(Gran Tierra, 18.Aug.2022) — Gran Tierra Energy Inc. (NYSE:GTE) (TSX:GTE) (LSE:GTE) 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 $150mn. The facility replaces Gran Tierra’s previous credit facility that had a borrowing […]
Tag: Gran Tierra Energy
Colombia Briefs: Oil Production Impacts, Duque On Protests
(Energy Analytics Institute, 18.May.2021) — Energy briefs from the Latin America and Caribbean region including: Colombia’s President Iván Duque saying his government was pursuing national dialogue with the multiple groups involved in protests across the South American country, and ongoing protests in Colombia impacting on oil producers Gran Tierra and […]
Gran Tierra Impacted By Protests And Blockades In Colombia
(Gran Tierra, 17.May.2021) — Gran Tierra Energy Inc. (NYSE American: GTE) (TSX: GTE) (LSE: GTE) announced an update on the impact of the ongoing national protests in Colombia on the company’s operations. All production volumes are unaudited and on a working interest before royalties (“WI”) basis and are expressed in […]
ANH Says 16 Companies Qualified For 3rd PPAA
(Energy Analytics Institute, 23.Oct.2020) — Colombia’s National Hydrocarbon Agency or ANH published a definitive list of 16 companies qualified for the third cycle of its Permanent Area Assignment Process (PPAA). The ANH received 19 requests from companies interesting in qualifying, but settled on 16 that will be able to present […]
Gran Tierra Responds To Price Volatility, COVID-19
(Gran Tierra, 16.Apr.2020) — Gran Tierra Energy Inc. announced a business update regarding the Company’s proactive measures taken to protect its financial strength in response to the large decrease in world oil prices and the impacts of COVID-19. All dollar amounts are in United States dollars and production amounts are […]
Gran Tierra Revises 2020 Capital Program
(Gran Tierra, 12.Mar.2020) — Gran Tierra Energy Inc. announced revisions to its 2020 capital program in response to recent commodity price volatility. All dollar amounts are in United States (“U.S.”) dollars, unless otherwise indicated. Gary Guidry, President and Chief Executive Officer of Gran Tierra, commented: “We operate 29 of our […]
Colombia Inks $2.7bn In Investment Commitments
(ANH, 20.Dec.2019) — With 31 exploration and production (E&P) contracts subscribed and investment commitments of more than $2,714 million in 2019, the government of Colombia’s President Ivan Duque fulfills the country and continues the sector reactivation, according to Colombia’s National Hydrocarbons Agency (ANH). In a long contract subscription day, held […]
ANH Colombia Says 10 Oil Blocks Have Been Allocated
(ANH Colombia, 26.Jun.2019) — At the end of the Counteroffer Hearing of the first auction of the PPAA, held today, the National Hydrocarbons Agency (ANH) confirmed the allocation of 10 blocks, out of the 11 that were in dispute, and received a counteroffer from Frontera Energy Colombia Ltd. for the […]
Gran Tierra Shuts Production In Putumayo
(Gran Tierra, 19.Jun.2019) — Gran Tierra Energy Inc. announced an operations update regarding activities and results during second quarter 2019 to date. All dollar amounts are in United States (“U.S.”) dollars unless otherwise indicated. Production amounts are unaudited and on an average working interest before royalties (“WI”) basis unless otherwise […]
ANH Reveals Details Of Initial 11 PPAA Proposals
(ANH Colombia, 14.Jun.2019) — Colombia’s National Hydrocarbons Agency (ANH) reveals the initial proposals of the seven individual companies and the consortium that start the bid to stay with 11 area in the first cut of the Permanent Process of Area Allocation (PPAA) of 2019. After the process of validation of […]
Gran Tierra Reports 91% Rise in 2P Reserves
(Gran Tierra Energy Inc., 23.Jan.2017) – Gran Tierra Energy Inc. announced its 2016 year-end estimated reserves as evaluated by independent qualified reserve evaluator McDaniel & Associates Consultants Ltd. in a report with an effective date of December 31, 2016. Gran Tierra has also updated its corporate presentation, which is available […]
