Resource News

Gran Tierra Energy Inc . ("Gran Tierra" or the "Company") (NYSE American:GTE)(TSX:GTE)(LSE:GTE) announces that the Company will release its 2022 second quarter financial and operating results on Monday August 8, 2022, after market close. Gran Tierra will host its second quarter 2022 results conference call on Tuesday, August 9, 2022, at 9:00 a.m. Mountain Time, 11:00 a.m. Eastern Time.

Interested parties may register for the conference call by clicking on this link . Please note that there is no longer a general dial-in number to participate and each individual party much register through the provided link. Once parties have registered, they will be provided a unique PIN and call-in details. There is also a new feature that allows parties to elect to be called back through the "Call Me" function on the platform.

Interested parties can also continue to access the live webcast from their mobile or desktop devices by clicking on this link , which is also available on Gran Tierra's website at www.grantierra.com . An audio replay of the conference call will be available at the same webcast link two hours following the call and will be available until August 8, 2023.

About Gran Tierra Energy Inc.

Gran Tierra Energy Inc. together with its subsidiaries is an independent international energy company currently focused on oil and natural gas exploration and production in Colombia and Ecuador. The Company is currently developing its existing portfolio of assets in Colombia and Ecuador and will continue to pursue additional growth opportunities that would further strengthen the Company's portfolio. The Company's common stock trades on the NYSE American, the Toronto Stock Exchange and the London Stock Exchange under the ticker symbol GTE. Additional information concerning Gran Tierra is available at www.grantierra.com. Information on the Company's does not constitute a part of this press release. Investor inquiries may be directed to info@grantierra.com or (403) 265-3221.

Gran Tierra's U.S. Securities and Exchange Commission ("SEC") filings are available on the SEC website at www.sec.gov. The Company's Canadian securities regulatory filings are available on SEDAR at www.sedar.com and UK regulatory filings are available on the National Storage Mechanism ("the NSM") website at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. Gran Tierra's filings on the SEC, SEDAR and the NSM websites are not incorporated by reference into this press release.

Contact Information

For investor and media inquiries please contact:

Gary Guidry
President & Chief Executive Officer

Ryan Ellson
Executive Vice President & Chief Financial Officer

Rodger Trimble
Vice President, Investor Relations

+1-403-265-3221

info@grantierra.com


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

GTE:CA
Gran Tierra Energy

Gran Tierra Energy


Keep reading...Show less
Gran Tierra Energy Inc. Provides Operations and Financial Update

Gran Tierra Energy Inc. Provides Operations and Financial Update

  • Achieved Total Average Production of 30,607 BOPD During Second Quarter 2022, The Highest Since 2019
  • Second Quarter 2022 Total Average Production Up 4% from First Quarter 2022 and 25% from Second Quarter 2021
  • Ecuador and Colombia 2022 Exploration Programs Remain On-Track
  • As of June 30, 2022, Cash on Balance Sheet of $109 Million and Credit Facility Fully Repaid

Gran Tierra Energy Inc . ("Gran Tierra" or the "Company") (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced an operations and financial update. All dollar amounts are in United States dollars, and production amounts are on an average working interest before royalties (" WI ") basis unless otherwise indicated. Per barrel (" bbl ") and bbl per day (" BOPD ") amounts are based on WI sales before royalties.

Message to Shareholders

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Gran Tierra Energy Inc. Announces Termination of the Previously Announced Exchange Offers of Certain Existing Notes for New Notes and the Solicitations of Consents to Proposed Amendments to the Existing Indentures

Gran Tierra Energy Inc. Announces Termination of the Previously Announced Exchange Offers of Certain Existing Notes for New Notes and the Solicitations of Consents to Proposed Amendments to the Existing Indentures

