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Also traded in: Canada, Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash-to-Debt 0.14
GTE's Cash-to-Debt is ranked lower than
71% of the 470 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.66 vs. GTE: 0.14 )
Ranked among companies with meaningful Cash-to-Debt only.
GTE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13  Med: No Debt Max: No Debt
Current: 0.14
Equity-to-Asset 0.70
GTE's Equity-to-Asset is ranked higher than
69% of the 428 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.53 vs. GTE: 0.70 )
Ranked among companies with meaningful Equity-to-Asset only.
GTE' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.58  Med: 0.74 Max: 1
Current: 0.7
0.58
1
Interest Coverage 3.56
GTE's Interest Coverage is ranked lower than
71% of the 239 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 24.79 vs. GTE: 3.56 )
Ranked among companies with meaningful Interest Coverage only.
GTE' s Interest Coverage Range Over the Past 10 Years
Min: 3.56  Med: No Debt Max: No Debt
Current: 3.56
Piotroski F-Score: 4
Altman Z-Score: -0.15
Beneish M-Score: -2.69
WACC vs ROIC
9.66%
1.91%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating Margin % 11.32
GTE's Operating Margin % is ranked higher than
76% of the 439 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -23.06 vs. GTE: 11.32 )
Ranked among companies with meaningful Operating Margin % only.
GTE' s Operating Margin % Range Over the Past 10 Years
Min: -22.19  Med: 30.27 Max: 45.75
Current: 11.32
-22.19
45.75
Net Margin % -124.23
GTE's Net Margin % is ranked lower than
73% of the 437 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -29.01 vs. GTE: -124.23 )
Ranked among companies with meaningful Net Margin % only.
GTE' s Net Margin % Range Over the Past 10 Years
Min: -160.95  Med: 7.61 Max: 21.24
Current: -124.23
-160.95
21.24
ROE % -43.86
GTE's ROE % is ranked lower than
80% of the 430 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -8.78 vs. GTE: -43.86 )
Ranked among companies with meaningful ROE % only.
GTE' s ROE % Range Over the Past 10 Years
Min: -49.3  Med: 2.94 Max: 12.4
Current: -43.86
-49.3
12.4
ROA % -30.76
GTE's ROA % is ranked lower than
79% of the 513 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -7.02 vs. GTE: -30.76 )
Ranked among companies with meaningful ROA % only.
GTE' s ROA % Range Over the Past 10 Years
Min: -36.57  Med: 2.1 Max: 8.88
Current: -30.76
-36.57
8.88
ROC (Joel Greenblatt) % -53.28
GTE's ROC (Joel Greenblatt) % is ranked lower than
76% of the 486 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -8.39 vs. GTE: -53.28 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
GTE' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -68.03  Med: 7.8 Max: 24.84
Current: -53.28
-68.03
24.84
3-Year Revenue Growth Rate -20.70
GTE's 3-Year Revenue Growth Rate is ranked higher than
51% of the 376 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -21.30 vs. GTE: -20.70 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
GTE' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -20.7  Med: 19.1 Max: 121
Current: -20.7
-20.7
121
GuruFocus has detected 2 Warning Signs with Gran Tierra Energy Inc $GTE.
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Financials (Next Earnings Date: 2017-08-04 Est.)


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Business Description

Industry: Oil & Gas - E&P » Oil & Gas E&P    NAICS: 211111    SIC: 1311
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Traded in other countries:GTE.Canada, G1P.Germany,
Headquarter Location:Canada
Gran Tierra Energy Inc is an independent energy company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties in Colombia, Brazil, and Peru producing light crude oil, with medium crude and natural gas.

Gran Tierra Energy is an independent energy company engaged in the acquisition, exploration, development, and production of oil and gas properties in Colombia, Brazil, and Peru. The company produces primarily light crude oil, supplemented with medium crude and natural gas. Production averaged 27,100 barrels of oil equivalent per day in 2016, and the company estimates that it holds approximately 126 million boe of proved and probable crude oil and natural gas reserves.

