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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@tommyGran Tierra Energy Inc. Considering Spinout of Peruvian Assets @marketwired/gran-tierra-energy-inc-announces-status-of-peruvian$GTE I've heard rumours certain insiders of Gran Tierra may be involved with the spinoff, while tonight's NR makes no mention of that. It does remind shareholders the assets are "non-core." Right. I'm a shareholder of this company with my guard up. GTE has been seriously underperforming.
@tommyBig catalyst/risk for Gran Tierra Energy $GTE upcoming. Potential for large flow rates, development opps, 100% owned. "Costayaco-28, Gran Tierra's first dedicated "A" Limestone horizontal well, which continues with testing expected to begin on or around March 15, 2017."
@tommyOronova Energy goes to Guatemala for gas and condensate development and exploration. Founder Jeff Scott says Guatemala is the next frontier in international oil and gas, the new Colombia. He brought Gran Tierra to Colombia as CEO a decade ago and its now a 30,000 boe producer, Oronova's targetted growth over 3-5 years. Roughly $90mm USD invested in their new play by previous operators. They're buying it for $66m in shares and $10m cash. $50 mil in financings planned. @newswire/oronova-energy-acquires-producing-gas-and-condensate$ONV$GTE