Gran Tierra Achieves Record Production of 48,235 boepd in December 2025
December 2025 Average Production: The Company's achieved a total Company average production of 48,235 boepd for the month of December, 2025 - the highest monthly production achieved in Company history. Ecuador: Production: During the fourth quarter of 2025, Gran Tierra achieved a daily production rate of 10,000 bopd in Ecuador. Current production rates are approximately 8,800 barrels of oil per day. Fulfilled Ecuador Exploration Commitments: All Ecuador exploration commitments have been finalized, highlighted by successful discoveries at Conejo in the Hollin and Basal Tena sands, which together delivered combined IP60 rates of approximately 3,238 bopd. Conejo A-1 and A-2 Wells: The two Conejo wells continue to produce1 roughly 2,700 barrels of oil per day. Both discoveries added drilling locations. IP60 production rates from A1 and A2 are 1,921 and 1,317 bopd respectively. Field Development Plans: In the first quarter of 2026, the Iguana FDP was approved. The Chanangue FDP received approval in the third quarter of 2025, while the Charapa and Conejo FDPs were formally submitted in fourth quarter of 2025 and remain under review. In addition, the Perico and Espejo FDPs associated with the previously announced acquisition, have been submitted and are currently undergoing the regulatory review process. Perico and Iguana Field: The Perico field has now been fully integrated into our portfolio with optimizations being developed to capture synergies as we move into 2026 - these include projects such as gas to power, waterflood initiation and operational optimizations. Waterflood: Gran Tierra continues to advance it waterflood development program in line with the approved field development plan. A successful injectivity test in the Basal Tena in the Chanangue field was completed, a key technical milestone supporting the water injection pilot. Construction of the associated water treatment and injection facilities is progressing, targeting an early 2026 injection start. In parallel, the Company plans a second injector conversion in the Basal Tena at Chanangue in the second quarter of 2026, alongside additional injector conversions in the Lower U at the Iguana and Perico fields in second quarter and third quarter 2026, respectively. Colombia: Cohembi: At Cohembi North, infrastructure activities continue to progress in support of the Company's forward drilling and development program, including cellar construction and associated electrical and mechanical tie-ins. Work is also underway on Cohembi Pad 6, with additional cellars being constructed to provide flexibility for upcoming development and exploration activity. During the fourth quarter of 2025, gross production at Cohembi increased to approximately 9,100 bopd, driven by the successful delivery of the Raju-1 well and a strong response from the ongoing waterflood program in the northern portion of the field. As a follow-up, the Company plans to drill four gross development wells in Cohembi during the First Half of 2026. The Company expects its capital carry commitments to be completed by mid-2026, after which working interest and cost sharing will revert to standard terms, improving Gran Tierra's cash netbacks and capital efficiency on future activity. Canada: Simonette: At Simonette, Gran Tierra continues to see strong operating performance, with recently drilled Lower Montney wells meeting or exceeding type curve expectations reinforcing confidence in the asset's development potential and supporting stable production and cash flow generation going forward. To date, three surface holes have been drilled from the 6-9 pad and are currently drilling the 16-14-061-01W6 well in the lateral section. The plan is to bring 5 gross wells onstream in Second Half of 2026. Clearwater: Gran Tierra is preparing to follow up Dawson 102/12-11 through advanced core analysis. Completion of the core study in 2026 will inform well design, mud system selection, and geological modeling to maximize development value.
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Gran Tierra Energy Set to Release Q4 Earnings on March 3rd
- Earnings Announcement: Gran Tierra is set to announce its Q4 earnings on March 3rd after market close, with a consensus EPS estimate of -$0.16, indicating potential profitability challenges that could impact investor confidence.
- Asset Sale Update: The company sold its remaining Simonette asset for C$62.5 million, aiming to optimize its asset portfolio and improve financial conditions, although this move may not fundamentally resolve its debt issues.
- Debt Restructuring Efforts: Gran Tierra is attempting a note exchange to push out its debt maturity, a strategy that may alleviate short-term liquidity pressures, but the long-term financial health remains a concern.
- Production Milestone: The company achieved record monthly production in December, which, despite ongoing financial challenges, could provide support for future revenue recovery.
Gran Tierra Energy Completes Bond Exchange Offer
- Exchange Offer Results: Gran Tierra Energy announced the completion of its exchange offer for 9.500% Senior Secured Amortizing Notes due 2029, accepting a total of $628.7 million in bonds, reflecting a participation rate of approximately 90.52%, which strengthens the company's capital structure.
- New Bond Issuance: The company plans to issue $503.6 million in new bonds at a 9.750% interest rate, providing a longer debt maturity profile that enhances liquidity and financial flexibility.
- Investor Response: Approximately 86.13% of existing notes were validly tendered before the early participation deadline, indicating strong investor confidence in the company's future, which may enhance its reputation in capital markets.
