* 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
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)