Gran Tierra Energy

Gran Tierra Energy Inc. Provides Operations Update

Retrieved on: 
Monday, March 11, 2024
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2024 Year-to-Date Total Company Average Production1 of Approximately 33,100 BOPD, 6% Percent Increase from Fourth Quarter 2023

Key Points: 
  • 2024 Year-to-Date Total Company Average Production1 of Approximately 33,100 BOPD, 6% Percent Increase from Fourth Quarter 2023
    CALGARY, Alberta, March 11, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced an operational update.
  • Gary Guidry, President and Chief Executive Officer of Gran Tierra, commented: “We are thrilled by the outcome to the start of our development drilling program so far in 2024.
  • Since December 2023, Gran Tierra has drilled 5 wells of which 4 are oil producers and 1 is a water injector:
    The first well, CYC-56, has been on production with jet pump since early January 2024.
  • During 2023 Gran Tierra received an “A” rating from MSCI5 as a result of its Beyond Compliance philosophy and ESG performance.

Gran Tierra Energy Inc. Announces Granting of Exemptive Relief Regarding its Normal Course Issuer Bid

Retrieved on: 
Tuesday, February 20, 2024
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Markets”) as part of Gran Tierra’s normal course issuer bids announced on October 31, 2023.

Key Points: 
  • Markets”) as part of Gran Tierra’s normal course issuer bids announced on October 31, 2023.
  • Absent this exemptive relief, Gran Tierra’s purchases under a normal course issuer bid on markets other than the TSX would be limited to not more than 5% of its outstanding Shares over any 12-month period.
  • The exemptive relief is applicable to purchases of Shares completed within 36 months of the February 12, 2024 date of the exemption order, and includes purchases made under Gran Tierra’s current normal course issuer bid and any other normal course issuer bid in effect within such period and is conditional upon, among other things, purchases being made in compliance with applicable U.S. rules, the TSX rules applicable to a normal course issuer bid, National Instrument 23-101 - Trading Rules, and at a price not higher than the market price at the time of purchase.
  • The aggregate number of Shares purchased by Gran Tierra over any exchange or market over the relevant 12-month period of a particular normal course issuer bid may not exceed 10% of the public float as specified in Gran Tierra’s notice accepted by the TSX in respect of the relevant normal course issuer bid, including the current bid announced on October 31, 2023.

Gran Tierra Energy Inc. Provides Release Date for its 2023 Fourth Quarter & Year-End Results and Details of Conference Call and Webcast

Retrieved on: 
Tuesday, February 13, 2024
Interest, TSX, PIN, GTE, Gran Tierra Energy

CALGARY, Alberta, Feb. 12, 2024 (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 fourth quarter and year ended December 31, 2023, financial and operating results on Tuesday, February 20, 2024, before market open.

Key Points: 
  • CALGARY, Alberta, Feb. 12, 2024 (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 fourth quarter and year ended December 31, 2023, financial and operating results on Tuesday, February 20, 2024, before market open.
  • Gran Tierra will host its 2023 fourth quarter and year-end results conference call on Tuesday, February 20, 2024, at 9:00 a.m. Mountain Time, 11:00 a.m. Eastern Time.
  • Interested parties may register for the conference call by clicking on this link .
  • Please note that there is no longer a general dial-in number to participate, and each individual party must register through the provided link.

Gran Tierra Energy Inc. Announces Normal Course Issuer Bid and Automatic Share Purchase Plan

Retrieved on: 
Tuesday, October 31, 2023
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CALGARY, Alberta, Oct. 31, 2023 (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”).

Key Points: 
  • CALGARY, Alberta, Oct. 31, 2023 (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”).
  • Gran Tierra has also entered into an Automatic Share Purchase Plan (the “ASPP”) in connection with the Bid.
  • The brokerage firm conducting the Bid on behalf of Gran Tierra and administering the ASPP is Eight Capital.
  • The ASPP is intended to allow for the purchase of Shares under the Bid when Gran Tierra would ordinarily not be permitted to purchase Shares due to regulatory restrictions and customary self-imposed blackout periods.

Gran Tierra Energy Inc. Announces Third Quarter 2023 Results Including the Highest Production Since the Second Quarter of 2019, Net Income of $7 Million and $36 Million of Free Cash Flow

Retrieved on: 
Tuesday, October 31, 2023
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For per bbl amounts based on net after royalty (“NAR”) production, see Gran Tierra’s Quarterly Report on Form 10-Q filed October 31, 2023.

Key Points: 
  • For per bbl amounts based on net after royalty (“NAR”) production, see Gran Tierra’s Quarterly Report on Form 10-Q filed October 31, 2023.
  • Gran Tierra’s production in the Quarter was the Company’s highest quarterly average total production since second quarter 2019.
  • Net Income: Gran Tierra achieved net income of $7 million, compared to a net loss of $11 million in the Prior Quarter and net income of $39 million one year ago.
  • Free Cash Flow(2): During the Quarter, the Company generated free cash flow of approximately $36 million.

Gran Tierra Energy Inc. Announces Appointment of Chief Operating Officer

Retrieved on: 
Tuesday, October 31, 2023
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CALGARY, Alberta, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE American:GTE)(TSX:GTE)(LSE:GTE) is pleased to announce the appointment of Mr. Sebastien Morin as Chief Operating Officer (“COO”).