Gran Tierra Energy Inc. (" Gran Tierra " or the " Company ") (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced the termination, effective immediately, of its previously announced offers to Eligible Holders (as defined herein) to exchange (such offers, the " Exchange Offers ") (i) any and all of the outstanding 6.25% Senior Notes due 2025 issued by Gran Tierra Energy International Holdings Ltd. (" GTEIH ") on February 15, 2018 (CUSIP: 38502HAA3 G4066TAA0; ISIN: US38502HAA32 USG4066TAA00) (the " 2025 Notes "), and (ii) any and all of the outstanding 7.750% Senior Notes due 2027 issued by the Company on May 23, 2019 (CUSIP: 38502JAA9 U37016AA7; ISIN: US38502JAA97 USU37016AA70) (the " 2027 Notes " and, together with the 2025 Notes, the " Existing Notes ") for newly issued 8.750% Senior Secured Amortizing Notes due 2029 (the " New Notes "), pursuant to the terms and subject to the conditions set forth in the exchange offer memorandum and consent solicitation statement, dated May 24, 2022 in respect of the Exchange Offers and Solicitations of Consents (as defined below) (as amended or supplemented prior to the date hereof, the " Exchange Offer Memorandum "). The Company and GTEIH are also terminating, effectively immediately, (i) the solicitation (the " 2025 Solicitation ") by GTEIH of consents (the " 2025 Consents ") from Eligible Holders of 2025 Notes to effect certain proposed amendments (the " 2025 Proposed Amendments ") to the indenture dated as of February 15, 2018, under which the 2025 Notes were issued (the " 2025 Existing Indenture "), and (ii) the solicitation (the " 2027 Solicitation " and, together with the 2025 Solicitation, the " Solicitations ") by the Company of consents (the " 2027 Consents " and, together with the 2025 Consents, the " Consents ") from Eligible Holders of 2027 Notes to effect certain proposed amendments (the " 2027 Proposed Amendments " and, together with the 2025 Proposed Amendments, the " Proposed Amendments ") to the indenture dated as of May 23, 2019, under which the 2027 Notes were issued (the " 2027 Existing Indenture " and, together with the 2025 Existing Indenture, the " Existing Indentures "). Any capitalized terms used in this press release without definition have the respective meanings assigned to such terms in the Exchange Offer Memorandum.

As a result of the termination of the Exchange Offers, none of the Existing Notes that have been tendered in the Exchange Offers will be accepted for exchange for New Notes, and no New Notes will be issued to holders of Existing Notes who have validly tendered their Existing Notes in the Exchange Offers. In addition, as a result of the termination of the Solicitations of Consents, the Proposed Amendments to the Existing Indentures will not be adopted, and the Existing Notes will remain outstanding and subject to the terms of the Existing Indentures. All Existing Notes validly tendered and not validly withdrawn will be promptly returned or credited back to their respective holders.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Gran Tierra Energy Inc. Provides Operational and Financial Update

Gran Tierra Energy Inc. Provides Operational and Financial Update

  • Achieved Total Average Production (1) of 30,556 BOPD During Second Quarter-to-Date 2022
  • Total Current Average Production (2) of 33,140 BOPD
  • Paid Down Credit Facility Balance to $0
  • Acordionero and Costayaco Infill Development Drilling Campaigns Yielding Encouraging Results
  • Spud the Company's First Exploration Well of 2022 in the Putumayo Basin of Colombia on June 2, 2022
  • Secured Drilling Rig to Begin Planned Ecuador Exploration Program During Third Quarter 2022

Gran Tierra Energy Inc . ("Gran Tierra" or the "Company") (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced an operational and financial update. All dollar amounts are in United States dollars, and production amounts are on an average working interest before royalties (" WI ") basis unless otherwise indicated. Per barrel (" bbl ") and bbl of oil per day (" BOPD ") amounts are based on WI sales before royalties.

Message to Shareholders

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Gran Tierra Energy Inc. Announces Early Participation Deadline Results for the Previously Announced Exchange Offers of Certain Existing Notes for New Notes and the Solicitations of Consents to Proposed Amendments to the Existing Indentures and Extension of the Early Participation Deadline

Gran Tierra Energy Inc. Announces Early Participation Deadline Results for the Previously Announced Exchange Offers of Certain Existing Notes for New Notes and the Solicitations of Consents to Proposed Amendments to the Existing Indentures and Extension of the Early Participation Deadline

Gran Tierra Energy Inc. (" Gran Tierra " or the " Company ") (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced the early participation results of its previously announced offers to Eligible Holders (as defined herein) to exchange (such offers, the " Exchange Offers ") (i) any and all of the outstanding 6.25% Senior Notes due 2025 issued by Gran Tierra Energy International Holdings Ltd. (" GTEIH ") on February 15, 2018 (CUSIP: 38502HAA3 G4066TAA0; ISIN: US38502HAA32 USG4066TAA00) (the " 2025 Notes "), and (ii) any and all of the outstanding 7.750% Senior Notes due 2027 issued by the Company on May 23, 2019 (CUSIP: 38502JAA9 U37016AA7; ISIN: US38502JAA97 USU37016AA70) (the " 2027 Notes " and, together with the 2025 Notes, the " Existing Notes ") for newly issued 8.750% Senior Secured Amortizing Notes due 2029 (the " New Notes "), pursuant to the terms and subject to the conditions set forth in the exchange offer memorandum and consent solicitation statement, dated May 24, 2022 in respect of the Exchange Offers and Consent Solicitations (as defined below) (as amended or supplemented prior to the date hereof, the " Exchange Offer Memorandum "). Any capitalized terms used in this press release without definition have the respective meanings assigned to such terms in the Exchange Offer Memorandum.