Top Ranked Articles about Gran Tierra Energy Inc

Weekly Top Insider Buys Highlight The largest buys were Occidental Petroleum, Tailored Brands, Gran Tierra Energy and Winnebago Industries
The largest insider buys of the week were for Occidental Petroleum Corp. (NYSE:OXY), Tailored Brands Inc. (NYSE:TLRD), Gran Tierra Energy Inc. (GTE) and Winnebago Industries Inc. (NYSE:WGO). Read more...
Gran Tierra Energy Inc. Provides Operational and Exploration Program Updates

CALGARY, ALBERTA--(Marketwired - Sep 14, 2016) - Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE MKT:GTE)(TSX:GTE), a company focused on oil and gas exploration and production in Colombia, is pleased to provide today the following operational update: Exploration Program Update Guriyaco-1 Exploration Well (Gran Tierra 100% Working Interest ("WI") and Operator) The Guriyaco-1 exploration well was spud on August 20, 2016 and reached a total measured depth of 9,715 feet in a drilling time of 20 days. This drill time was 6.7 days faster than Costayaco-23i, making the Guriyaco-1 the best operational drilling time by the Company in this area. This well targeted a separate structure adjacent to the Costayaco field with multiple potential oil reservoir targets in the N, U, T and Caballos sands. These are the same reservoirs that produce oil in the Costayaco field. Guriyaco-1 has shown encouraging signs of oil potential within multiple zones based on well log evaluations. Gran Tierra is casing the well and planning to conduct pressure and production testing to verify the potential. The planned completion testing is expected to start in the third week of September 2016. If the testing is successful, Gran Tierra would expect to place Guriyaco-1 on production in early October 2016. Interpretation of wireline well logs indicates the following range of potential net oil pays within the targeted zones:

N sands: 4 - 8 feet
U sands: 10 - 18 feet
T sands: 35 - 45 feet (across three reservoir zones)
Caballos sands: 38 - 48 feet (across three reservoir zones)

