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&lt;div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt"&gt;11. Credit Facilities&lt;/font&gt;&lt;/div&gt;
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&lt;div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"&gt;Effective July 30, 2010, a subsidiary of Gran Tierra, Solana, established a credit facility with BNP Paribas for a three-year term which may be extended or amended by agreement between the parties. &amp;nbsp;This reserve based facility has a maximum borrowing base up to $100 million and is supported by the present value of the petroleum reserves of the Company's two subsidiaries with operating branches in Colombia &amp;ndash; Gran Tierra Energy Colombia Ltd. and Solana Petroleum Exploration (Colombia) Ltd.&amp;nbsp; The initial committed borrowing base is $20 million. &amp;nbsp;Amounts drawn down under the facility bear interest at the USD LIBOR rate plus 3.5%. In addition, a stand-by fee of 1.50% per annum is charged on the unutilized balance of the committed borrowing base and is included in general and administrative expense. &amp;nbsp;Under the terms of the facility, the Company is required to maintain and was in compliance with certain financial and operating covenants. As at September 30, 2010, the Company had not drawn down any amounts under this facility.&lt;/font&gt;&lt;/div&gt;
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Effective July 30, 2010, a subsidiary of Gran Tierra, Solana, established a credit facility with BNP Paribas for a three-year term which</NonNumericTextHeader>
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 -Publisher SEC
 -Name Regulation S-X (SX)
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 -Section 08
 -Paragraph f
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
 -Publisher SEC
 -Name Regulation S-X (SX)
 -Number 210
 -Section 02
 -Paragraph 19, 22
 -Article 5

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