Gran Tierra Energy

Gran Tierra Energy, Inc. engages in the exploration and production of oil and natural gas in Colombia and Ecuador. It holds interests in the assets located in the Middle Magdalena Valley and Putumayo Basins. The company was founded on June 6, 2003 and is headquartered in Calgary, Canada.

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Gran Tierra Energy posts strong Q2 earnings amid strategic moves

Gran Tierra Energy delivered robust financial results in Q2 2024, driven by increased oil sales and improved operating metrics.
The company's strategic financial maneuvers and shareholder-friendly initiatives underscore its commitment to long-term value creation.
While facing industry challenges and uncertainties, Gran Tierra Energy remains poised to leverage its strengths and pursue growth opportunities.

Gran Tierra Energy reports solid Q3 results amidst diversification

Gran Tierra Energy's Q3 2024 performance reflects solid financial metrics, despite challenges in oil sales and operating netback.
The company's strategic strengths lie in its diversified portfolio, operational successes, and focus on growth opportunities in Canada and South America.
While facing challenges in pricing and operational efficiency, GTE has opportunities to capitalize on acquisitions, global expansion, and operational enhancements.
Overall, GTE's performance highlights a mix of financial stability, operational progress, and strategic direction for future growth.

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Gran Tierra Energy, Inc engages in the exploration and production of oil and natural gas in Colombia and Ecuador. It holds interests in the assets located in the Middle Magdalena Valley and Putumayo Basins. The company was founded on June 6, 2003 and is headquartered in Calgary, Canada.

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CALGARY, Alberta, May 28, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced an operational 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 of oil per day (“BOPD”) amounts are based on WI sales before royalties.

Gran Tierra Energy Inc. Announces Test Results of Arawana-J1 Discovery and Provides Ecuador Exploration Update

Gran Tierra Energy is reducing its debt to improve its balance sheet and gain market acceptance. The company needs higher commodity prices or more profitable wells to generate significant free cash flow. The company faces challenges with periodic social issues in Colombia that could impact its debt reduction efforts.

Gran Tierra Energy: Making Up For Lost Time

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CALGARY, Alberta, May 03, 2024 (GLOBE NEWSWIRE) --  Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced the voting results from the Company's annual meeting of stockholders held on May 2, 2024.

Gran Tierra Energy Announces Final Voting Results of its Annual Meeting of Stockholders

Gran Tierra Energy Inc. (NYSE:GTE ) Q1 2024 Earnings Conference Call May 2, 2024 11:00 AM ET Company Participants Gary Guidry - President and Chief Executive Officer Ryan Ellson - Executive Vice President and Chief Financial Officer Sebastien Morin - Chief Operating Officer Conference Call Participants Anne Milne - Bank of America Phil Skolnick - Eight Capital Sadena Covault - Balanz Capital Roman Rossi - Canaccord Genuity Alejandra Andrade - JPMorgan Darsha Lima - Bloomberg Intelligence Operator Good morning, ladies and gentlemen. Welcome to Gran Tierra Energy's Conference Call for First Quarter 2024.

Gran Tierra Energy Inc. (GTE) Q1 2024 Earnings Call Transcript

CALGARY, Alberta, May 01, 2024 (GLOBE NEWSWIRE) -- 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 March 31, 2024 (“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 May 1, 2024.

Gran Tierra Energy Inc. Announces First Quarter 2024 Results

CALGARY, Alberta, April 24, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) announces that the Company will release its 2024 first quarter financial and operating results on Wednesday, May 1, 2024, post-market. Gran Tierra will host its first quarter 2024 results conference call on Thursday, May 2, 2024, 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 Tierra Energy Inc. Provides Release Date for its 2024 First Quarter Results and Details of Annual Meeting of Stockholders

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Gran Tierra Energy is a cheap oil stock, trading at 2x FWD earnings and half of book value. The company is focused on oil and gas exploration and production in Colombia. Despite high royalties and political risks in Colombia, Gran Tierra remains profitable and has promising production growth potential.

Gran Tierra Energy: Cheap Oil, Ramping Production

CALGARY, Alberta, March 11, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced an operational 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 of oil per day (“BOPD”) amounts are based on WI sales before royalties.

Gran Tierra Energy Inc. Provides Operations Update

CALGARY, Alberta, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra”) (NYSE American: GTE)(TSX: GTE)(LSE: GTE), today announces that it has obtained an exemption order from the Canadian securities regulators which permits Gran Tierra to purchase up to 10% of its “public float” (within the meaning of the rules of the Toronto Stock Exchange (the “TSX”)) of shares of common stock (the “Shares”) through the NYSE American (the “NYSE”) and other trading systems based in the United States (together with the NYSE, the “U.S. Markets”) as part of Gran Tierra's normal course issuer bids announced on October 31, 2023. Absent this exemptive relief, Gran Tierra's purchases under a normal course issuer bid on markets other than the TSX would be limited to not more than 5% of its outstanding Shares over any 12-month period. A substantial majority of the trading volume of Gran Tierra's Shares occurs through the U.S. Markets.

