Basic shares outstanding ~ 95 million (at September 30, 2007, including exchangeable shares). Fully diluted shares ~ 132.6 million (at September 30, 2007). Financing � A total of approximately 15.0 million units were offered in late-2005/early-2006, consisting of one share of common stock plus one warrant to purchase one-half of one share of common stock. Gross proceeds of approximately $12.0 million were used to fund the Argentina acquisitions, to cover merger and related costs and provide working capital to the company. Two private placements in June 2006 raised $75 million from the issuance of 50 million units consisting of one common share plus one warrant to purchase one-half of one share of common stock. Proceeds were used for the Argosy, Vinalar and CGC acquisitions and 2006 work programs, and are earmarked to support drilling and work programs of the Company through 2007. Gran Tierra Energy has a $50 million debt facility in place with Standard Bank, which includes an initial borrowing base of $7 million. As of September 30, 2007 the Company has not drawn on this facility and has no debt.