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Gran Tierra buys PetroLatina for $525 million

Tuesday, July 5, 2016

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