Oil and Gas


Gran Tierra Energy (TSX:GTE,NYSE:GTE,LSE:GTE) produces assets and exploration prospects in Colombia and Ecuador. The company operates the production from the vast majority of its assets, which gives it control over where and when to drill. Gran Tierra is focusing on enhancing recovery by utilizing the waterflooding process that results in higher oil recovery rates and modest future development costs. The company has plans to conduct additional exploration and development operations throughout 2022 and 2023.

The company is currently increasing its production at its flagship project, Acordionero, by drilling 14-16 new development wells throughout 2022. Since the project’s acquisition in 2016, it has produced roughly 28 million barrels of oil (MMbbl) and generated approximately US$1.3 billion in oil and gas sales. In addition, drilling and completion costs have steadily decreased by over 50 percent during the past four years. The drilling of new developemtn wells is also slated for this year at two of Gran Tierra’s other major fields, Costayaco and Moqueta. All the company’s oil fields have access to robust transportation infrastructure and benefit from a stable economic environment.

Gran Tierra

Company Highlights

  • Gran Tierra is an international oil and gas company focused on exploration and production in Colombia and Ecuador.
  • The company leverages waterflooding to improve oil recovery at each of its assets, which are world-class candidates for this enhanced recovery technique.
  • Gran Tierra plans to drill several new wells throughout 2022 in addition to conducting exploration programs at its other assets.
  • Acordionero, the company’s flagship project, has already produced over US$1.3 billion in oil and gas sales since 2016. Additionally, 14-16 new wells are scheduled to be drilled in this oil field this year.
  • The company focuses on enhancing oil recovery at each producing asset to maximize the value of all its reservoirs.
  • ESG ratings are essential for Gran Tierra, and the company has already planted 1.2 million trees in Colombia, alongside other environmental initiatives.
  • A strong management team with directly relevant experience leads the company towards its goals.

This Gran Tierra Energy company profile is part of a paid investor education campaign.*

GTE:CA
Gran Tierra Energy

Gran Tierra Energy


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Gran Tierra Energy Inc. Announces Third Quarter 2022 Results

Gran Tierra Energy Inc. Announces Third Quarter 2022 Results

  • Third Quarter 2022 Average Production of 30,391 BOPD, Up 5% from One Year Ago
  • Fourth Quarter-To-Date 2022 Average Production (1 ) of 32,291 BOPD
  • Net Income of $39 Million, $168 Million Over The Last 12 Months
  • Adjusted EBITDA (2) of $121 Million, Up 48% Year-on-Year, $462 Million Over Last 12 Months
  • Net Cash Provided by Operating Activities of $109 Million, Up 82% Year-on-Year
  • Funds Flow from Operations (2) of $94 Million, Up 36% Year-on-Year, $350 Million Over Last 12 Months
  • Free Cash Flow (2 ) of $37 Million, $146 Million Over Last 12 Months
  • Cash Balance of $118 Million and Net Debt (2) of $462 Million, as of September 30, 2022
  • Colombia Exploration: Rose-1 Drilled and Undergoing Testing, Rig Mobilizing for Gaitas-2 Exploration Well
  • Ecuador Exploration: First Two Exploration Wells Drilled in Ecuador with First Well Yielding Oil and Second Well to be Tested

Gran Tierra Energy Inc . ("Gran Tierra" or the "Company") (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced the Company's financial and operating results for the quarter ended September 30, 2022 (" the Quarter "). All dollar amounts are in United States dollars, and production amounts are on an average working interest (" WI ") before royalties basis unless otherwise indicated. Per barrel (" bbl ") and bbl per day (" BOPD ") amounts are based on WI sales before royalties. For per bbl amounts based on net after royalty (" NAR ") production, see Gran Tierra's Quarterly Report on Form 10-Q filed November 1, 2022.

