ECUADOR

Gran Tierra Energy Inc. Provides Operations Update

Retrieved on: 
Monday, March 11, 2024

2024 Year-to-Date Total Company Average Production1 of Approximately 33,100 BOPD, 6% Percent Increase from Fourth Quarter 2023

Key Points: 
  • 2024 Year-to-Date Total Company Average Production1 of Approximately 33,100 BOPD, 6% Percent Increase from Fourth Quarter 2023
    CALGARY, Alberta, March 11, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced an operational update.
  • Gary Guidry, President and Chief Executive Officer of Gran Tierra, commented: “We are thrilled by the outcome to the start of our development drilling program so far in 2024.
  • Since December 2023, Gran Tierra has drilled 5 wells of which 4 are oil producers and 1 is a water injector:
    The first well, CYC-56, has been on production with jet pump since early January 2024.
  • During 2023 Gran Tierra received an “A” rating from MSCI5 as a result of its Beyond Compliance philosophy and ESG performance.

New to The Street Announces TV Episode 560 with its Five Business Guest Interviews, Airs as Sponsored Programming on Bloomberg TV Tonight, Thursday, March 7, 2024, at 9:30 PM PT

Retrieved on: 
Thursday, March 7, 2024

First, in October 2023, veterinarians presented SPRYNG™'s positive study results on dogs with cranial cruciate ligament (CCL) disease.

Key Points: 
  • First, in October 2023, veterinarians presented SPRYNG™'s positive study results on dogs with cranial cruciate ligament (CCL) disease.
  • Also, Ethos Veterinary Health, LLC's study on canine hip dysplasia using the product shows success, giving more veterinary doctors information about product uses.
  • PETV's SPRYNG™ with OsteoCushion Technology is a "Game Changer" medical device that successfully treats pets and gives owners options beyond surgeries.
  • New to The Street airs TV Host Jane King's interview with VRM BioLogik® Group's (VRM) Ken Bellamy, Founder and President .

Atico Mining Signs an Investment Agreement with the Government of Ecuador, for the Development of its La Plata Project

Retrieved on: 
Tuesday, March 5, 2024

VANCOUVER, British Columbia, March 05, 2024 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) is pleased to announce that it has signed, with the Government of Ecuador, an investment agreement (“the Agreement”) for its 100% owned La Plata mining project located in Ecuador (the “La Plata project”).

Key Points: 
  • VANCOUVER, British Columbia, March 05, 2024 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) is pleased to announce that it has signed, with the Government of Ecuador, an investment agreement (“the Agreement”) for its 100% owned La Plata mining project located in Ecuador (the “La Plata project”).
  • In the context of this event, the Ecuadorian administration, through the agency of Minister Sonsoles Garcia, formalized this agreement with Atico Mining Corporation.
  • Specifically, this agreement encompasses most previous and future exploration, development, construction and initial sustaining investment phases of the La Plata mining project.
  • The document further delineates the Ecuadorian State's commitment to assist and expedite the progress of the La Plata mining project.

Vencora Grows Presence in Latin America with Acquisition of SERIVA Inc.

Retrieved on: 
Tuesday, March 5, 2024

TORONTO, March 05, 2024 (GLOBE NEWSWIRE) -- Vencora today announced that it has acquired SERIVA Inc. (“SERIVA”), through one of Vencora’s companies, Fisa Group.

Key Points: 
  • TORONTO, March 05, 2024 (GLOBE NEWSWIRE) -- Vencora today announced that it has acquired SERIVA Inc. (“SERIVA”), through one of Vencora’s companies, Fisa Group.
  • Founded in 2001, SERIVA provides end-to-end treasury management software for financial institutions in Latin America.
  • “Wishing a very warm welcome to SERIVA and its team to Vencora,” said Ateet Patel, Banking Portfolio Manager at Vencora.
  • “SERIVA boosts Vencora’s presence within Latin America and greatly complements our portfolio’s existing banking solutions within the region.

Solaris Announces Cooperation Agreement with Interprovincial Federation of Shuar Centers and the Alliance for Entrepreneurship and Innovation of Ecuador

Retrieved on: 
Friday, March 1, 2024

VANCOUVER, British Columbia, March 01, 2024 (GLOBE NEWSWIRE) -- Solaris Resources Inc. (TSX: SLS; OTCQB: SLSSF) (“Solaris” or the “Company”) is pleased to announce a trilateral cooperation agreement with the Interprovincial Federation of Shuar Centers (“FICSH”) and the Alliance for Entrepreneurship and Innovation (“AEI”) of Ecuador, with the signing ceremony to take place over PDAC.

Key Points: 
  • VANCOUVER, British Columbia, March 01, 2024 (GLOBE NEWSWIRE) -- Solaris Resources Inc. (TSX: SLS; OTCQB: SLSSF) (“Solaris” or the “Company”) is pleased to announce a trilateral cooperation agreement with the Interprovincial Federation of Shuar Centers (“FICSH”) and the Alliance for Entrepreneurship and Innovation (“AEI”) of Ecuador, with the signing ceremony to take place over PDAC.
  • FICSH is the highest authority and largest Shuar indigenous organization legally established by statute of the Ministry of Social Welfare of Ecuador in 1964 and includes 50 associations comprising 500 Shuar communities and approximately 143,000 Shuar indigenous people.
  • AEI is an independent non-profit dedicated to promoting entrepreneurship and innovation as the basis for the productive development of Ecuador.
  • The organization represents a network of public, private and academic actors of which Solaris has been a member since 2021.

