Gran Tierra Energy Inc. 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 [...]
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 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 Energy Inc. , today announces that the Toronto Stock Exchange has approved its notice of intention to make a normal course issuer bid for its shares of common stock . 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 [...]
Gran Tierra Energy Inc. 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 [...]
Achieved Average Total Production of 29,362 BOPD, Up 20% Year-on-Year Generated Net Income of $14 Million Increased Adjusted EBITDA to $119 Million, Up 185% Year-on-Year Grew Net Cash Provided by Operating Activities to $104 Million, Up 148% Year-on-Year Increased Funds Flow from Operations to $87 Million, Up 201% Year-on-Year Generated Free Cash Flowof $46 Million, Highest Since Fourth Quarter 2012 Credit Facility [...]
Gran Tierra Energy Inc. announces that the Company will release its 2022 first quarter financial and operating results on Tuesday May 3, 2022, post-market, and provides the following information regarding the Company's Annual Meeting of Stockholders. Gran Tierra's 2022 Annual Meeting of Stockholders will be held on Wednesday, May 4, 2022 at 11:00 a.m. . Our Meeting will be held as a virtual-only shareholder meeting with [...]
Achieved First Quarter 2022 Total Company Average Production of 29,362 BOPD, Up 20% Year-on-Year Acordionero and Costayaco Infill Development Drilling Campaigns Yielding Encouraging Results Expect to Meet Full Year 2022 Guidance of 30,500-32,500 BOPD As of March 31, 2022, Paid Down Credit Facility to $40 Million and Had Cash Balance of $59 Million Balance of Credit Facility Expected to be Fully Paid in Second Quarter 2022 [...]
Achieved 2021 Production of 26,507 BOPD, Up 17% from 2020 Total Current Average Production1 of Approximately 30,000 BOPD Generated 2021 Net Income of $42 Million, Highest Since 2018 2021 Adjusted EBITDA2 Increased 150% Year-Over-Year to $242 Million 2021 Funds Flow from Operations2 Increased 312% Year-Over-Year to $186 Million Generated 2021 Free Cash Flow2 of $37 Million, Highest Since 2012 Reduced Greenhouse Gas [...]
Gran Tierra Energy Inc. , announces that the Company will release its 2021 fourth quarter and full year financial and operating results on Tuesday, February 22, 2022, after market close. A conference call to discuss the 2021 fourth quarter results will be held at 11:00 a.m. Eastern Time the following day, Wednesday February 23, 2022. Details of the conference call are as follows: Date: Wednesday February 23, 2022 Time [...]
Achieved 148% PDP and 123% 1P Reserves Replacement Added 14.3 MMBOE of PDP Reserves and 11.9 MMBOE of 1P Reserves Realized PDP Finding and Development Costs of $9.51 per Barrel 100% of Reserves Additions Were Oil 1P Net Asset Value per Share Before Tax of $2.61, Up 127% from 2020 2P Net Asset Value per Share Before Tax of $4.72, Up 45% from 2020 1P Reserves Equal 65% of 2P Reserves, Demonstrating Strength of Company's [...]
Total Company Current Average Production of Approximately 30,000 BOPD Achieved 2021 Total Company Average Production of 26,500 BOPD, In-Line with Guidance Paid Down Credit Facility to $67.5 Million as of December 31, 2021, Representing Debt Reduction of $122.5 Million During 2021 SASB Report Published CALGARY, Alberta, Jan. 18, 2022 -- Gran Tierra Energy Inc. is pleased to announce a corporate update. All dollar amounts [...]
Gran Tierra Energy Inc. is pleased to announce the successful completion of the semi-annual redetermination of the Company's bank-syndicated credit facility, which has a maturity date of November 2022. All dollar amounts are in United States dollars, unless otherwise indicated. Highlights Due to Gran Tierra's strong cash flow1, sufficient liquidity and flexible capital program, the Company has elected to downsize its [...]