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Jon's avatar

Gran Tierra approach!!

Not a huge offer - 13.92p ~ £174m

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The Oak Bloke's avatar

Do you think shareholders will approve 13.92p? It's barely above the NAV and given the LNG Canada seems quite a low ball approach. Notice it's paper not cash, also.

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Jon's avatar

I don’t know anything about Gran Tierra. With production in Colombia and Ecuador, they seem more akin with PTAL than I3e.

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Jon's avatar

"By integrating these high-quality, operated assets, including low-decline production, large resources in place and a substantial land base, we are not only enhancing our asset base but also aligning with our long-term strategic vision," said Gran Tierra chief executive Gary Guidry.

Looks like they are eyeing up the land too

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Jon's avatar

On a more northerly latitude, I3E lost some production to

A brief cold snap in January caused temporary disruptions to operations….. primarily due to cold temperatures in mid- January……..of cold temperatures that temporarily shut-in production, caused a spike in electricity demand usage and generated additional costs associated with getting wells back online

I don’t think that’s a consideration for DEC

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