Gran Tierra Energy Announces 2016 Capital Budget And Guidance

CALGARY, ALBERTA--(Jan 18, 2016) -  All dollar amounts are in United States ("U.S.") dollars unless otherwise indicated.

Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (GTE.TO)(GTE.TO) is pleased to announce its 2016 capital and operating budget. Given the current volatility in commodity prices, the board of directors of Gran Tierra has approved a flexible budget focusing capital allocation on projects to grow and expand the assets in Colombia, while maximizing the value of assets in Brazil and Peru.

"An important part of our base and development budget is underway now and will be completed over the first six months of 2016. If the price of oil remains below $50.00 per barrel through the second quarter of 2016, the Company may choose to defer some discretionary components of our exploration and development budget to preserve cash. We plan to continue to allocate capital to acquisitions and joint ventures, consistent with our strategy of expanding and diversifying the Company's growth portfolio in Colombia," commented Gary Guidry, President and Chief Executive Officer of Gran Tierra.

Suncor Energy and Canadian Oil Sands reach agreement to support acquisition

Amended offer increases exchange ratio to 0.28 of a Suncor share for each COS share
Amended offer supported by COS Board and Seymour Schulich
Amended offer expected to expire at 4:00 p.m. (MT) on February 5, 2016
Shareholders are urged to tender their shares

(All dollar amounts referenced are in Canadian dollars) CALGARY, Jan. 18, 2016 - Suncor Energy Inc. (TSX: SU; NYSE: SU) and Canadian Oil Sands Limited (TSX:COS.TO ) are pleased to announce that they have reached an agreement to support the offer by Suncor to purchase all of the shares of COS.

Under the terms of the support agreement (the "Agreement") Suncor has agreed to amend its offer (the "Amended Offer") to provide for an increase in the original offer to COS shareholders to 0.28 of a Suncor share for each COS share. The Amended Offer, with a total aggregate transaction value of approximately $6.6 billion including COS' estimated debt of $2.4 billion, has the support of the Boards of Directors of both companies.

Lucas Energy Announces Entry Into Mid-Continent With Agreement To Acquire Hunton Properties

Rebranding of Organization and Redirection of Strategic Vision

HOUSTON, Dec. 31, 2015 -- Lucas Energy, Inc. (NYSE MKT: LEI) ("Lucas" or the "Company") announced today that is has signed a purchase agreement to acquire, from 21 different entities and individuals, working interests in producing properties and undeveloped acreage.  The assets being acquired include varied interests in two largely contiguous acreage blocks in the liquids-rich Mid-Continent region.  The properties currently produce in excess of 1,200 net barrels of oil equivalent per day (BOE/d), of which 53% are liquids from 114 producing wells. 

Pacific acquires the remaining 50% working interest in the CPE-6 Block; Increasing production, cash flow and net reserves, without an immediate cash outlay

TORONTO, Dec. 21, 2015 - Pacific Exploration & Production Corp. (TSX:PRE.TO - News) (BVC:PREC) is pleased to announce that its wholly-owned subsidiary Meta Petroleum Corporation ("Meta") has reached an agreement (the "Agreement") with Talisman Colombia Oil & Gas Ltd. ("Talisman") to acquire the remaining 50% working interest held by Talisman in the CPE-6 Block (the "Block") in Colombia.

Ronald Pantin, Chief Executive Officer of the Company, commented:  "This acquisition consolidates an important new heavy oil discovery in Colombia. Our net production before royalty will increase to 100% minus Variable Monthly Payments equal to 4 percent, which has an immediate positive impact on cash flow and doubles our net reserves in the Block without an initial cash outlay. Cash payments will be distributed in three tranches based on accumulated gross production thresholds of the Block. The first phase facilities are built and operating providing infrastructure to significantly increase production. The Company is looking forward to drilling and developing this heavy oil asset to its full potential, which contains a large amount of oil in place."