Gran Tierra Energy Inc. today announced the voting results from the Company's annual meeting of stockholders held on May 3, 2023. Final Voting Results of Gran Tierra's Annual Meeting of Stockholders: Stockholders elected all nine individuals nominated by Gran Tierra. In addition, stockholders voted "FOR" the ratification of the appointment of KPMG LLP as Gran Tierra's independent registered public accounting firm for the [...]
First Quarter 2023 Total Average Production of 31,611 BOPD, Up 8% from One Year Ago Second Quarter-To-Date 2023 Total Average Production of Approximately 32,400 BOPD Net Loss of $10 Million, Net Income of $115 Million Over Last 12 Months Adjusted EBITDA of $89 Million, $459 Million Over Last 12 Months Funds Flow from Operations of $60 Million, $339 Million Over Last 12 Months Cash Balance of $106 Million and Net Debt of [...]
Gran Tierra Energy Inc. announces that the Company will release its 2023 first quarter financial and operating results on Tuesday May 2, 2023, post-market. Gran Tierra will host its first quarter 2023 results conference call on Wednesday, May 3, 2023, at 9:00 a.m. Mountain Time, 11:00 a.m. Eastern Time. Gran Tierra also provides the following information regarding the Company's Annual Meeting of Stockholders. Gran [...]
Gran Tierra Energy Inc. is pleased to announce that the Company has entered into an agreement with Ecopetrol S.A. , the national oil company of Colombia, by which the parties renegotiated the terms and the duration of the contract for the Suroriente Block in the Department of Putumayo, which was scheduled to end in mid-2024 . All dollar amounts are in United States dollars unless otherwise indicated. The Agreement [...]
Achieved First Quarter 2023 Total Company Average Production of Approximately 31,700 BOPD, an Increase of 8% from First Quarter 2022 Acordionero Field Producing Approximately 20,000 BOPD for First Time Since Second Quarter 2019 Share Buybacks: Purchased 13 Million Gran Tierra Shares of Common Stock During First Quarter 2023 Bond Buybacks: Purchased $8 Million in Face Value of Gran Tierra 2025 Bonds During First Quarter [...]
Achieved 2022 Net Income of $139 Million , Highest on Record 2022 Funds Flow from Operations2 Increased 96% Year-Over-Year to $366 Million, Highest on Record 2022 Adjusted EBITDA2 Increased 103% Year-Over-Year to $490 Million Generated 2022 Free Cash Flow2 of $129 Million, Highest on Record Achieved 2022 Average Working Interest Production of 30,746 BOPD, Up 16% from 2021 Total Current Average Working Interest Production1 [...]
Gran Tierra Energy Inc. announces that the Company will release its 2022 fourth quarter financial and operating results on Tuesday, February 21, 2023, after market close. Gran Tierra will host its fourth quarter 2022 results conference call on Wednesday, February 22, 2023, 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 [...]
Added Total Company Reserves of 14 MMBOE 1P, 17 MMBOE 2P and 31 MMBOE 3P Achieved 126% 1P, 148% 2P and 280% 3P Reserves Replacement Fourth Consecutive Year of 1P Reserves Growth Exploration Discoveries Alone Added Company Reserves of 5 MMBOE 1P, 16 MMBOE 2P and 32 MMBOE 3P Achieved Three-Year Average Per Barrel Finding and Development Costs of $11.69 PDP and $14.51 1P Reserve Life Indexes of 7 , 11 and 15 Years Net [...]
Gran Tierra Met Production Guidance with 2022 Total Company Average Production of Approximately 30,800 BOPD Fourth Quarter 2022 Total Company Average Production of Approximately 32,600 BOPD, an Increase of 10% from Fourth Quarter 2021 Strong Exit with Total Company Average Production During December 2022 of Approximately 33,800 BOPD Moqueta Development Campaign Underway with Second Development Well Spud First Moqueta [...]
2023 Capital Expenditure Budget of $210-250 Million, Expected 2023 Cash Flow1 of $270-320 Million in Base Case Plan to Drill 18-23 Development Wells and 4-6 Exploration/Appraisal Wells Forecast 2023 Production of 32,000-34,000 BOPD, an Increase of 8% from 2022 and 24% from 2021 Forecast 2023 Free Cash Flow2 of $135 Million Before Exploration, $65 Million After Exploration in Base Case CALGARY, Alberta, Dec. 07, 2022 [...]
Ecuador Exploration: Charapa Norte-1 Well Producing at Average Rate of 1,188 BOPD Colombia Exploration: Rose-1 Well Producing at Average Rate of 305 BOPD Bought Back 15 Million Gran Tierra Shares of Common Stock for $20 Million Since September 1, 2022 CALGARY, Alberta, Dec. 05, 2022 -- Gran Tierra Energy Inc. today announced an operational and financial update. All dollar amounts are in United States dollars, and [...]
Third Quarter 2022 Average Production of 30,391 BOPD, Up 5% from One Year Ago Fourth Quarter-To-Date 2022 Average Production of 32,291 BOPD Net Income of $39 Million, $168 Million Over The Last 12 Months Adjusted EBITDA 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 of $94 Million, Up 36 [...]