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 35,075 BOEPD in Q1 2018 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 Basins.

  • Middle Magdalena: Acordionero field and other minor properties, current3 production of 18,099 BOEPD (W.I.) at Acordionero
  • Putumayo: Q1 2018 production of 16,216 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 (Q1 / '18) 35,075 BOEPD
Q1/18 Funds Flow4 US$75MM
Q1/18 Funds Flow (Annualized) US$300MM

 

2017 W.I Reserves Metrics1
1P, RLI, NPV10 BT 74.1 MMBOE, 5.8 years, US$1.4bn
2P, RLI, NPV10 BT 137.0 MMBOE, 10.7 years, US$2.5bn
3P, RLI NPV10 BT 202.5 MMBOE, 15.8 years, US$3.6bn

 

1 Based on McDaniel 2017 Reserve Report

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

3 March 2018 Average

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