Gran Tierra Energy Ord Shs T.GTE

2024-07-31 18:00 ET - News Release

[Levent14]

• High Impact Exploration Program Continues to Deliver Exciting Catalysts for Growth with the Completion of the Charapa 3D Seismic Program Along with Drilling of the Bocachico Norte-J1 and Charapa B6 Wells
• Arawana-J1 and Bocachico-J1 Wells Continue to Yield Strong Production Results and Continued Positive Exploration Results with Bocachico Norte-J1
• Second Quarter 2024 Total Average WI Production of 32,776 BOPD, a 4% Increase in Production per Share from Second Quarter 2023
• Since January 1, 2023, Gran Tierra has Re-purchased Approximately 3.9 million or 11% of Its Outstanding Shares
• Achieved Second Quarter 2024 Net Income of $36 Million
• Operating Netback of $113Million and Adjusted EBITDA of $103 Million⁽¹⁾⁽³⁾
• Exited the Quarter with $115 Million in Cash

[monte8]

Livent 14, some comments to your News Release points:   High Impact Exploration Program Continues to Deliver Exciting Catalysts for Growth with the Completion of the Charapa 3D Seismic Program Along with Drilling of the Bocachico Norte-J1 and Charapa B6 Wells  None of this "good news" reflected in the share price. Arawana-J1 and Bocachico-J1 Wells Continue to