2009-08-19-2007-01-01-2007-01-01

Transaction Type
Sellers
Buyers
Announce Date
Post Date
Close Date
Estimated Price
3MM
Description

WI

Gran Tierra Energy Inc., Calgary, (OTCBB: GTRE) has acquired interests in two properties in the Noroeste Basin of Argentina from Compania General de Combustibles SA, Buenos Ares, Argentina, for C$2.8 million. The assets include 75% interest in the El Chivil Block and 75% participation in the Surubi Block. Concurrently, it acquired the remaining 25% interests in both blocks from the minority partners, bringing the total to 100% in eaach. Net production is 123 barrels of oil per day. Gran Tierra has now acquired six of the eight properties it planned to buy from Compania General in February. The company has declined to acquire Compania General's 17.85% interest at Palmar Largo and 5% participation at Aguarague. The total purchase price for all six properties is C$4.6 million.