We transformed our portfolio through four strategic, accretive acquisitions in Colombia in 2016, which established a dominant land position in the highly prospective, underexplored Putumayo Basin and a new core area in the prolific Middle Magdalena Valley Basin.

Our high quality asset base now has 74% of its 2P reserves contained in three large operated, conventional, onshore Colombian oil assets: Acordionero, Costayaco and Moqueta.

  • 4 Strategic acquisitions in Colombia in 2016
  • Working interest (W.I.) 1P, 2P, 3P reserves before royalties increased 51%, 91% and 146% respectively1
  • Sustainable business model, expected to be fully funded by forecasted cash from operating activities

High Quality Assets

  • 74% of 2P reserves are in three large, operated, conventional, onshore Colombian oil assets with high netback production1

Large Resource Base

  • Dominant Putumayo Position in emerging N-Sand & A-Limestone oil play fairways
  • Plans to drill 30-35 exploration wells over the next three years

Control of Operations

  • Operating 90% of production with significant control and flexibility on capital allocation and timing

Visible Production Growth

  • Fourth quarter 2016 W.I. production increased 34% over fourth quarter 2015 W.I. production

Net Asset Value

  • 1P – $2.53 /share2
  • 2P – $4.85 /share2
  • 3P – $7.84 /share2


1 Based on independent reserve reports prepared by McDaniel as of December 31, 2016 & December 31, 2015, in accordance with NI 51-101 & COGEH compliant gross W.I.

2 See footnote (1), based on number of shares of Gran Tierra’s common stock and exchangeable shares issued and outstanding at December 31, 2016 of 399.0 million. Net working capital deficit and long-term debt at December 31, 2016 prepared in accordance with generally accepted accounting principles in the United States of America.