Gran Tierra Energy Inc. Announces Granting of Exemptive Relief Regarding its Normal Course Issuer Bid

Gran Tierra Energy Inc. (GTE) Q4 2023 Earnings Call Transcript

CALGARY, Alberta, Feb. 20, 2024 (GLOBE NEWSWIRE) -- 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 fourth quarter (“the Quarter”) and year ended December 31, 2023.2 All dollar amounts are in United States (“U.S.”) dollars and all reserves and production volumes are on an average working interest before royalties (“WI”) basis unless otherwise indicated. Production is expressed in barrels (“bbl”) of oil per day (“bopd”), while reserves are expressed in bbl, bbl of oil equivalent (“boe”) or million boe (“MMBOE”), unless otherwise indicated. Gran Tierra's 2023 year-end reserves were evaluated by the Company's independent qualified reserves evaluator McDaniel & Associates Consultants Ltd. (“McDaniel”) in a report with an effective date of December 31, 2023 (the “GTE McDaniel Reserves Report”). All reserves values, future net revenue and ancillary information contained in this press release have been prepared by McDaniel and calculated in compliance with Canadian National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities (“NI 51-101”) and the Canadian Oil and Gas Evaluation Handbook (“COGEH”) and derived from the GTE McDaniel Reserves Report, unless otherwise expressly stated. The following reserves categories are discussed in this press release: Proved Developed Producing (“PDP”), Proved (“1P”), 1P plus Probable (“2P”) and 2P plus Possible (“3P”).

Gran Tierra Energy Inc. Announces 2023 Fourth Quarter & Year-End Results, Including Successfully Meeting 2023 Guidance for Annual Production, Funds Flow From Operations¹ and Free Cash Flow¹

CALGARY, Alberta, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) announces that the Company will release its fourth quarter and year ended December 31, 2023, financial and operating results on Tuesday, February 20, 2024, before market open. Gran Tierra will host its 2023 fourth quarter and year-end results conference call on Tuesday, February 20, 2024, at 9:00 a.m. Mountain Time, 11:00 a.m. Eastern Time.

Gran Tierra Energy Inc. Provides Release Date for its 2023 Fourth Quarter & Year-End Results and Details of Conference Call and Webcast

CALGARY, Alberta, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced that it has completed its previously announced offering of an additional $100 million aggregate principal amount of its previously issued 9.500% Senior Secured Amortizing Notes due 2029 (the “Notes”) in a private placement to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act, and pursuant to certain prospectus exemptions in Canada.

Gran Tierra Energy Inc. Announces Closing of an Additional $100 Million Aggregate Principal Amount of its 9.500% Senior Secured Amortizing Notes due 2029

CALGARY, Alberta, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced that it has priced its offering of an additional $100 million aggregate principal amount of its previously issued 9.500% Senior Secured Amortizing Notes due 2029 (the “Notes”) in a private placement to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act, and pursuant to certain prospectus exemptions in Canada.

Gran Tierra Energy Inc. Announces Pricing of an Additional $100 Million Aggregate Principal Amount of its 9.500% Senior Secured Amortizing Notes due 2029

CALGARY, Alberta, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE: GTE) today announced its 2024 capital budget and production guidance. 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 (“bbl”) of oil per day (“BOPD”), unless otherwise stated.

Gran Tierra Energy Inc. Announces 2024 Guidance and Operations Update

CALGARY, Alberta, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE), a company focused on international oil exploration and production with assets currently in Colombia and Ecuador, today announced the Company's 2023 year-end reserves as evaluated by the Company's independent qualified reserves evaluator McDaniel & Associates Consultants Ltd. (“McDaniel”) in a report with an effective date of December 31, 2023 (the “GTE McDaniel Reserves Report”).

Gran Tierra Energy Inc. Announces Strong Reserves Replacement and Meaningful Reserves Growth in 2023

Gran Tierra Energy has experienced consecutive years of reserve growth and double-digit production, making it an attractive investment. The company's 1P NAV10 is close to $22.45 per share, indicating that it is undervalued compared to its current trading price. Further investments in low-cost labor jurisdictions and ESG initiatives may increase demand for the stock. However, there are risks associated with debt and country-specific factors.

Gran Tierra Energy: ESG Initiatives And Double-Digit Production May Imply Undervaluation

Gran Tierra Energy is an independent energy firm focused on South America, with quality assets trading at a low valuation. The business offers good visibility and can sustain its exploration programs and support future growth. GTE trades at a significant discount to NAV, and at nearly 1x EV/EBITDA 2025e.

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