Company Snapshot

Gran Tierra is a publicly listed, independent international exploration and production company with onshore oil production focused in Colombia.

  • Gran Tierra had W.I. production of 34,477 BOEPD in Q4 2017 and has 2020 forecasted W.I. production of ~50,000 BOEPD based on 2P forecast1
  • Production is ~99% oil and >90% operated by Gran Tierra
  • Achieved 283% 2P reserves replacement in 2017

Core assets located in the Middle Magdalena and Putumayo basin.

  • Middle Magdalena: Acordionero field and other minor properties, current3 production of 17,197 BOEPD (W.I.) at Acordionero
  • Putumayo: Q4 2017 production of 17,705 BOEPD (W.I.); dominant land position in the highly prospective, underexplored basin; 1.1mm gross acres

New management team assumed leadership of the business in 2015 and transformed the portfolio through acquisitions and organic development.

  • Currently operating an internally funded development and exploration program focused on organic growth

Operating Statistics
W.I. Production (Q4 / '17) 34,477 BOEPD
2017 Adj. EBITDA2 US$248MM
2017 Capital Investment US$251MM

 

2017 W.I Reserves Metrics1
1P, RLI, NPV10 BT 74.1 MMBOE, 5.9 years, US$1.4bn
2P, RLI, NPV10 BT 137.0 MMBOE, 10.9 years, US$2.5bn
3P, RLI NPV10 BT 202.5 MMBOE, 16.1 years, US$3.6bn

 

1 Based on McDaniel Dec 31/2017 NI 51-101 Reserve Report

2 Non-GAAP measure. See slide 40 of Corporate Presentation for more information

3 January 2018 Average