Gran Tierra: Reports positive first quarter
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Gran Tierra rolls in first quarter
Calgary-based Gran Tierra Energy, with assets in producing and prospective properties in Argentina, Colombia and Peru, raised its revenue in the first quarter.
Total revenue for the three months was up to $20.8 million compared to $4.5 million for the same period last year.
Net income also rose to $4.7 million or $0.05 per share basic, and $0.04 per share diluted, compared to a loss of $6.7 million, or $0.07 per share basic and diluted in the same period last year.
At the end of the first quarter, the company reported cash and equivalents of $26.0 million as compared to $18.2 million at 31 December 31 last year.