Further updates will be provided once the well has been tested. Putumayo 7 ("PUT-7") Block (Gran Tierra 100% WI and Operator) Gran Tierra has contracted a rig for the drilling of the two exploration wells (Cumplidor-1 and Alpha-1). Civil works were suspended for approximately one month over the course of July and August 2016 due to a regional community strike in the southern Putumayo Basin which has since been resolved. The civil works operations have thus resumed and the Company expects to spud the first exploration well (Cumplidor-1) early in the fourth quarter of 2016. It is expected to be followed immediately by the drilling of the Alpha-1 well from the same pad and an appraisal/development well (Cumplidor-3) contingent on successful test results. These wells will be the first to test the N sands play in PUT-7, which Gran Tierra believes is highly prospective and could potentially lead to long term reserves and production growth. Putumayo 4 ("PUT-4") Block (Gran Tierra 100% WI and Operator) Progress is being made with the environmental permitting for the planned Siriri-1 exploration will, which is expected to target the N sands exploration play. The Company expects to spud this well in December 2016. El Porton Block - Llanos Basin - (Gran Tierra 100% WI and Operator) Land access has been secured and Gran Tierra expects to spud the Crypto-1 exploration well in December 2016. Development Program Update Acordionero Field (Gran Tierra 100% WI and Operator) Since the August 23, 2016 closing of the acquisition of PetroLatina Energy Ltd. ("PetroLatina"), Gran Tierra commenced preparations for a fourth quarter 2016 development drilling program in the Acordionero field in the Middle Magdalena Basin. The Company plans to drill three wells in 2016 consisting of two oil producers and one water injector. All wells will be located on the same pad as the central production facility. The drilling of the first well (Acordionero-5) is expected to commence in early fourth quarter 2016 and is expected to be followed immediately by the drilling of the next producer (Acordionero-7) and then the drilling of the water injector (Acordionero-8i). Civil works and rig mobilization for the three new wells are progressing and are expected to be completed by the end of third quarter 2016. Gary Guidry, President and Chief Executive Officer of Gran Tierra, commented: "We are excited to be developing the upside potential in our new core area in the Acordionero field in the prolific Middle Magdalena Basin and commencing our multi-well exploration program. We expect the development of Acordionero's significant Proved, Probable and Possible reserves and our four exploration wells to enhance our long-term growth strategy and net asset value." Suroriente Block (Gran Tierra 15.8% WI, non-operated) The well workover campaign at the Cohembi and Quinde oil fields is underway and partially complete. The pump replacements completed in the first three wells are expected to add approximately 175 barrels of oil equivalent per day ("boepd") of WI incremental production. There are four remaining workovers scheduled for the remainder of 2016 which are expected to add approximately 175 to 225 boepd of WI incremental production. The Suroriente block was also affected by the same regional community strike in the southern Putumayo and operations were suspended for approximately one month during July and August 2016. Operations have since resumed and production is currently being increased. New Exit Production Guidance With the PetroLatina producing properties now part of Gran Tierra's Colombian portfolio, the Company now expects 2016 WI exit production before royalties from its assets in Colombia and Brazil of approximately 34,000 to 36,000 boepd. Current WI production before royalties is approximately 30,000 boepd. About Gran Tierra Energy Inc. Gran Tierra Energy Inc. is an international oil and gas exploration and production company, headquartered in Calgary, Canada, incorporated in the United States, trading on the NYSE MKT (GTE) and the Toronto Stock Exchange (GTE), and operating in South America. Gran Tierra holds interests in producing and prospective properties in Colombia, Peru, and Brazil. Gran Tierra has a strategy that focuses on establishing a portfolio of producing properties, plus production enhancement and exploration opportunities to provide a base for future growth. Additional information concerning Gran Tierra is available at www.grantierra.com. Investor inquiries may be directed to [email protected] or (403) 265-3221. Gran Tierra's Securities and Exchange Commission filings are available on a website maintained by the Securities and Exchange Commission at http://www.sec.gov and on SEDAR at http://www.sedar.com. Forward Looking Statements and Legal Advisories: This press release contains opinions, forecasts, projections, and other statements about future events or results that constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and financial outlook and forward looking information within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such forward-looking statements include, but are not limited to, the Company's strategies, the Company's operations including planned operations, the development of the Acordionero Field and the PUT-7, PUT-4, El Porton and the Suroriente Blocks, the base capital program, allocation of capital, production estimates and drilling including trends, infrastructure schedules and the expected timing of certain projects. The forward-looking statements contained in this press release reflect several material factors and expectations and assumptions of Gran Tierra including, without limitation, that Gran Tierra will continue to conduct its operations in a manner consistent with its current expectations, the accuracy of testing and production results and seismic data, pricing and cost estimates (including with respect to commodity pricing and exchange rates), rig availability, the effects of drilling down-dip, the effects of waterflood and multi-stage fracture stimulation operations, the extent and effect of delivery disruptions, and the general continuance of current or, where applicable, assumed operational, regulatory and industry conditions including in areas of potential expansion, and the ability of Gran Tierra to execute its current business and operational plans in the manner currently planned. Gran Tierra believes the material factors, expectations and assumptions reflected in the forward-looking statements are reasonable at this time but no assurance can be given that these factors, expectations and assumptions will prove to be correct. Among the important factors that could cause actual results to differ materially from those indicated by the forward-looking statements in this press release are: sustained or future declines in commodity prices and potential resulting future impairments and reductions in proved reserve quantities and value; Gran Tierra's operations are located in South America, and unexpected problems can arise due to guerrilla activity; technical difficulties and operational difficulties may arise which impact the production, transport or sale of our products; geographic, political and weather conditions can impact the production, transport or sale of our products; the risk that current global economic and credit conditions may impact oil prices and oil consumption more than Gran Tierra currently predicts; the ability of Gran Tierra to execute its business plan; the risk that unexpected delays and difficulties in developing currently owned properties may occur; the timely receipt of regulatory or other required approvals for our operating activities; the failure of exploratory drilling to result in commercial wells; unexpected delays due to the limited availability of drilling equipment and personnel; the risk that oil prices could continue to fall, or current global economic and credit market conditions may impact oil prices and oil consumption more than Gran Tierra currently predicts, which could cause Gran Tierra to further modify its strategy and capital spending program; and the risk factors detailed from time to time in Gran Tierra's periodic reports filed with the Securities and Exchange Commission, including, without limitation, under the caption "Risk Factors" in Gran Tierra's Annual Report on Form 10-K filed February 29, 2016 and its Quarterly Report on Form 10-Q filed August 8, 2016. These filings are available on the Web site maintained by the Securities and Exchange Commission at http://www.sec.gov and on SEDAR at www.sedar.com. Although the current capital spending program and long term strategy of Gran Tierra is based upon the current expectations of the management of Gran Tierra, should any one of a number of issues arise, Gran Tierra may find it necessary to alter its business strategy and/or capital spending program and there can be no assurance as at the date of this press release as to how those funds may be reallocated or strategy changed. All forward-looking statements are made as of the date of this press release and the fact that this press release remains available does not constitute a representation by Gran Tierra that Gran Tierra believes these forward-looking statements continue to be true as of any subsequent date. Actual results may vary materially from the expected results expressed in forward-looking statements. Gran Tierra disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities laws. Gran Tierra's forward-looking statements are expressly qualified in their entirety by this cautionary statement. Estimates of future production may be considered to be future-oriented financial information or a financial outlook for the purposes of applicable Canadian securities laws. Financial outlook and future-oriented financial information contained in this press release about prospective financial performance, financial position or cash flows are based on assumptions about future events, including economic conditions and proposed courses of action, based on management's assessment of the relevant information currently available, and to become available in the future. In particular, this press release contains projected operational information for 2016. These projections contain forward-looking statements and are based on a number of material assumptions and factors set out above. Actual results may differ significantly from the projections presented herein. These projections may also be considered to contain future-oriented financial information or a financial outlook. The actual results of Gran Tierra's operations for any period will likely vary from the amounts set forth in these projections, and such variations may be material. See above for a discussion of the risks that could cause actual results to vary. The future-oriented financial information and financial outlooks contained in this press release have been approved by management as of the date of this press release. Readers are cautioned that any such financial outlook and future-oriented financial information contained herein should not be used for purposes other than those for which it is disclosed herein. The Company and its management believe that the prospective financial information has been prepared on a reasonable basis, reflecting management's best estimates and judgments, and represent, to the best of management's knowledge and opinion, the Company's expected course of action. However, because this information is highly subjective, it should not be relied on as necessarily indicative of future results. Oil and Gas Disclaimer: BOEs have been converted on the basis of 6 thousand cubic feet ("Mcf") of natural gas to 1 barrel of oil. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 barrel is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. In addition, given that the value ratio based on the current price of oil as compared with natural gas is significantly different from the energy equivalent of six to one, utilizing a BOE conversion ratio of 6 Mcf: 1 barrel would be misleading as an indication of value.