- Remaining Debt Situation: After the exchange, about $87.6 million of existing notes remain outstanding, representing approximately 12.23% of the initial total, leaving room for future capital maneuvers.
Gran Tierra Energy Announces Q4 2025 Earnings Release Date
- Earnings Release Schedule: Gran Tierra Energy will release its Q4 and full-year 2025 financial results on March 3, 2026, after market close, demonstrating the company's commitment to transparency and aiming to bolster investor confidence.
- Conference Call Timing: The company will host a conference call on March 4, 2026, at 9:00 a.m. Mountain Time, providing real-time financial insights that will help investors better understand the company's performance and future strategies.
- Registration Requirement: Participants must register through the provided link to receive a unique PIN and call-in details, reflecting the company's efforts to enhance participation convenience and security.
- Webcast and Replay Availability: The meeting will feature a live webcast, and an audio replay will be accessible two hours post-call, ensuring that investors who cannot attend in real-time can still access critical information, thereby improving information accessibility.
Gran Tierra Sells Simonette Asset for C$62.5M and Signs Azerbaijan Agreement
- Asset Sale Completion: Gran Tierra Energy (GTE) has sold its remaining stake in the Simonette asset for C$62.5 million, marking the company's complete exit from the project, which is expected to help alleviate debt pressure and improve its financial position.
- Buyer Information Disclosure: While Gran Tierra did not disclose the buyer's name, Calgary-based Logan Energy (LOECF) confirmed it entered into a definitive purchase agreement with a subsidiary of a publicly-traded oil and gas company, indicating ongoing market interest in Simonette assets.
- New Agreement Signed: Gran Tierra has signed an exploration, development, and production sharing agreement with SOCAR, Azerbaijan's state oil company, securing a 65% working interest and operatorship over approximately 400,000 acres, demonstrating the company's strategic positioning in the region.
- Future Plans: Gran Tierra plans to commence an airborne gravity study in 2026, with seismic acquisition and drilling activities scheduled to begin in 2027, which will further drive the company's business development in Azerbaijan.
Gran Tierra Signs Key Agreement in Azerbaijan
- Strategic Partnership: Gran Tierra has signed an exploration, development, and production sharing agreement (EDPSA) with the State Oil Company of Azerbaijan, marking the company's entry into Azerbaijan and expected to enhance its market position in the region.
- Significant Resource Potential: The contract area encompasses a 65-kilometer oil and gas structure that has produced over 100 million barrels of oil and 200 billion cubic feet of natural gas, highlighting Azerbaijan's potential as a world-class petroleum province, which Gran Tierra aims to leverage for capital-efficient growth.
- Flexible Operating Model: Gran Tierra has secured a 65% working interest and operatorship over approximately 0.4 million acres, more than double its current acreage in Ecuador, and plans to drive exploration and development activities through its nimble operating model.
- Long-Term Development Plan: The EDPSA outlines a 5-year exploration period and a 25-year development phase, with Gran Tierra set to commence an airborne gravity study in 2026 and initiate seismic acquisition and drilling activities in 2027, further solidifying its business presence in Azerbaijan.
Gran Tierra Energy Announces Early Participation in Bond Exchange Offer
- Exchange Participation Results: As of the Early Participation Deadline on February 11, 2026, Gran Tierra Energy received valid tenders of $636,740,000 in Existing Notes, representing approximately 88.89% of the total, indicating strong investor interest in the newly issued 9.750% notes, which is expected to enhance the company's capital structure.
- Approval of Amendments: The company secured consents from holders representing at least 66-2/3% of Existing Notes, successfully amending the existing indenture dated October 20, 2023, which eliminates most restrictive covenants and releases collateral, thereby providing greater flexibility for future financing.
- Cash and New Notes Distribution: Eligible holders participating in the exchange will receive approximately $196.31 in cash and $803.69 in New Notes for each $1,000 of Existing Notes validly tendered by February 18, 2026, which is expected to enhance investor satisfaction and bolster market confidence.
- Expiration of Exchange Offer: The exchange offer will expire on February 27, 2026, and if the minimum exchange condition is not met, the company reserves the right to reject certain tenders, which may impact holders' investment decisions.
Gran Tierra Energy Set to Release Q4 Earnings on March 3rd
- Earnings Announcement: Gran Tierra is set to announce its Q4 earnings on March 3rd after market close, with a consensus EPS estimate of -$0.16, indicating potential profitability challenges that could impact investor confidence.
- Asset Sale Update: The company sold its remaining Simonette asset for C$62.5 million, aiming to optimize its asset portfolio and improve financial conditions, although this move may not fundamentally resolve its debt issues.
- Debt Restructuring Efforts: Gran Tierra is attempting a note exchange to push out its debt maturity, a strategy that may alleviate short-term liquidity pressures, but the long-term financial health remains a concern.
- Production Milestone: The company achieved record monthly production in December, which, despite ongoing financial challenges, could provide support for future revenue recovery.
