News & Videos - GRAN TIERRA ENERGY INC.

CALGARY, Alberta, May 05, 2023 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc . ( “ Gran Tierra ” or the “ Company ” ) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) announced today that it has completed the previously announced 1-for-10 reverse stock split (the “reverse stock split” ) of the Company’s common stock, par value $0.01 per share. The reverse stock split was previously approved by the Company’s board of directors in February 2023 and by the Company’s stockholders at the annual...

CALGARY, Alberta, May 03, 2023 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc . ( “ Gran Tierra ” or the “ Company ” ) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) announced today that at its annual meeting of stockholders held on May 3, 2023, the Company’s stockholders have approved a 1-for-10 reverse stock split (the “reverse stock split” ) of the Company’s common stock, par value $0.01 per share. The reverse stock split was previously approved by the Company’s board of directors in...

CALGARY, Alberta, May 03, 2023 (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 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...

CALGARY, Alberta, May 03, 2023 (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 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...

First Quarter 2023 Total Average Production of 31,611 BOPD, Up 8% from One Year Ago Second Quarter-To-Date 2023 (1) Total Average Production of Approximately 32,400 BOPD Net Loss of $10 Million , Net Income of $115 Million Over Last 12 Month s Adjusted EBITDA (2) of $89 Million, $459 Million Over Last 12 Months Funds Flow from Operations (2) of $60 Million, $339 Million Over Last 12 Months Cash Balance of $106 Million and Net Debt (2) of $466 Million, as of March 31, 2023 Colombia Development...

CALGARY, Alberta, April 25, 2023 (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 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...

CALGARY, Alberta, April 11, 2023 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc . ( “ Gran Tierra ” or the “ Company ” ) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) is pleased to announce that the Company has entered into an agreement with Ecopetrol S.A. (“Ecopetrol” ), the national oil company of Colombia, by which the parties renegotiated the terms and the duration of the contract for the Suroriente Block ( “Suroriente” ) in the Department of Putumayo, which was scheduled to end in...

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 2023 CALGARY, Alberta, April 04, 2023 (GLOBE NEWSWIRE) -- Gran Tierra Energy...

Achieved 2022 Net Income of $139 Million ( $0.38 per Share, Basic), Highest on Record 2022 Funds Flow from Operations 2 Increased 96% Year-Over-Year to $366 Million, Highest on Record 2022 Adjusted EBITDA 2 Increased 103% Year-Over-Year to $490 Million Generated 2022 Free Cash Flow 2 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 Production 1 of Approximately 32,300 BOPD Achieved 126%...

CALGARY, Alberta, Feb. 14, 2023 (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 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...

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 (1P), 11 (2P) and 15 (3P) Years Net Present Value Before Tax Discounted at 10 Percent Increased to $2.1...

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 Development Well Yielding Encouraging Results Bought Back 23 Million Gran...

2023 Capital Expenditure Budget of $210-250 Million, Expected 2023 Cash Flow 1 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 Flow 2 of $135 Million Before Exploration, $65 Million After Exploration in Base Case CALGARY, Alberta, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc . (“Gran Tierra” or the...

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 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc . ( “ Gran Tierra ” or the “ Company ” ) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced an operational and financial update. All dollar amounts are in...

Third Quarter 2022 Average Production of 30,391 BOPD, Up 5% from One Year Ago Fourth Quarter-To-Date 2022 Average Production (1 ) of 32,291 BOPD Net Income of $39 Million, $168 Million Over The Last 12 Months Adjusted EBITDA (2) 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 (2) of $94 Million, Up 36% Year-on-Year, $350 Million Over Last 12 Months Free Cash Flow (2 )...

CALGARY, Alberta, Oct. 25, 2022 (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 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...

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 (1) 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 Had a Cash Balance of $118 Million and Net Debt (2) of...

CALGARY, Alberta, Aug. 29, 2022 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra”) (NYSE American: GTE)(TSX: GTE)(LSE: GTE) , today announces that the Toronto Stock Exchange (“ TSX ”) has approved its notice of intention to make a normal course issuer bid (the “ Bid ”) for its shares of common stock (the “ Shares ”). 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...

CALGARY, Alberta, Aug. 18, 2022 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“ Gran Tierra ” or the “ Company ”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) 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...

Average Total Production of 30,607 BOPD, Highest since Fourth Quarter 2019 Total Average Production Up 4% from First Quarter 2022 and 33% from Second Quarter 2021 Generated Net Income of $53 Million Increased Adjusted EBITDA (1) to $140 Million, Up 286% Year-on-Year Grew Net Cash Provided by Operating Activities to $143 Million, Up 285% Year-on-Year Increased Funds Flow from Operations (1) to $104 Million, Up 345% Year-on-Year, Highest since First Quarter 2013 Generated Free Cash Flow (1 ) of...