For investor and media inquiries please contact:
Gary Guidry
Chief Executive Officer
403-767-6500
Ryan Ellson
Chief Financial Officer
403-767-6501
Rodger Trimble
Vice President, Investor Relations
403-698-7941
[email protected]




Read more...
Gran Tierra Energy Inc. Announces Strategic US$525 Million Acquisition of PetroLatina Energy Ltd. in Colombia

All dollar amounts are in United States ("U.S.") dollars unless otherwise indicated.

CALGARY, ALBERTA--(Marketwired - Jul 1, 2016) - Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE MKT:GTE)(TSX:GTE) is pleased to announce that the Company has entered into an agreement (the "Acquisition Agreement") to acquire PetroLatina Energy Ltd. ("PetroLatina") for cash consideration of $525 million (the "Acquisition"), consisting of an initial payment of $500 million at closing, subject to closing adjustments, and a deferred payment of $25 million prior to December 31, 2016. PetroLatina is a private, independent exploration and production company with assets primarily in the Middle Magdalena basin of Colombia. "The Acquisition represents a unique material opportunity in Colombia in terms of scale and upside potential, and will add a new core area for Gran Tierra in the prolific Middle Magdalena Basin," commented Gary Guidry, Gran Tierra's President and CEO, "The combination of Gran Tierra's strong, positive cash-flowing asset base and PetroLatina's attractive portfolio of development opportunities will create a premier Colombia-focused exploration and production company." The Acquisition is expected to be funded through a combination of Gran Tierra's current cash balance, available borrowings under Gran Tierra's existing credit facilities, a new $130 million debt facility, and a private placement of up to $173.5 million of subscription receipts ("Subscription Receipts") priced at $3.00 per Subscription Receipt entitling each holder thereof to one share of common stock in the capital of the Corporation ("Common Shares"). The pricing reflects a 7.9 percent discount from the five day volume weighted average price of $3.26. "Our balance sheet and financial strength along with low cost operations allow us to execute on our growth strategy in a low oil price environment," said Guidry. "We are acquiring significant proved, probable and possible reserves in a new core area in the Middle Magdalena basin which we expect to enhance our long-term growth strategy and to be an excellent fit with Gran Tierra's current reserves and resources base in the Putumayo basin." Below are certain transaction highlights relating to the Acquisition. Key Transaction Highlights(1)

