finance.yahoo.com
Many sites post the analyst earning estimates, here's one.
Last quarter GTE reported soon after the quarter eneded. You'll have to call investor relations or Gran Tierra for a specific update on thier plan for reporting Q2 2008 financials
I would expect the prodcution rates to be simiilar to Q1 2008, although Gran Tierra is in the process of ramping up production after the completion of phase 1 infrastructure improvements (new 8" pipeline) for the Costayaco oil field.
The cost of the phase 1 infrastucture will be written off against taxes, so taxes should decrease in Q2 and, or Q3 2008. The price of oil was favorable in Q2 2008, (compared to Q1) although the market is looking for big increases in production revenues from the discovered oil that's waiting behind the pipe. Increased capicity in the infrastructure, is needed to brring all the discovered oil to market. At this point, if Costayaco -4 flows tests 6,000 bopd, there is not existing infrastructure to deliver all the new oil to market. If oil prices keep rising, the discovered oil amounts to big money in the bank.
In my opinion the risk for these juniors is in discovering oil, or not, Costayaco infrastructure improvements on land in Colombia are straight forward, build bigger pipelines with nore capacity. Solana and Gran Tierra have the phase 1 infrastructure almost complete and funding available for pahse 2. I assume GTE is waiting as long as possible to define the phase 2 improvements, after Costayaco -1 GTE estimated the phase 2 pipeline would need to deliver 25,000 bopd.
It would get the share price a nice boost, if after Costayaco -4 or 5, they decided to boost the maximium capicty to say 40,000 bopd. Just a thought.
You should try searching for the planned dates when companies release financial reports, before you make a call to IR/ GTE.
Good luck.
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