Gran Tierra Energy Inc
TSX:GTE
Gran Tierra Energy Inc
Gran Tierra Energy, Inc. engages in the exploration and production of oil and natural gas in Colombia and Ecuador. The company is headquartered in Calgary, Alberta and currently employs 319 full-time employees. The company went IPO on 2005-07-06. The firm is focused on oil and natural gas exploration and production in Colombia and Ecuador. The firm is developing its portfolio of assets in Colombia and Ecuador. Its assets in Colombia represents 100% of the Company’s production with oil reserves and production mainly located in the Middle Magdalena Valley (MMV) and Putumayo Basin. In MMV, the Company’s largest field is the Acordionero Field, where it produces approximately 17 degree American Petroleum Institute (API) oil, which represented approximately 49% of total Company production. The Putumayo production is approximately 27° API for Chaza Block and 18° API for Suroriente Block, which represented approximately 44% of total Company production.
Gran Tierra Energy, Inc. engages in the exploration and production of oil and natural gas in Colombia and Ecuador. The company is headquartered in Calgary, Alberta and currently employs 319 full-time employees. The company went IPO on 2005-07-06. The firm is focused on oil and natural gas exploration and production in Colombia and Ecuador. The firm is developing its portfolio of assets in Colombia and Ecuador. Its assets in Colombia represents 100% of the Company’s production with oil reserves and production mainly located in the Middle Magdalena Valley (MMV) and Putumayo Basin. In MMV, the Company’s largest field is the Acordionero Field, where it produces approximately 17 degree American Petroleum Institute (API) oil, which represented approximately 49% of total Company production. The Putumayo production is approximately 27° API for Chaza Block and 18° API for Suroriente Block, which represented approximately 44% of total Company production.
Production Recovery: Q3 production averaged 42,685 BOE/day, up 30% YoY, despite temporary outages, with October output rebounding to 45,200 BOE/day and year-end guidance set at 47,000–50,000 BOE/day.
Strong Cash Flow: Operating cash flow hit $48 million, a 39% increase from Q2, reflecting solid financial performance even as production was impacted.
Balance Sheet Strengthened: Gran Tierra closed a new $150 million prepayment facility backed by Ecuadorian production and increased its Canadian credit facility to $75 million, enhancing financial flexibility.
Ecuador Delivers: Ecuador production reached records above 6,000 barrels/day in October, with new discoveries and all exploration commitments now met, paving the way for development and further growth.
Deleveraging Focus: Management emphasized a shift toward free cash flow generation and debt reduction for 2026, with a capital program pivoting from exploration to development and a detailed deleveraging plan to be outlined in December.