Growth platform in Middle Magdalena basin with significant proved plus probable ("2P") reserves additions of 53 million barrels ("MMbbl") (100% oil), increasing Gran Tierra's pro forma December 31, 2015 2P reserves by 70% to 129 million barrels of oil equivalent ("MMBOE")(7)
Complementary acreage positions in Middle Magdalena basin, Llanos basin and Putumayo basin; addition of 469 thousand working interest ("WI") acres across Colombian portfolio
Expected PetroLatina H2/2016 WI before royalties 2P average daily production of 5,400 barrels of oil per day ("bopd")
Expected PetroLatina 2018 WI before royalties 2P average daily production of 14,800 bopd
Long term free cash flow generation and attractive pro forma operating netbacks(2) of approximately $30 per barrel ("bbl")
Pro forma Gran Tierra will have a diversified portfolio of three large producing oil fields and a diversified exploration portfolio of 694 MMBOE(5) of unrisked mean prospective resources.
Accretive on a per share basis to Gran Tierra's production, reserves and net asset value
Expected cost savings from operational synergies and efficiencies
Combined company work program is expected to be self-funding for at least the next five years.

Key Attributes of PetroLatina(1) PetroLatina's core asset is a 100% operated WI in the Midas Block located in the Middle Magdalena basin, which contains the Acordionero conventional oil field which PetroLatina discovered in 2013.




Material Reserves and Production at Acordionero: With WI 2P reserves of 47 MMbbl, Acordionero comprises approximately 90% of PetroLatina's total WI 2P reserves of 53 MMbbl. Acordionero's estimated H2/2016 WI before royalties 2P production of approximately 4,450 bopd represents 82% of PetroLatina's estimated total H2 2016 WI before royalties 2P production of 5,400 bopd. As of March 31, 2016, the Acordionero-1 discovery well has produced a cumulative 1.8 MMbbl of oil, while total cumulative oil production from the Acordionero field stands at 3.4 MMbbl.









Ongoing Drilling in the Acordionero Field: As of May 31, 2016, four wells have been drilled in the Acordionero field, consisting of one discovery exploration well and three follow-up appraisal wells. Acordionero has oil in two formations within a four-way structural closure. The productive formations are the Lisama "A" Sand, which produces heavy oil with 14° API gravity, and the Lisama "C/D" Sands, which produce medium oil with 26° API gravity. Approximately 34 MMbbl or 72% of Acordionero's WI 2P reserves are contained in the Lisama "A" sand, while the remaining 13 MMbbl or 28% of the field's WI 2P reserves are contained in the Lisama "C/D" Sands.









Significant Long-Term Development Potential at Acordionero: On a 2P basis, 16 additional production wells and 5 water injection wells are expected to be drilled and completed over the next three years (2016-2018). In addition, four existing wells are expected to be recompleted by 2022. This development plan would require an approximate investment of $181 million over the period 2016 to 2022 and is expected to increase Acordionero's WI before royalties production from an approximate average of 4,600 bopd in 2016 to an approximate average of 15,000 bopd in 2019.









Significant Colombian Land Holdings: The Acquisition establishes a new core area for Gran Tierra in the Middle Magdalena basin (addition of 78,662 WI acres), which has a history of significant conventional petroleum exploration and production success. Unconventional resources are now under evaluation for commercial opportunities in the La Luna and Rosa Blanca formations. The blocks being acquired are in the heart of this developing play trend.



The Acquisition further enhances Gran Tierra's dominant land position in the Putumayo basin (addition of 79,069 WI acres) by increasing the Company's WI in the PUT-4 Block from 70% to 100% WI and adding the 100% WI PUT-25 block. The PUT-4 block has 7 prospects and consolidates an incremental 5 MMBOE(6) of mean risked prospective resources. Gran Tierra is planning to drill the Siriri prospect on PUT-4 in 2016, which will test the N-Sands exploration play. The Llanos blocks (addition of 310, 940 WI acres), LLA-1, LLA-53 and LLA-70, further diversify Gran Tierra's position in the basin and provide additional, operated, exploration acreage which may include stratigraphic and structural prospectivity. To view Figure 1: Gran Tierra Energy and PetroLatina's Land Position in Colombia, visit the following link: http://media3.marketwire.com/docs/1061339-F1.pdf Summary of Transaction PetroLatina operational figures as follows:


