Peru

Gran Tierra Energy’s initial acquisition in Peru occurred in 2006. Since then, Gran Tierra Energy’s presence in the country has grown substantially. We now hold 100% working interest operatorship on five blocks in the Marañon and Ucayali basins. In early 2013 we announced a major oil discovery on Block 95 in the Marañon basin which resulted in nearly doubling the size of the company’s 2P and 3P reserves from a year earlier. First production from this discovery is expected before year-end 2014.