Yesterday, prior to market open, Gran Tierra Energy Inc. announced its 2012 year-end reserves and a production update for Q4/12 and January 2013.

With Gran Tierra’s share price showing no positive reaction at all to what is at least a slightly positive reserves update.

Upside potential could be de-risked with continued appraisal and development of the Costayaco, Moqueta, Ramiriqui and Bretana conventional oil fields in Colombia and Peru, tight oil exploration in Brazil,
and multiple opportunities in Argentina.

Therefore we see Gran Tierra’s shares currently offering a discount and attractive investment opportunity.

More then likely political risk but we really like.