Listeners are urged to carefully review and consider the various disclosures made by Gran Tierra Energy in its reports filed with the Securities and Exchange Commission, including those risks set forth in Gran Tierra Energy’s quarterly report on Form 10-Q filed with the SEC on August 7, 2012 and in its annual report on Form 10-K for the year ended December 31, 2011 filed with the Securities and Exchange Commission February 27, 2012.

If one or more of these risks or uncertainties materialize or if the underlying assumptions prove incorrect, Gran Tierra Energy’s actual results may vary materially from those expected or projected. Listeners are urged not to place undue reliance on forward-looking statements made in today’s conference call. Gran Tierra Energy assumes no obligation to update these forward-looking statements other than as may be required by applicable law or regulation.

Today's conference call also includes the non-GAAP measures funds flow from operations. The press release disseminated by Gran Tierra Energy last night includes a reconciliation of this non-GAAP item with company's GAAP net income or loss as well as information about why the management believes this measure is useful in evaluating the company's performance and is available on Grand Tierra Energy's website www.grantierra.com.

All dollar amounts mentioned in today’s conference call are in US dollars unless otherwise stated. Finally this earnings call is the property of Gran Tierra Energy Incorporated, any copying or rebroadcasting of this call is expressly forbidden without the written consent of Grand Tierra Energy. I will now turn the conference over to Mr. Dana Coffield, President and Chief Executive officer of Grand Tierra Energy. Please go ahead.

Dana Coffield

Thank you good morning and thank you for joining us for Gran Tierra Energy's second quarter 2012 results conference calls. With me today is Shane O'Leary, our Chief Operating Officer, and James Rozon our Chief Financial Officer.

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