Gran Tierra Common Stock Offering
(Gran Tierra Energy Inc., 29.Nov.2016) – Gran Tierra Energy Inc. closed the previously announced underwritten public offering of shares of its common stock. The company sold 43,335,000 shares of its common stock at a public offering price of US$3 per share, for aggregate gross proceeds to the company of approximately […]
Gran Tierra Announces Chaza Arbitration Resolution
(Gran Tierra Energy Inc., 8.Jun.2016) – Gran Tierra Energy Inc. announced the receipt of a positive decision from the Chamber of Commerce of Bogotá Center for Arbitration and Conciliation tribunal relating to its dispute with the Agencia Nacional de Hidrocarburos (National Hydrocarbons Agency) of Colombia (ANH) with respect to whether […]
Gran Tierra to Increase in 2016 Exploration Budget
(Gran Tierra Energy Inc., 31.May.2016) – Gran Tierra is increasing its base 2016 capital budget by $33 million to $43 million to a revised total of $140 million to $150 million. The company’s previously announced base capital budget was $107 million. The increased capital investment will be entirely directed at […]
Gran Tierra Announces CAPEX, Colombia Focus
(Gran Tierra Energy Inc., 24.Jun.2015) – Gran Tierra Energy Inc. announced an increased 2015 capital program. The increased capital is intended to provide accelerated development drilling at the company’s core producing assets in the Putumayo Basin in Colombia, specifically the Moqueta and Costayaco fields on the Chaza Block. In addition, […]
Gran Tierra Announces Full 1Q:15 Results
(Gran Tierra Energy Inc., 6.May.2015) – Gran Tierra Energy Inc. announced its financial and operating results for the quarter ended 31.Mar.2015. All dollar amounts are in U.S.A. dollars unless otherwise indicated. Earlier this year, Gran Tierra announced significant changes to the company’s leadership, strategic direction and cost structure. Gran Tierra’s […]
Gran Tierra Provides Business, Ops Update
(Gran Tierra Energy Inc., 12.Mar.2015) – Gran Tierra Energy Inc. announced cost reductions in line with its strategy to preserve its strong balance sheet and maximize potential for future growth. All dollar amounts are in United States (U.S.) dollars unless otherwise indicated. In addition to recently announced reductions in 2015 […]
Gran Tierra Announces YE:14 Reserves
(Gran Tierra Energy Inc., 2 Feb.2015) – Gran Tierra Energy Inc. announced the results of an independent reserve evaluation of the company’s reserves by Gran Tierra Energy’s qualified reserve evaluator GLJ Petroleum Consultants Ltd. (GLJ) effective December 31, 2014. Through continued strong reservoir management and appraisal drilling in Colombia and […]
Gran Tierra Announces Changes to Board
(Gran Tierra Energy Inc., 2.Feb.2015) – Gran Tierra Energy announced that the employment of its Chief Executive Officer and President Mr. Dana Coffield has been terminated. Coffield tendered his resignation from the Board of Directors, effective February 2, 2015. Coffield’s resignation from the Board of Directors was not the result […]
Gran Tierra Completes Drilling in Peru
(Gran Tierra Energy Inc., 20.Jan.2015) – The Bretaña Sur appraisal well completed drilling operations on the L4 lobe on the Bretaña field and encountered approximately six feet of oil pay above the oil-water contact in the Vivian Sandstone Reservoir. This oil column is less than what was estimated by Gran […]
Gran Tierra Updates on Chaza Block Activities
(Gran Tierra Energy Inc., 20.Jan.2015 – Gran Tierra Energy Inc. provides an operations update on its activities in the Chaza Block in the Putumayo Basin in Colombia. The EslabĂłn Sur exploration well reached a true vertical depth of 9,708 feet. Mud log and electric log data acquired during and after […]
Gran Tierra to Drill Putumayo-1 Block Well
(Gran Tierra Energy Inc., 20.Jan.2015 – Gran Tierra Energy Inc. provided an operations update on its activities in Colombia. Work continues at the Vonu-1 exploration well location, which will target the same Cretaceous sandstones encountered at the Costayaco and Moqueta discoveries. Gran Tierra expects to begin drilling this well in […]