RPT-MEDIA LINK-Uber's CEO plays with fire -New York Times
* For exploration in Colombia, Peru, Brazil, Argentina
* Expects 2011 prod between 21,500 to 23,500 BOEPD gross
Dec 20 Gran Tierra Energy (GTE.TO), a Canadian oil and gas exploration company, said it has set a capital spending program of $299.2 million for exploration and development in Colombia, Peru, Argentina and Brazil.
The Calgary, Alberta-based company expects production in 2011 between 21,500-23,500 barrels of oil equivalent per day (BOEPD) gross.
The capital spending program includes $146.9 million for drilling and completions, $74.4 million for facilities, equipment and pipelines and $77.9 million for seismic activities, the company said in a statement.
Shares of the company, which have risen about 64 percent since touching a year-low in May, closed at C$8.06 on Friday on the Toronto Stock Exchange. (Reporting by Amruta Sabnis in Bangalore)
RIYADH, April 23 Saudi Arabia reinstated financial allowances for civil servants and military personnel on Saturday after better-than-expected budget figures, ending unpopular cuts to a key perk triggered by low oil prices and cheering the stock market.