Gran Tierra is a publicly listed, independent international exploration and production company with onshore oil production focused in Colombia.
The Company has also made a new-country entry into Ecuador through the formal signing of participation contracts for three blocks1.
"In 2018, our returns-focused strategy with an emphasis on profitable production growth generated strong financial results. Gran Tierra's high-quality, operated, diversified suite of assets in Colombia delivered material year-on-year improvements in several important metrics, including a 15% increase in production, a 424% increase in net income, a 45% increase in oil and gas sales per BOE, a 36% improvement in operating netback per BOE and an increase of 41% in funds flow from operations per share.”
- Gary Guidry, President and Chief Executive Officer
- 90% operated, 100% oil
- Low decline rates
- Low operating costs
- Top quartile netbacks
Profitable Production Growth
- Short cycle times
- Focused on full-cycle returns
- Large inventory of undeveloped well locations
- Material, world-class prospective resource base
- Sizable prospect inventory
- Proved underexplored basins, with stacked horizons
Sustainable Business Model
- Strong balance sheet
- Exploration & development programs funded through cash flow
|W.I. Production (Q2 2019)||35,340 BOEPD2|
|2018 W.I Reserves Metrics3|
|NPV10 BT (US $bn)||$1.4||$2.8||$4.0|
|NPV10 AT (US $bn)||$1.2||$2.2||$3.0|
|Mean Prospective Resources5||Risked||Unrisked|
1 See press release for additional information.
2 Colombia WI production.
3 Based on Dec. 31 2018 McDaniel Reserve Report. Includes Suroriente W.I. of 52% after Vetra’s W.I. acquisition in March 2019 and VMM-2 W.I. of 100% after the acquisition of an additional 20% in April 2019. See Corporate Presentation appendix for McDaniel Brent oil price forecast.
4 Calculated using average fourth quarter 2018 WI production of 38,156 BOEPD.
5 Based on July 31 2018 McDaniel Prospective Resource Report, excludes recent acquisitions and Ecuador.