Estimated WI Proved ("1P") Reserves:(1)
21 MMbbl


Estimated WI 2P Reserves:(1)
53 MMbbl


Estimated WI Proved Probable Possible ("3P") Reserves:(1)
98 MMbbl


Expected 2P WI Production (H2 2016 Average):(1)
5,400 bopd


Expected 2P WI Production (2017 Average):(1)
8,600 bopd


Expected 2P WI Production (2018 Average):(1)
14,800 bopd


2P net present value before tax discounted at 10%(1)
$ 990 million


3P net present value before tax discounted at 10%(1)
$ 1,771 million


Oil as Percentage of Reserves & Production:
100%


WI Land Holdings, March 31, 2016:
469 thousand acres


Estimated Tax Pools, March, 31, 2016:
$73.2 million


Estimated Operating Netback, H2 2016:(2)
$29 per barrel


Estimated Operating Netback, 2017:(2)
$31 per bbl


Estimated Operating Netback, 2018:(2)
$36 per bbl


Estimated 2016-2018 Capital Expenditures:(1)
$185 million



Acquisition metrics, based on the purchase price of $525 million, are expected to be as follows:


WI 1P Reserves:
$25.0 per bbl


WI 2P Reserves:
$9.9 per bbl


WI 3P Reserves:
$5.4 per bbl


Expected 2P WI Production (H2 2016 Average):
$97,200 per bopd


Expected 2P WI Production (2017 Average):
$61,000 per bopd


Expected 2P WI Production (2018 Average):
$35,500 per bopd


Estimated Operating Netback Multiple, H2 2016:(2)(3)(4)
9.1 times


Estimated Operating Netback Multiple, 2017:(2)(3)
5.5 times


Estimated Operating Netback Multiple, 2018:(2)(3)
times










Notes:



(1)
PetroLatina's reserves, production, operating netbacks and capital expenditures are based on an independent reserves evaluation, effective December 31, 2015, prepared by McDaniel & Associates Ltd. ("McDaniel") for Gran Tierra in accordance with Canadian National Instrument 51-101 - Standards for Oil and Gas Activities ("NI 51-101") and the Canadian Oil and Gas Evaluation Handbook ("COGEH") (the "PetroLatina McDaniel Reserves Report"). Gran Tierra's reserves and production are based on an independent reserves evaluation, effective December 31, 2015, prepared by McDaniel in accordance NI 51-101 and COGEH (the "GTE McDaniel Reserves Report"). McDaniel January 1, 2016 Brent oil price deck: $47.5/bbl 2016, $56.2/bbl 2017, and $65.0/bbl 2018. Production and reserves are on a pre-royalty basis.



(2)
Based on the PetroLatina McDaniel Reserves Report. Operating netbacks calculated as oil sales net of royalties and operating expenses; Operating netback is a non-GAAP measure and does not have a standardized meaning under generally accepted accounting principles in the United States of America ("GAAP"). Investors are cautioned that this measure should not be construed as an alternative to net income or other measures of financial performance as determined in accordance with GAAP. The Company's method of calculating this measure may differ from other companies and, accordingly, may not be comparable to similar measures used by other companies. Management believes that operating netback is a useful supplemental measure for management and investors to analyze operating performance and provide an indication of the results generated by our principal business activities prior to the consideration of other income and expenses.



(3)
Operating netback multiples calculated as purchase price divided by operating netback.



(4)
Annualized



(5)
Based on the independent evaluation of prospective resources prepared by McDaniel as at September 30, 2015 with respect to Gran Tierra's Colombian properties, the independent evaluation of Petroamerica Oil Corp's ("Petroamerica") prospective resources prepared by McDaniel as at December 31, 2015 (the "PTA McDaniel Prospective Resources Report") and further derived from the PTA McDaniel Prospective Resources Report by a member of management who is a qualified reserves evaluator in accordance with COGEH as of the same date as PetroGranada Colombia Limited ("PGC") owns the remaining 50% WI in the Putumayo-7 Block, the other 50% WI being owned by Petroamerica and derived from the PTA McDaniel Prospective Resources Report by a member of management who is a qualified reserves evaluator in accordance with COGEH as of the same date as PetroLatina owns the remaining 30% WI in the Putumayo-4 Block, the other 70% WI being owned by Gran Tierra.



(6)
Derived from the PTA McDaniel Prospective Resources Report by a member of management who is a qualified reserves evaluator in accordance with COGEH as of the same date as PetroLatina owns the remaining 30% WI in the Putumayo-4 Block, the other 70% WI being owned by Gran Tierra.



(7)
Based on the GTE McDaniel Reserves Report and the PetroLatina McDaniel Reserves Report. Comparison is to Gran Tierra pro forma reserves at December 31, 2015, including reserves acquired through acquisitions of Petroamerica and PGC in January 2016.