Existing Notes CUSIP/ISIN Numbers Principal Amount
Outstanding
Principal Amount Tendered Percentage of the Principal
Amount Outstanding
6.25% Senior Notes due 2025 38502HAA3 / G4066TAA0
US38502HAA32 / USG4066TAA00
US$300,000,000 US$110,705,000 36.90%
7.750% Senior Notes due 2027 38502JAA9 / U37016AA7
US38502JAA97 / USU37016AA70
US$300,000,000 US$122,384,000 40.79%

As of 5:00 p.m., New York City time, on June 7, 2022 (the " Early Participation Deadline "), (i) US$110,705,000 aggregate principal amount outstanding of the 2025 Notes, representing approximately 36.90% of the total principal amount outstanding of the 2025 Notes, and (ii) US$122,384,000 aggregate principal amount outstanding of the 2027 Notes, representing approximately 40.79% of the total principal amount outstanding of the 2027 Notes, had been validly tendered for exchange and not validly withdrawn, as confirmed by the Information Agent for the Exchange Offers.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Gran Tierra Energy Inc. Announces Exchange Offers of Certain Existing Notes for New Notes and the Solicitations of Consents to Proposed Amendments to the Existing Indentures

Gran Tierra Energy Inc. Announces Exchange Offers of Certain Existing Notes for New Notes and the Solicitations of Consents to Proposed Amendments to the Existing Indentures

Gran Tierra Energy Inc. (" Gran Tierra " or the " Company ") (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced the commencement of offers to Eligible Holders (as defined herein) to exchange (such offers, the " Exchange Offers ") (i) any and all of the outstanding 6.25% Senior Notes due 2025 issued by Gran Tierra Energy International Holdings Ltd. (" GTEIH ") on February 15, 2018 (CUSIP: 38502HAA3 G4066TAA0; ISIN: US38502HAA32 USG4066TAA00) (the " 2025 Notes "), and (ii) any and all of the outstanding 7.750% Senior Notes due 2027 issued by the Company on May 23, 2019 (CUSIP: 38502JAA9 U37016AA7; ISIN: US38502JAA97 USU37016AA70) (the " 2027 Notes " and, together with the 2025 Notes, the " Existing Notes ") for newly issued 8.750% Senior Secured Amortizing Notes due 2029 (the " New Notes "), pursuant to the terms and subject to the conditions set forth in the exchange offer memorandum and consent solicitation statement, dated May 24, 2022 in respect of the Exchange Offers and Consent Solicitations (as defined below) (the " Exchange Offer Memorandum "). Any capitalized terms used in this press release without definition have the respective meanings assigned to such terms in the Exchange Offer Memorandum.

Existing Notes CUSIP/ISIN Numbers Principal Amount Outstanding Early Participation Premium ( 1) Exchange Consideration ( 2) Total Consideration ( 3 )
6.25% Senior Notes due 2025 38502HAA3 / G4066TAA0
US38502HAA32 / USG4066TAA00
US$300,000,000 US$50 US$950 US$1,000
7.750% Senior Notes due 2027 38502JAA9 / U37016AA7
US38502JAA97 / USU37016AA70
US$300,000,000 US$50 US$950 US$1,000

(1)  Premium payable in principal amount of New Notes on the Settlement Date (as defined below) per each US$1,000 aggregate principal amount of Existing Notes validly tendered (and not validly withdrawn) on or before the Early Participation Deadline (as defined below).
(2)  Principal amount of New Notes per each US$1,000 aggregate principal amount of Existing Notes validly tendered (and not validly withdrawn) on or before the Expiration Deadline (as defined below). Does not include the Early Participation Premium or the applicable Accrued Interest (as defined below). Accrued Interest will be paid in cash on the Settlement Date. Holders who tender after the Early Participation Deadline but prior to the Expiration Deadline will receive only the Exchange Consideration (and Accrued Interest).
(3)  Total Consideration includes the Early Participation Premium. Total Consideration payable in principal amount of New Notes on the Settlement Date per each US$1,000 aggregate principal amount of Existing Notes validly tendered (and not validly withdrawn) on or before the Early Participation Deadline. Does not include the applicable Accrued Interest, which will be paid in cash on the Settlement Date. Holders who tender after the Early Participation Deadline but prior to the Expiration Deadline will receive only the Exchange Consideration. Holders who tender after the Early Participation Deadline but prior to the Expiration Deadline will receive only the Exchange Consideration.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Natural Resource Partners L.P. Establishes Five-Year Credit Facility Maturing August 2027

Natural Resource Partners L.P. Establishes Five-Year Credit Facility Maturing August 2027

Natural Resource Partners L.P. (NYSE: NRP) announced today it successfully completed an amendment and five-year extension of NRP Operating's revolving credit facility. Lender commitments are $102.5 million, and additional commitments can be added to expand the facility to $132.5 million.