Gran Tierra Energy Completes Bond Exchange Offer
- Exchange Offer Results: Gran Tierra Energy announced the completion of its exchange offer for 9.500% Senior Secured Amortizing Notes due 2029, accepting a total of $628.7 million in bonds, reflecting a participation rate of approximately 90.52%, which strengthens the company's capital structure.
- New Bond Issuance: The company plans to issue $503.6 million in new bonds at a 9.750% interest rate, providing a longer debt maturity profile that enhances liquidity and financial flexibility.
- Investor Response: Approximately 86.13% of existing notes were validly tendered before the early participation deadline, indicating strong investor confidence in the company's future, which may enhance its reputation in capital markets.
- Remaining Debt Situation: After the exchange, about $87.6 million of existing notes remain outstanding, representing approximately 12.23% of the initial total, leaving room for future capital maneuvers.
Gran Tierra Energy Announces Q4 2025 Earnings Release Date
- Earnings Release Schedule: Gran Tierra Energy will release its Q4 and full-year 2025 financial results on March 3, 2026, after market close, demonstrating the company's commitment to transparency and aiming to bolster investor confidence.
- Conference Call Timing: The company will host a conference call on March 4, 2026, at 9:00 a.m. Mountain Time, providing real-time financial insights that will help investors better understand the company's performance and future strategies.
- Registration Requirement: Participants must register through the provided link to receive a unique PIN and call-in details, reflecting the company's efforts to enhance participation convenience and security.
- Webcast and Replay Availability: The meeting will feature a live webcast, and an audio replay will be accessible two hours post-call, ensuring that investors who cannot attend in real-time can still access critical information, thereby improving information accessibility.
Gran Tierra Sells Simonette Asset for C$62.5M and Signs Azerbaijan Agreement
- Asset Sale Completion: Gran Tierra Energy (GTE) has sold its remaining stake in the Simonette asset for C$62.5 million, marking the company's complete exit from the project, which is expected to help alleviate debt pressure and improve its financial position.
- Buyer Information Disclosure: While Gran Tierra did not disclose the buyer's name, Calgary-based Logan Energy (LOECF) confirmed it entered into a definitive purchase agreement with a subsidiary of a publicly-traded oil and gas company, indicating ongoing market interest in Simonette assets.
- New Agreement Signed: Gran Tierra has signed an exploration, development, and production sharing agreement with SOCAR, Azerbaijan's state oil company, securing a 65% working interest and operatorship over approximately 400,000 acres, demonstrating the company's strategic positioning in the region.
- Future Plans: Gran Tierra plans to commence an airborne gravity study in 2026, with seismic acquisition and drilling activities scheduled to begin in 2027, which will further drive the company's business development in Azerbaijan.
Gran Tierra Signs Key Agreement in Azerbaijan
- Strategic Partnership: Gran Tierra has signed an exploration, development, and production sharing agreement (EDPSA) with the State Oil Company of Azerbaijan, marking the company's entry into Azerbaijan and expected to enhance its market position in the region.
- Significant Resource Potential: The contract area encompasses a 65-kilometer oil and gas structure that has produced over 100 million barrels of oil and 200 billion cubic feet of natural gas, highlighting Azerbaijan's potential as a world-class petroleum province, which Gran Tierra aims to leverage for capital-efficient growth.
- Flexible Operating Model: Gran Tierra has secured a 65% working interest and operatorship over approximately 0.4 million acres, more than double its current acreage in Ecuador, and plans to drive exploration and development activities through its nimble operating model.
- Long-Term Development Plan: The EDPSA outlines a 5-year exploration period and a 25-year development phase, with Gran Tierra set to commence an airborne gravity study in 2026 and initiate seismic acquisition and drilling activities in 2027, further solidifying its business presence in Azerbaijan.
Gran Tierra Energy Announces Early Participation in Bond Exchange Offer
- Exchange Participation Results: As of the Early Participation Deadline on February 11, 2026, Gran Tierra Energy received valid tenders of $636,740,000 in Existing Notes, representing approximately 88.89% of the total, indicating strong investor interest in the newly issued 9.750% notes, which is expected to enhance the company's capital structure.
- Approval of Amendments: The company secured consents from holders representing at least 66-2/3% of Existing Notes, successfully amending the existing indenture dated October 20, 2023, which eliminates most restrictive covenants and releases collateral, thereby providing greater flexibility for future financing.
- Cash and New Notes Distribution: Eligible holders participating in the exchange will receive approximately $196.31 in cash and $803.69 in New Notes for each $1,000 of Existing Notes validly tendered by February 18, 2026, which is expected to enhance investor satisfaction and bolster market confidence.
- Expiration of Exchange Offer: The exchange offer will expire on February 27, 2026, and if the minimum exchange condition is not met, the company reserves the right to reject certain tenders, which may impact holders' investment decisions.
