Gran Tierra Energy is a publicly-listed international exploration and production company focused on Colombia and Ecuador. Gran Tierra’s corporate strategy is to focus on proven, under-explored conventional hydrocarbon basins which have access to established infrastructure and competitive fiscal regimes.

Gran Tierra’s management team has a proven track record of successfully managing large, international projects across Latin America, Africa, the Middle East and Asia. Gran Tierra has assembled a diversified, high quality asset base which is over 99% operated. The company currently operates a total of 25 blocks in Colombia and Ecuador, spanning three basins and over 1.4 million gross acres. Gran Tierra has successfully operated within the Putumayo Basin in Colombia, a zone which has had experienced the longest civil war in modern history, lasting over 50 years. The Company’s mandate is to grow cash flow from existing assets and reserves through enhanced oil recovery techniques and allocate a percentage of free cash flow to its’ extensive exploration resource base. Gran Tierra’s four core assets are all under waterflood at different stages of maturity and are forecasted to generate significant free cash flow over the next decade.

Corporate Presentation

Corporate Presentation

May 2024

Access to Established Infrastructure

Large spare capacity in pipelines & trucking, leads to strong oil prices linked to brent, short cycle times & quick access to world markets.

Gran Tierra Uniquely Positioned for Value Creation

Sustainable business model with significant value in booked reserves base

1P reserves underpin value; clear path to 2P and 3P exploitation; world class hydrocarbon basins

Gran Tierra offers many exciting catalysts for 2024, while building off a successful year in 2023

Disciplined financial strategy; prudent discretionary capital programs

Focused on debt reduction, long-term value creation

World class development and low risk exploration in four proven onshore basins

Extensive seismic and well data across expansive acreage position

Going Beyond Compliance

Meaningful and sustainable impact within the communities where we operate, with a continued focus on reducing emissions

Click symbol to view GTE’s current blocks

Middle Magdalena Valley Acreage

Llanos Acreage

Putumayo & Ecuador Acreage

W.I. Production (Q1 2024)32,242 BOPD1
RLI (years)2,3481318
NPV10 BT* (US $bn)
NPV10 AT* (US $bn)
NAV10 BT*/Share (US$)18.7844.4879.13116.56
NAV10 AT/Share (US$)10.4624.0642.7163.29

Gran Tierra Energy utilizes waterflood technology as a secondary recovery method. All of Gran Tierra’s assets currently under waterflood greatly exceed success factors as per Willhite’s waterflood screening criteria.4 Gran Tierra’s assets rank as world-class candidates for waterflooding.
Factors Favourable for Waterflooding4AcordioneroCostayacoMoquetaCohembi
Initial Oil Saturation> 40%78%86%78%90%
Oil-Zone Thickness> 15 ft330 ft114 ft160 ft125 ft
Permeability (Average)> 10 mD750 mD225 mD275 mD2,500 mD
Depth in Feet> 1,000 ft8,000 ft8,400 ft3,150 ft9,100 ft
Viscosity< 15,000 cP230 cP1.5 cP3.6 cP28 cP
View Footnotes

1 Total Company WI Q1 2024 average production of 32,242.

2 GTE McDaniel December 31, 2023 Reserves Report. See appendix for McDaniel Brent oil price forecast.

3 Calculated using average Q4 2023 WI production of 31,309 BOEPD.

4 Willhite. Paul G. Waterflooding. SPE Textbook Series Volume 3. Society of Petroleum Engineers. Richardson, Texas. 1986, p. 112.

5 Based on GTE McDaniel December 31, 2023 Reserves Report.

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