Gran Tierra Energy Inc. (Gran Tierra) is an independent energy company engaged in oil and gas exploration, development and production. The Company owns oil and gas properties in Colombia, Argentina and Peru. During the year ended December 31, 2008, the Company held 1,996,575 gross acres in Colombia, 1,635,491 gross acres in Argentina and 3,436,040 acres in Peru. On November 14, 2008, Gran Tierra completed the acquisition of Solana Resources Limited (Solana). Solana's exploration and development properties are located in Colombia, and are held through its wholly owned subsidiary, Solana Petroleum Exploration (Colombia) Limited. Solana holds working interests in nine blocks in Colombia and operates six of these blocks. Gran Tierra is the operator of two of the producing blocks, Guayuyaco and Chaza, along with one producing well, Inchiyaco, on its Santana block in which Solana is a partner.