Oil & Gas – Brazil – Gran Tierra concludes farm-in agreement for Reconcavo basin

Canada’s Gran Tierra Energy (TSX: GTE) has finalized an agreement with Brazilian oil firm Alvorada Petroleo to acquire a 70% stake in four blocks in Brazil’s Reconcavo basin. Gran Tierra will pay US$22.6mn for the new areas, the company said in a statement. The blocks, REC-T-129, REC-T-142, REC-T-155 and REC-T-224, are located 70km northeast of [...]

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