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 97% of its production with oil reserves and production 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 13% respectively, of total company production. It also has production base in Canada's hydrocarbon region, the Western Canadian Sedimentary Basin and appraisal assets in the North Sea.

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Gran Tierra Energy Ord Shs > Gran Tierra Energy Inc. Announces First Quarter 2024 Results

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Post by Betteryear2on May 01, 2024 5:34pm

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Post# 36018302

Gran Tierra Energy Inc. Announces First Quarter 2024 Results

First Quarter 2024 Total Average WI Production of 32,242 BOPD, a 3% increase from Prior Quarter
Positive Preliminary Results in the Arawana Exploration Well
Total Current(1) Average Production of Approximately 33,400 BOPD
Funds Flow from Operations of $74 Million, Free Cash Flow of $19 Million and Adjusted EBITDA of $95 Million(2)

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 (globenewswire.com)