Gran Tierra Energy Inc. today announced an update on the impact of the ongoing national protests in Colombia on the Company's operations. All production volumes are unaudited and on a working interest before royalties basis and are expressed in barrels of oil per day , unless otherwise stated. Key Highlights: Colombian National Protests and Blockades: As has been widely reported in the media, there are a number of [...]
Gran Tierra Energy Inc. today announced that after convening the Company's 2021 Annual Meeting of Stockholders virtually on Wednesday, May 5, 2021 at 1:30 p.m. , Gran Tierra adjourned the Annual Meeting until Wednesday, June 2, 2021 at 1:30 p.m. . Due to the COVID-19 pandemic and to mitigate the risks to the health and safety of our community, stockholders and employees, Gran Tierra will be also be holding its rescheduled [...]
Achieved First Quarter 2021 Average Production of 24,463 BOPD, Up 12% from Prior Quarter Increased Current Average Production to 28,200 BOPD 2020 Sustainability Report Published Reaffirms 2021 Full-Year Production Guidance of 28,000-30,000 BOPD and Capital of $130-150 Million Increases 2021 Full-Year Budget Guidance: Cash Flow2 of $205-225 Million, Free Cash Flow2 of $75 Million, EBITDA1 of $255 - $275 Million CALGARY [...]
Gran Tierra Energy Inc. announces that the Company will release its 2021 first quarter financial and operating results on Tuesday May 4, 2021, post-market, and provides the following information regarding the Company's Annual Meeting of Stockholders. Gran Tierra's 2021 Annual Meeting of Stockholders will be held virtually on Wednesday, May 5, 2021 at 1:30 p.m. . In light of the COVID-19 pandemic and to mitigate the risks [...]
Achieved First Quarter 2021 Average Production of 24,463 BOPD, Up 12% from Prior Quarter Increased Current Average Production1 to 28,930 BOPD, Highest Since February 2020 Increased Acordionero Field Current Average Production1 to 16,400 BOPD, Highest Since September 2019 Reaffirms 2021 Full-Year Production Guidance of 28,000-30,000 BOPD CALGARY, Alberta, April 12, 2021 -- Gran Tierra Energy Inc. today announced an [...]
Realized 100% 1P and 133% PDP Reserves Replacement, with $2.65 and $5.06/BOE F&D Costs Achieved 2020 Production of 22,624 bopd Forecast 2021 Production of 28,000-30,000 bopd for Annual Growth of 24-33% Reduced Annual Operating and G&A Costs by $92 Million Achieved Company's Best Safety Year in 2020: Zero Lost Time Incident Frequency CALGARY, Alberta, Feb. 24, 2021 -- Gran Tierra Energy Inc. today announced the Company's [...]
Gran Tierra Energy Inc. , announces that the Company will release its 2020 fourth quarter and full year financial and operating results on Wednesday, February 24, 2020, after market close. A conference call to discuss the 2020 fourth quarter results will be held at 11:00 a.m. Eastern Time the following day, Thursday February 25, 2021. Details of the conference call are as follows: Date: Thursday February 25, 2021 Time [...]
Achieved 100% 1P Reserves Replacement Added 8.3 MMBOE of 1P Reserves Realized 1P Finding and Development Costs of $2.65/boe 1P and 2P Net Asset Value per Share Before Tax of $1.15 and $3.25 1P Reserves Equal 59% of 2P Reserves, Demonstrating Strength of Company's Proved Reserves Base Achieved Company's Best Safety Year in 2020: Zero Lost Time Incident Frequency CALGARY, Alberta, Jan. 26, 2021 -- [...]
Gran Tierra Energy Inc. today announced that Gran Tierra Resources Limited , a wholly owned subsidiary of Gran Tierra, has entered into arrangements with private purchasers providing for the sale by GTRL of an aggregate of 109,006,250 common shares of PetroTal Corp. at a price of US$0.13623 per Purchased Share, for an aggregate purchase price of approximately US$14.8 million. As of market close on January 20, 2021, the [...]
Gran Tierra Energy Inc. today announced that Gran Tierra Resources Ltd. , a wholly owned subsidiary of Gran Tierra, has terminated the purchase agreement with Remus Horizons PCC Limited regarding the proposed sale by GTRL of 218,012,500 common shares in the capital of PetroTal Corp . As of market close on January 15, 2021, the 246,100,000 shares of PetroTal owned by GTRL had a market value of approximately US$ 56 million [...]
Gran Tierra Energy Inc. today announced a financial update. Key Highlights: On December 11, 2020, Remus Horizons PCC Limited entered into a private agreement with Gran Tierra Resources Ltd. , a wholly owned subsidiary of Gran Tierra, providing for the purchase by the Acquiror of 218,012,500 common shares of PetroTal Corp. at a price of GBP0.099385 per Purchased Share, for an aggregate purchase price of approximately [...]
Credit Facility Borrowing Base Redetermined to $215 Million 2021 Capital of $130-150 Million, Production of 28,000-30,000 BOPD, Cash Flow1 of $150-170 Million Resumption of Development Drilling at Acordionero Oil Field CALGARY, Alberta, Dec. 07, 2020 -- Gran Tierra Energy Inc. today announced a financial update and the Company’s 2021 capital budget and production guidance. All dollar amounts are in United States dollars [...]