Gran Tierra Energy Inc. (GTE.TO)

His target price is below current stock price. Guayuyaco field is very interesting. Potentially found the largest onshore discovery in Colombia in the last 10 years. Current drilling should put the pin in the oil field size and should be around the end of July.

2043 BOE’s a day in Q1. Guayuyaco wells in Columbia can do over 3000 a day. Need to expand the pipeline system. Looking to do 7000 by the end of this year. As volumes ramp up in latter half of 2008 the stock will start to move again. The next couple of months it will be in a holding pattern.

Operator in a 50% partnership with Solana (SOR-X) in a project in Colombia. Fabulous wells. Have drilled Costeyaco (?) 2 and are now drilling Costeyaco (?) 3. There could be 10 wells in this play. He doesn't know how big it is. In his models, he is using 30 million barrels of recoverable oil. Use a 2, 3 year time horizon.

Operator in the Costayaco play in Colombia along with Solana (SOR-X). Looking into getting a 2nd or even a 3rd rig.