Ecotape Increases Exports by 30% Using Descartes’ Global Trade Intelligence Solution

Retrieved on: 
Wednesday, February 21, 2024

BUENOS AIRES, Argentina and ATLANTA, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Ecotape, an Argentine auto parts manufacturer, increased international sales by 30% in 2023 using Descartes’ global trade intelligence solution, Descartes Datamyne™.

Key Points: 
  • BUENOS AIRES, Argentina and ATLANTA, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Ecotape, an Argentine auto parts manufacturer, increased international sales by 30% in 2023 using Descartes’ global trade intelligence solution, Descartes Datamyne™.
  • The company was able to identify potential buyers based on commodity-level trading volume and value of prospective customers.
  • “We’re pleased to help Ecotape grow its international exports using the Descartes Datamyne global trade intelligence solution,” said Helen Abdu, Sales Manager, Descartes Datamyne LATAM at Descartes.
  • Our cloud-based solution greatly simplifies this effort by providing companies with searchable, current and highly granular trade data to better inform market research, sales insight and competitive strategies.”

GeoPark Reports Fourth Quarter and Full-Year 2023 Results

Retrieved on: 
Wednesday, March 6, 2024

GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator, and consolidator, reports its consolidated financial results for the three-month period ended December 31, 2023 (“Fourth Quarter” or “4Q2023”) and for the year ended December 31, 2023 (“Full Year” or “FY2023”).

Key Points: 
  • GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator, and consolidator, reports its consolidated financial results for the three-month period ended December 31, 2023 (“Fourth Quarter” or “4Q2023”) and for the year ended December 31, 2023 (“Full Year” or “FY2023”).
  • In 2023, GeoPark delivered $451.9 million Adjusted EBITDA, an EBITDA margin of 60%, and $111.1 million of net profit.
  • Improved operating results during 4Q2023 translated into $117.8 million Adjusted EBITDA for 4Q2023, the highest of 2023.
  • Andrés Ocampo, Chief Executive Officer of GeoPark, said: “The fourth quarter marked a strong finish to a challenging year on the production front.

VTEX Reports Fourth Quarter 2023 Financial Results

Retrieved on: 
Tuesday, February 27, 2024

VTEX (NYSE: VTEX), the global enterprise digital commerce platform, today announced results for the fourth quarter of 2023 ended December 31, 2023.

Key Points: 
  • VTEX (NYSE: VTEX), the global enterprise digital commerce platform, today announced results for the fourth quarter of 2023 ended December 31, 2023.
  • Geraldo Thomaz Jr., founder and co-CEO of VTEX, commented, “In 2023, we consistently surpassed expectations quarter after quarter, navigating an uncertain economic landscape.
  • Non-GAAP subscription gross margin was 78.6% in the fourth quarter of 2023, compared to 73.5% in the same quarter of 2022.
  • Non-GAAP income from operations was US$11.6 million during the fourth quarter of 2023, compared to a Non-GAAP income from operations of US$1.7 million in the third quarter of 2023 and a Non-GAAP income from operations of US$2.1 million in the same quarter of 2022.

Carlos Merino Appointed CEO of DP World in Peru

Retrieved on: 
Tuesday, February 20, 2024

DP World , a global leader in logistics and trade solutions, announces that it has appointed Carlos Merino as CEO of DP World in Peru.

Key Points: 
  • DP World , a global leader in logistics and trade solutions, announces that it has appointed Carlos Merino as CEO of DP World in Peru.
  • The appointment expands Merino’s current role as CEO of DP World Ecuador, as he will now lead DP World’s operations in both countries.
  • Morten Johansen, Chief Operating Officer of DP World Americas, “Carlos Merino's elevation to CEO for DP World in Peru reflects his strong performance as CEO of DP World Ecuador and extensive experience in supply chain solutions throughout his career in Peru and beyond.
  • Carlos Merino, CEO of DP World in Ecuador and Peru, said, “I am deeply honored to take on the role of CEO for DP World in Peru.

GeoPark Announces 2P Reserve Replacement of 110%

Retrieved on: 
Wednesday, February 21, 2024

All reserves included in this release refer to GeoPark working interest before royalties paid in kind, except when specified.

Key Points: 
  • All reserves included in this release refer to GeoPark working interest before royalties paid in kind, except when specified.
  • During 2023, GeoPark added 14.0 mmboe of net 2P reserves, which after producing 12.7 mmboe resulted in 2P reserves of 115.1 mmboe, representing a 110% 2P Reserve Replacement Ratio (RRR).
  • The improved recovery from the horizontal well drilling campaign and waterflooding projects in the Llanos 34 Block (GeoPark operated, 45% WI) also added 2P reserves.
  • D&M estimated future development capital required to develop 1P reserves at $126 million, and $310 million to develop 2P reserves.