Canadian junior Gran Tierra is planning a Colombia-centred capital spending plan for 2017 of between $200 million and $250 million, including the drilling of 20 to 23 wells.
The Latin America focused independent expects to spend within its cash from operating activities, estimated to be between $240 million to $260 million with Brent estimated to hold at $56 per barrel.
"We expect to further delineate the exciting new "A" Limestone play at Costayaco," chief executive Gary Guidry said.
