11:56 AM EST - Gran Tierra Energy Inc. : announced financial and operating results for the quarter ended March 31, 2012. All dollar amounts are in U.S. funds. Quarterly production of 16,742 barrels of oil equivalent per day ("boepd”) net after royalty ("NAR"), a 15% increase in average daily production from the same period in 2011 of 14,546 boepd NAR. Daily consolidated production in April 2012 averaged approximately 20,700 boepd NAR; Revenue and other income for the quarter of $156.0 million, a 27% increase over the same period in 2011. Net loss was $0.3 million, compared to net income of $13.7 million, or $0.05 per share basic and diluted in the same period in 2011. Gran Tierra Energy Inc.
shares T.GTE are trading down $0.04 at $5.96.