Acquisition Process The Acquisition has been unanimously approved by the board of directors of Gran Tierra. The Acquisition Agreement was entered into among an indirect subsidiary of the Company, PetroLatina and three key shareholders of PetroLatina that hold more than 80% of the shares of PetroLatina. Under the terms of the Acquisition Agreement, it is a condition of closing that all of the remaining shares of PetroLatina are acquired pursuant to provisions of the Articles of Association of PetroLatina upon the closing of the Acquisition. The Acquisition is also subject to customary closing conditions, including, among other things, any required regulatory approval, and is expected to close prior to October 31, 2016. Financing of the Transaction Consideration for the Acquisition will consist of an initial payment of $500 million at closing, subject to closing adjustments, and a deferred payment of $25 million prior to December 31, 2016. The Acquisition will be funded through a combination of Gran Tierra's cash and current restricted cash balance of $170 million(8), concurrent private placement of up to $173.5 million of Subscription Receipts, a new $130 million debt facility, and Gran Tierra's existing credit facilities. Pro forma for the Acquisition and the financings, the Company had $123.5 million of available borrowings as of March 31, 2016. In connection with the Acquisition, Gran Tierra has agreed to issue up to 57,835,134 Subscription Receipts priced at $3.00 per Subscription Receipt to certain institutional investors and certain directors and executive officers of Gran Tierra for aggregate gross proceeds of up to $173.5 million. Scotiabank, RBC Capital Markets and Dundee Securities Inc. served as placement agents (the "Agents") for the Subscription Receipt financing. Each Subscription Receipt will entitle the holder thereof to receive one Common Share upon satisfaction of certain conditions. The proceeds from the sale of Subscription Receipts (less 50% of the placement agents' fees, the "Escrowed Funds"), will be held in escrow and will be released to Gran Tierra when (i) other than the payment of the purchase price, all conditions precedent to the completion of the Acquisition pursuant to the Acquisition Agreement, as may be amended from time to time, have been satisfied in accordance with the terms of the Acquisition Agreement or waived (provided no such amendment or waiver is materially adverse to the holders of the Subscription Receipts) and (ii) the parties to the Acquisition Agreement are ready, willing and able to consummate the transactions contemplated thereby concurrent with the release of the Escrowed Funds (the "Escrow Release Condition"). In the event the Escrow Release Condition is not satisfied prior to 5:00 p.m. (Toronto time) on October 31, 2016, the Acquisition Agreement is terminated in accordance with its terms, or we have announced that we do not intend to proceed with the Acquisition, each holder of Subscription Receipts will be entitled to its pro rata share of the Escrowed Funds, interest earned on Escrowed Funds, net of any applicable withholding taxes, and 50% of the placement agents' fees. The offer and sale of the Subscription Receipts was conducted by way of a private placement in reliance on Section 4(a)(2) of the U.S. Securities Act of 1933, as amended, and in Canada by way of private placement in all provinces of Canada under applicable accredited investor and director and officer private placement exemptions. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities herein described, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. The private placement of Subscription Receipts is expected to close on or about July 8, 2016. Gran Tierra has entered into a commitment letter with Scotiabank, its lead lender, to provide up to $130 million in bridge financing to fund a portion of the Acquisition. The bridge facility is expected to have a tenor of 364 days, bear interest at USD LIBOR plus 6%, and would have customary bridge facility repayment terms allowing for multiple longer term financing options.


(8)
As at May 31, 2016, cash of $163.3 million and current restricted cash of $6.6 million.