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Gran Tierra Energy Inc. Provides Release Date for its 2022 Third Quarter Results and Details of Conference Call and Webcast

Gran Tierra Energy Inc. Provides Release Date for its 2022 Third Quarter Results and Details of Conference Call and Webcast

Gran Tierra Energy Inc . ("Gran Tierra" or the "Company") (NYSE American:GTE)(TSX:GTE)(LSE:GTE) announces that the Company will release its 2022 third quarter financial and operating results on Tuesday, November 1, 2022, after market close. Gran Tierra will host its third quarter 2022 results conference call on Thursday, November 3, 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 must 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.

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Gran Tierra Energy Inc. Provides Operational and Financial Updates

Gran Tierra Energy Inc. Provides Operational and Financial Updates

  • Achieved Third Quarter 2022 Average Production of Approximately 30,391 BOPD, Up 5% from One Year Ago
  • Fourth Quarter-To-Date 2022 Total Company Average Production (1) of Approximately 32,000 BOPD
  • Bought Back 10.8 Million Gran Tierra Shares of Common Stock for $14.4 Million during September 2022
  • Bought Back 6.7% of Gran Tierra's 6.25% Senior Notes Due February 2025 for $17.3 Million in September 2022
  • As of September 30, 2022, Gran Tierra Had a Cash Balance of $118 Million and Net Debt (2) of $462 Million
  • Colombia Exploration: Production Testing Gaitas-1 Well, Planning a Gaitas-2 Well, Drilled and Cased Rose-1 Well
  • Ecuador Exploration: Drilled and Cased Bocachico-1 Exploration Well with Production Testing Underway and Currently Drilling Charapa Norte-1 Well

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 per day (" BOPD ") amounts are based on WI sales before royalties.

Message to Shareholders

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Gran Tierra Energy Inc. Announces Normal Course Issuer Bid

Gran Tierra Energy Inc. Announces Normal Course Issuer Bid

Gran Tierra Energy Inc. ("Gran Tierra") (NYSE American: GTE)(TSX: GTE)(LSE: GTE) today announces that the Toronto Stock Exchange (" TSX ") has approved its notice of intention to make a normal course issuer bid (the " Bid ") for its shares of common stock (the " Shares "). As of August 22, 2022, there were 368,871,685 Shares issued and outstanding and the public float was 360,339,690 Shares. Pursuant to the Bid, Gran Tierra will be able to purchase for cancellation up to 36,033,969 Shares, representing 10% of the public float, at prevailing market prices at the time of purchase, through the facilities of the TSX or alternative trading platforms in Canada, if eligible, or by such other means as may be permitted by the TSX, for a one year period commencing on September 1, 2022 and ending on August 31, 2023. Gran Tierra may purchase up to 514,658 Shares on the TSX during any trading day, which represents approximately 25% of 2,058,635, which represents the average daily trading volume on the TSX for the most recently completed six calendar months prior to the TSX's acceptance of the notice of the Bid. Gran Tierra may effect repurchases from time to time in the open market; provided that the aggregate purchase price under the Bid shall not exceed USD$37.5 million without further consideration of and approval by Gran Tierra's board of directors.

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Gran Tierra Energy Inc. Announces New Credit Facility

Gran Tierra Energy Inc. Announces New Credit Facility

Gran Tierra Energy Inc. (" Gran Tierra " or the " Company ") (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced that it has, through its wholly owned subsidiaries Gran Tierra Energy Colombia, LLC and Gran Tierra Colombia Inc., entered into a credit facility of up to US$150 million. The facility replaces Gran Tierra's previous credit facility that had a borrowing base of US$150 million. The new facility is with Trafigura, a market leader in the global commodities industry, and has a final maturity date of August 15, 2024, which may be extended to February 18, 2025 if certain conditions are met.

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Suncor Energy to Retain and Optimize its Petro-CanadaTM Retail Business

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Gran Tierra Energy President & CEO Gary Guidry

Gran Tierra Tests Polymer Injection Process to Enhance Oil Recovery at Acordionero

Gran Tierra tests polymer injection process to enhance oil recovery at Acordioneroyoutu.be

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