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Gran Tierra Announces $367 Million Capital Program for 2012

Gran Tierra Energy Inc. (GTE.TO), a company focused on oil exploration and production in South America, announced today a 2012 capital spending program of $367 million for its exploration and production development operations in Colombia, Brazil, Peru and Argentina.

The company said the capital spending program allocates $246 million for drilling, $39 million for facilities, equipment and pipelines, including $2 million associated with corporate activities, and $82 million for seismic activities.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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