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 36,170 BOEPD in Q3 2018 and has 2020 forecasted W.I. production of ~50,000 BOEPD based on 2P forecast1
  • Production is 100% oil and >90% operated by Gran Tierra
  • Achieved 283% 2P reserves replacement in 2017

Core assets located in the Middle Magdalena and Putumayo Basins.

  • Middle Magdalena: Acordionero field and other minor properties; Q3 production of 18,885 BOEPD (W.I.) at Acordionero; exciting appraisal drilling program at Ayombero in Q4 2018
  • Putumayo: Dominant land position in this 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 (Q3 / '18) 36,170 BOEPD
Q3/18 Funds Flow3 US$85MM
Q3/18 Funds Flow (Annualized) US$340MM

 

2017 W.I Reserves Metrics1
1P, RLI, NPV10 BT 74.1 MMBOE, 5.7 years, US$1.4bn
2P, RLI, NPV10 BT 137.0 MMBOE, 10.6 years, US$2.5bn
3P, RLI NPV10 BT 202.5 MMBOE, 15.7 years, US$3.6bn

 

1 Based on McDaniel 2017 Reserve Report

2 Q3/2018 Average

3 Funds Flow is a Non-GAAP measure; see Corporate Presentation Appendix for more information