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Gran Tierra Energy Ord Shs T.GTE

Alternate Symbol(s):  GTE

Energy Oil & Gas E&P
Gran Tierra Energy Inc. is an independent international energy company. The Company is focused on international oil and natural gas exploration and production with assets in Colombia and Ecuador. The Company has interests in approximately 22 blocks in Colombia, three blocks in Ecuador, and is the operator of 24 of these blocks. Its assets in Colombia represent approximately 99% of its production with oil reserves and production mainly located in the Middle Magdalena Valley (MMV) and Putumayo Basin. In MMV, the Company’s field is the Acordionero field, where it produces approximately 17-degree American Petroleum Institute (API) oil, which represents 52% of total company production. The Putumayo production is approximately 27-degree API for Chaza Block and 18-degree API for Suoriente Block, representing 25% and 14% respectively, of total company production.


TSX:GTE - Post by User

Gran Tierra Energy Ord Shs
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Post by morselon Feb 22, 2022 8:18pm
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Post# 34452256

2022 Guidance:

2022 Guidance:
  • Gran Tierra is reiterating the Company's forecasted ranges for the 2022 budget:

 

 

  • At an $80 per bbl Brent oil price, Gran Tierra is forecasting year end 2022 net debt2 to EBITDA2 of approximately 1 times, free cash flow2 of $170-190 million before exploration, and $100-120 million after exploration. The Company's 2022 year end net debt2 is also expected to be less than $500 million.
  • Hedging: Gran Tierra has entered into Brent oil price hedges on 9,000 BOPD of WI production during the first half of 2022, with a weighted average floor of $75.42/bbl and ceiling of $87.17/bbl, to provide downside price protection.
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