Gran Tierra buys PetroLatina for $525 million
Canada’s Gran Tierra Energy has lined up its third major Colombian acquisition of 2016. The Calgary-based company has agreed to pay $525 million cash for PetroLatina Energy.
Gran Tierra says the PetroLatina acquisition will increase its land position in a prolific part of Colombia and add 53 million barrels to its proven and probable reserves.
Source: Financial Post