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Gran Tierra Energy Inc.

11:49 AM EST - Gran Tierra Energy Inc. : announced a drilling and operations update in the Putumayo and Lower Magdalena Basins of Colombia, an acreage update in Argentina, and a general Corporate update. Drilling and logging of the San Angel-1 natural gas exploration well in the Magdalena Block of the Lower Magdalena Basin has been completed. Gas shows were encountered over two intervals totaling 415 feet (gross). Wireline logs and repeat formation tester data was not conclusive in quantifying reservoir quality or gas saturation. Testing operations have been initiated and are expected to be completed in late April. Gran Tierra Energy Inc. shares T.GTE are trading down $0.28 at $7.45.