Key Points: 
  • CALGARY, Alberta, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE American:GTE)(TSX:GTE)(LSE:GTE) is pleased to announce the appointment of Mr. Sebastien Morin as Chief Operating Officer (“COO”).
  • Mr. Morin will be joining Gran Tierra as COO, located in Calgary and will report to Gary Guidry, President and Chief Executive Officer.
  • Gary Guidry, President and Chief Executive Officer of Gran Tierra, commented: "We are very pleased to welcome Sebastien back to Gran Tierra in the new position of COO.
  • Sebastien was integral in Gran Tierra becoming best in class in its drilling, operations, and execution of capital programs.

Gran Tierra Energy Inc. Provides Release Date for its 2023 Third Quarter Results and Details of Conference Call and Webcast

Retrieved on: 
Tuesday, October 24, 2023
Gran Tierra Energy, LSE, Interest, NYSE American, NYSE, GTE, PIN, TSX

CALGARY, Alberta, Oct. 24, 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 third quarter financial and operating results on Tuesday, October 31, 2023, after market close.

Key Points: 
  • CALGARY, Alberta, Oct. 24, 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 third quarter financial and operating results on Tuesday, October 31, 2023, after market close.
  • Gran Tierra will host its 2023 third quarter results conference call on Wednesday, November 1, 2023, at 9:00 a.m. Mountain Time, 11:00 a.m. Eastern Time.
  • Interested parties may register for the conference call by clicking on this link .
  • Please note that there is no longer a general dial-in number to participate and each individual party must register through the provided link.

Gran Tierra Energy Inc. Announces Issuance of New 9.500% Senior Secured Amortizing Notes Due 2029 as part of the Previously Announced Exchange Offers

Retrieved on: 
Monday, October 23, 2023
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CALGARY, Alberta, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced the issuance of US$487,590,000 aggregate principal amount of its 9.500% Senior Secured Amortizing Notes due 2029 (the “New Notes”) as part of its previously announced offers to exchange (such offers, the “Exchange Offers”) the 6.250% Senior Notes due 2025 (the “2025 Notes”), issued by Gran Tierra Energy International Holdings Ltd., and the 7.750% Senior Notes due 2027 (the “2027 Notes”), issued by the Company.

Key Points: 
  • CALGARY, Alberta, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced the issuance of US$487,590,000 aggregate principal amount of its 9.500% Senior Secured Amortizing Notes due 2029 (the “New Notes”) as part of its previously announced offers to exchange (such offers, the “Exchange Offers”) the 6.250% Senior Notes due 2025 (the “2025 Notes”), issued by Gran Tierra Energy International Holdings Ltd., and the 7.750% Senior Notes due 2027 (the “2027 Notes”), issued by the Company.
  • Gary Guidry, President and Chief Executive Officer of Gran Tierra, commented:
    “We are very pleased with the successful completion of the Exchange Offers which we believe is highly beneficial for both Gran Tierra and our stakeholders.
  • The New Notes also reduce Gran Tierra’s refinancing risk by flattening the debt principal repayments by amortizing the repayments over a longer period.
  • Strengthened Balance Sheet and Overall Debt Reduction: The $60 million of cash deployed as part of the Exchange Offers reduces Gran Tierra’s overall gross debt.

Gran Tierra Energy Inc. Announces Expiration and Final Results for the Previously Announced Exchange Offers of Certain Existing Notes for New Notes and the Solicitations of Consents to Proposed Amendments to the Existing Indentures

Retrieved on: 
Thursday, October 19, 2023
Gran Tierra Energy, Sale, Early participants in the Latter Day Saint movement, Consent, Initial exchange offering, Person, Exchange offer, Settlement date, Interest, Participation, Total, Exchange, Personal Information Agent, Convention to propose amendments to the United States Constitution, Security (finance), Bank, News & Notes, Note, Exit consent, Eligibility

King & Co., Inc., the Information Agent and Exchange Agent for the Exchange Offers and the solicitation of Consents (as defined below).

Key Points: 
  • King & Co., Inc., the Information Agent and Exchange Agent for the Exchange Offers and the solicitation of Consents (as defined below).
  • Interest will cease to accrue on the Settlement Date for all Existing Notes accepted for exchange in the applicable Exchange Offer.
  • The Company will not receive any cash proceeds from the issuance of the New Notes in the Exchange Offers and the solicitations of Consents.
  • Moreover, neither the Company nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements.

Gran Tierra Energy Inc. Announces Early Participation Deadline Results for the Previously Announced Exchange Offers of Certain Existing Notes for New Notes and the Solicitations of Consents to Proposed Amendments to the Existing Indentures

Retrieved on: 
Tuesday, October 3, 2023
Initial exchange offering, Interest, Settlement date, Personal Information Agent, Early participants in the Latter Day Saint movement, Exchange, Person, Participation, Sale, Convention to propose amendments to the United States Constitution, Letter, Exchange offer, Gran Tierra Energy, Consent, Security (finance), Cryptocurrency, Bank, Note, News & Notes, Exit consent, Eligibility

Accordingly, holders may no longer withdraw Existing Notes tendered in the Exchange Offers, except in certain limited circumstances as set forth in the Exchange Offer Memorandum.

Key Points: 
  • Accordingly, holders may no longer withdraw Existing Notes tendered in the Exchange Offers, except in certain limited circumstances as set forth in the Exchange Offer Memorandum.
  • Interest will cease to accrue on the Settlement Date for all Existing Notes accepted for exchange in the applicable Exchange Offer.
  • The Company will not receive any cash proceeds from the issuance of the New Notes in the Exchange Offers and the solicitations of Consents.
  • Existing Notes tendered in connection with the Exchange Offers, and accepted for exchange, will be cancelled.