.32 | 5.26% | 6.40 | 6.44 | 6.0499 | 6.05 | 961,377 | 00:50:01 |
From Sep 2019 to Sep 2024
DOW JONES NEWSWIRES
Norwegian oil and gas company Statoil (STO) said Thursday it is farming down 10% and 15%, respectively, of its participating interests in the exploration licences BM-CAL-7 and BM-CAL-10 in the Camamu-Almada basin offshore Brazil to Canadian company Gran Tierra Energy Inc. (GTE).
MAIN FACTS:
-Both licences are located in the Camamu-Almada basin offshore Brazil.
-The transaction is subject to approval by Brazilian authorities and other conditions to closing.
-Gareth Burns, senior vice president for Exploration strategy and business development in Statoil says: "This transaction is part of Statoil's continued optimisation process to maximise value and reduce portfolio risk."
-The BM-CAL-7 licence is operated by Petrobras (PBR) with 60% equity, while Statoil has a 40% share.
-BM-CAL-10 is operated by Statoil with 60% equity and Petrobras holds 40%.
-At 1226 GMT shares traded 1.8% higher at NOK127.20.
-By Dominic Chopping; Dow Jones Newswires; +46-8-5451-3093; dominic.chopping@dowjones.com
1 Year Gran Tierra Energy Chart |
1 Month Gran Tierra Energy Chart |
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