"This new five-year credit facility will provide significant liquidity and allow us to accelerate the repayment of our 2025 Senior Notes and Preferred Units," said Craig Nunez, NRP's president and chief operating officer.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Enterprise Group Announces Results for Second Quarter 2022

Enterprise Group Announces Results for Second Quarter 2022

Enterprise Group, Inc. (TSX: E) (the "Company" or "Enterprise"). Enterprise, a consolidator of energy services (including specialized equipment rental to the energyresource sector), emphasizing technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas emissions for small to Tier One resource clients, is pleased to announce its Q2 2022 results.

Three months
June 30, 2022
Three months
June 30, 2021
Six months
June 30, 2022
Six months
June 30, 2021
Revenue$5,297,685 $3,225,543 $12,927,103 $9,084,830 
Gross margin$1,610,18830%$580,31218%$5,131,97340%$3,306,69936%
Adjusted gross margin(1)(2)$1,610,18830%$120,9504%$5,131,97340%$2,046,82123%
Adjusted EBITDA(1)(2)$1,015,97819%$(394,835)(12)%$4,045,80331%$1,070,54712%
Net (loss) income and comprehensive (loss) income$(513,268) $(1,626,547) $1,164,744 $(1,532,910) 
(Loss) income per share - Basic$(0.01) $(0.03) $0.02 $(0.03) 
(Loss) income per share - Diluted$(0.01) $(0.03) $0.02 $(0.03) 


(1) Identified and defined under "Non-IFRS Measures".

(2) The Canadian Emergency Wage Subsidy and Rent Subsidy Programs ended in October 2021. Starting in Q4 2021 to provide further comparability to pre-COVID operations, the Company has presented an Adjusted Gross Margin and Adjusted EBITDA to reflect the results of operations without any subsidy programs.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Meeka Metals

Significant New Discovery at St Anne's

Meeka Metals Limited (“Meeka” or “the Company”) is pleased to report assays from a further thirty-eight aircore holes drilled at St Anne’s, part of the 100% owned Murchison Gold Project, during July 2022.

Keep reading...Show less
investor with stock charts

VIDEO — Dr. Nomi Prins: Permanent Distortion is Here, Which Sectors Will Benefit?

Dr. Nomi Prins: Permanent Distortion is Here, Which Sectors Will Benefit?youtu.be

The US Federal Reserve has been at the top of investors' minds as it tries to tame inflation, but according to Dr. Nomi Prins, this is not where market participants should be focusing their attention.

"The Fed and other central banks basically pumped a lot of money into the system over a lot of years, and went into overdrive post-COVID," she explained at the Rule Symposium, noting that this has distorted asset values. "You can't underscore enough that we have to avoid the noise of the markets and the Fed and everything else."

Dr. Prins is a geopolitical financial expert, investigative journalist and best-selling author, and she explained that what's important is to understand where money is flowing in these circumstances.

Keep reading...Show less
Altiplano Discovers New Zone at Maria Luisa; Drills 10.50 Metres of 3.76 g/t Gold and 3.83% Copper

Altiplano Discovers New Zone at Maria Luisa; Drills 10.50 Metres of 3.76 g/t Gold and 3.83% Copper

Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) ("Altiplano" or the "Company") is pleased to announce a new discovery at the Maria Luisa Project (the "Project"), located 100 km north of La Serena within the Atacama region in Incahuasi, Chile. Drill hole 22MLDDH012 intersected 10.50 metres (m) of 3.76 grams per tonne (gt) gold (Au) and 3.83% copper (Cu), including 3.00 m of 2.30 gt Au and 8.26% Cu, and 4.50 m of 6.03 gt Au and 2.19% Cu; results are in Table 1. This drill hole was collared at the 867 m level of the current underground workings at Maria Luisa.

Program Highlights

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Anson Resources

Anson Confirms Resource Expansion Potential of Western Expansion Claims at Paradox Lithium Project

New Western Claims exhibit Similar Geology and Pressures as Eastern area of Project

Anson Resources Limited (Anson or the Company) is pleased to announce that an assessment of recently pegged new claims on the western extent of the Project has confirmed the continuation of favourable geological structures and confirmed the Resource expansion potential in the Western area at the Paradox Lithium Project in Utah, USA (the Project).

Keep reading...Show less

Latest Press Releases

Related News

×