2022 Capital Expenditure Budget of $220-240 Million, Expected 2022 Cash Flow1 of $270-290 Million Forecast 2022 Production of 30,500-32,500 BOPD, an Increase of 19% from 2021 and 39% from 2020 Forecast 2022 Free Cash Flow2 of $40-60 Million After Fully Funded 2022 Exploration Program 2021 Year-End Credit Facility Balance Expected to be Under $70 Million Full Repayment of Credit Facility Expected in 2022 Fitch Ratings [...]
Gran Tierra Energy Inc. today announced that Gran Tierra Resources Limited , a wholly owned subsidiary of Gran Tierra, has procured private purchasers for the sale by GTRL of an aggregate of 137,093,750 common shares of PetroTal Corp. at a price of US$0.2198 per Purchased Share, for an aggregate purchase price of approximately US$30.1 million. The price of US$0.2198 per Purchased Share represents an approximate discount [...]
Gran Tierra Energy Inc. today announced an operations update. All dollar amounts are in United States dollars and all production volumes are on a working interest before royalties basis and are expressed in barrels of oil per day , unless otherwise stated. Key Highlights: End of Colombian Blockades Affecting Gran Tierra: As previously announced by Gran Tierra on November 1, 2021, a localized farmers' blockade directed at [...]
Achieved Average Total Production of 28,957 BOPD, Up 53% Year-Over-Year and Up 26% from Prior Quarter Generated Net Income of $35 Million Increased Funds Flow from Operations to $69 Million, Up 197% from Prior Quarter Generated Free Cash Flowof $34 Million, Highest Since Fourth Quarter 2012 Credit Facility Balance Paid Down to $150 Million at September 30, 2021; Current Balance of $130 Million CALGARY, Alberta, Nov. 01 [...]
Gran Tierra Energy Inc. , announces that the Company will release its 2021 third quarter financial and operating results on Monday, November 1, 2021, after market close. A conference call to discuss the 2021 third quarter results will be held at 11:00 a.m. Eastern Time the following day, Tuesday November 2, 2021. Details of the conference call are as follows: Date: Tuesday November 2, 2021 Time: 11:00 a.m. Eastern Time [...]
Achieved Third Quarter 2021 Average Production of Approximately 29,000 BOPD, Up 26% from Prior Quarter Increased Current Average Production1 to Approximately 30,600 BOPD, Highest Since February 2020 Paid Down Credit Facility Balance To $140 Million CALGARY, Alberta, Oct. 13, 2021 -- Gran Tierra Energy Inc. today announced an operations and financial update. All dollar amounts are in United States dollars and all [...]
Gran Tierra Energy Inc. , is pleased to announce the appointment of Alison Redford to the Board of Directors of Gran Tierra as an independent director, effective September 1, 2021. Ms. Redford serves as an advisor to national governments and ministries in emerging economies on regulatory reform to promote transparency and investor confidence. She provides independent advice on the creation of regulatory regimes related to [...]
Achieved Second Quarter 2021 Average Total Production of 23,035 BOPD, Up 14% Year-Over-Year Reaffirms 2021 Full-Year Production Guidance of 27,500-28,500 BOPD and Capital Program of $130-150 Million Reaffirms 2021 Full-Year Budget Guidance: Cash Flow2 of $215-235 Million, Free Cash Flow2 of $75-95 Million, EBITDA1 of $265-285 Million Forecasts Second Half 2021 Free Cash Flow2 of $100-120 Million Credit Facility Balance [...]
Registration is Open for The Oil & Gas Conference®, August 15-18, 2021 in Denver, Colorado Institutional investors, portfolio managers, financial analysts, CIOs and other investment community professionals who invest in the energy space should register now for The Oil & Gas Conference® which will take place Aug. 15-18, 2021, at the Denver Downtown Westin hotel. The event is EnerCom's 26th annual Denver investment [...]
Gran Tierra Energy Inc. , announces that the Company will release its 2021 second quarter financial and operating results on Tuesday, August 3, 2021, after market close. A conference call to discuss the 2021 second quarter results will be held at 11:00 a.m. Eastern Time the following day, Wednesday August 4, 2021. Details of the conference call are as follows: Date: Wednesday August 4, 2021 Time: 11:00 a.m. Eastern Time [...]
Blockades Lifted, Production Ramping Back Up: Current Average Total Production1 of 29,000 BOPD No Impact To Reserves, Production Volumes Merely Deferred To Higher Brent Oil Price Environment Updated 2021 Guidance: Higher Brent Oil Price Underpins Stronger 2021 EBITDA2 and Cash Flow2 Credit Facility Balance Paid Down To $175 Million CALGARY, Alberta, July 12, 2021 -- Gran Tierra Energy Inc. today announced an operations [...]
Gran Tierra Energy Inc. today announced the results of the Company's semi-annual credit facility redetermination and the voting results from its annual meeting of stockholders held on June 2, 2021. Results of Semi-Annual Credit Facility Redetermination: The semi-annual redetermination of Gran Tierra's bank-syndicated revolving credit facility has been completed, and the syndicate of lenders party to the facility has [...]