Updated Guidance Gran Tierra expects to provide additional updated 2016 guidance for funds flow from operations and operating netback with the release of its second quarter 2016 results on or around August 8, 2016. Advisors Scotia Waterous acted as lead financial advisor and RBC Capital Markets also served as a financial advisor to Gran Tierra in connection with the Acquisition. Scotiabank, RBC Capital Markets and Dundee Securities acted as Joint Lead Agents to Gran Tierra in connection with the private placement. Scotiabank provided bank financing in connection with the Acquisition. About Gran Tierra Energy Inc. Gran Tierra Energy Inc. together with its subsidiaries is an independent international energy company focused on oil and natural gas exploration and production in Colombia. The Company also has business activities in Peru and Brazil. Gran Tierra's Securities and Exchange Commission filings are available on a web site maintained by the Securities and Exchange Commission at http://www.sec.gov and on SEDAR at http://www.sedar.com. Disclaimer General Advisory The information contained in this press release does not purport to be all-inclusive or contain all information that readers may require. You are encouraged to conduct your own analysis and review of Gran Tierra and of the information contained in this press release. Without limitation, you should read the entire record of publicly filed documents relating to the Company, consider the advice of your financial, legal, accounting, tax and other professional advisors and such other factors you consider appropriate in investigating and analyzing Gran Tierra. You should rely only on the information provided by Gran Tierra and are not entitled to rely on parts of that information to the exclusion of others. Gran Tierra has not authorized anyone to provide you with additional or different information, and any such information, including statements in media articles about Gran Tierra, should not be relied upon. An investment in the securities of Gran Tierra is speculative and involves a high degree of risk. Gran Tierra's business is subject to the risks normally encountered in the oil and gas industry and certain other risks that are associated with Gran Tierra's current stage of development. An investment in the Company's securities is suitable only for those purchasers who are willing to risk a loss of some or all of their investment and who can afford to lose some or all of their investment. You should carefully consider the risks described under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2015 and in the Company's subsequent SEC filings. Of particular significance, there is no certainty that the Acquisition will be completed. Forward-Looking Information Advisory This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and financial outlook and forward looking information within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such forward-looking statements include, but are not limited to, our ability to successfully complete the Acquisition, integrate the acquired assets with our own and realize the anticipated benefits, the scale, growth, diversity opportunities, planned synergies, expected production of Gran Tierra following completion of the Acquisition, the combined work program and operations going forward. Statements respecting reserves are forward-looking statements as they involve the implied assessment, based on estimates and assumptions, that the reserves described exist in the quantities predicted or estimated and can be profitably produced in the future. Estimates of future production may be considered to be future-oriented financial information or a financial outlook for the purposes of applicable Canadian securities laws. Financial outlook and future-oriented financial information contained in this press release about prospective financial performance, financial position or cash flows are based on assumptions about future events, including economic conditions and proposed courses of action, based on management's assessment of the relevant information currently available, and to become available in the future. In particular, this press release contains projected operational information. These projections contain forward-looking statements and are based on a number of material assumptions and factors set out above. Actual results may differ significantly from the projections presented herein. These projections may also be considered to contain future-oriented financial information or a financial outlook. The actual results of Gran Tierra's operations for any period will likely vary from the amounts set forth in these projections, and such variations may be material. See above for a discussion of the risks that could cause actual results to vary. The future-oriented financial information and financial outlooks contained in this presentation have been approved by management as of the date of this presentation. Readers are cautioned that any such financial outlook and future-oriented financial information contained herein should not be used for purposes other than those for which it is disclosed herein. Gran Tierra and its management believe that the prospective financial information has been prepared on a reasonable basis, reflecting management's best estimates and judgments, and represent, to the best of management's knowledge and opinion, Gran Tierra's expected course of action. However, because this information is highly subjective, it should not be relied on as necessarily indicative of future results. The forward-looking statements contained in this press release are based on certain assumptions made by Gran Tierra based on management's experience and perception of historical trends, current conditions, anticipated future development and other factors believed to be appropriate. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond Gran Tierra's control, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. These include the factors discussed or referenced under the heading "Part 1. Item 1A. Risk Factors" in Gran Tierra's 2015 Annual Report on Form 10-K, under the heading "Part II. Item 1A. Risk Factors" in Gran Tierra's Quarterly Reports on Form 10-Q and in the other reports and filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date on which such statements are made, and Gran Tierra undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Gran Tierra's forward-looking statements are expressly qualified in their entirety by this cautionary statement. Presentation of Oil and Gas Information BOEs have been converted on the basis of six thousand cubic feet ("Mcf") natural gas to 1 barrel of oil. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. In addition, given that the value ratio based on the current price of oil as compared with natural gas is significantly different from the energy equivalent of six to one, utilizing a BOE conversion ratio of 6 Mcf: 1 bbl would be misleading as an indication of value. Estimates of reserves and future net revenue for individual properties may not reflect the same level of confidence as estimates of reserves and future net revenue for all properties, due to the effect of aggregation. Proved reserves are those reserves that can be estimated with a high degree of certainty to be recoverable. It is likely that the actual remaining quantities recovered will exceed the estimated proved reserves. Probable reserves are those additional reserves that are less certain to be recovered than proved reserves. It is equally likely that the actual remaining quantities recovered will be greater or less than the sum of the estimated proved plus probable reserves. Possible reserves are those additional reserves that are less certain to be recovered than Probable reserves. There is a 10% probability that the quantities actually recovered will equal or exceed the sum of Proved plus Probable plus Possible reserves.

Estimates of Gran Tierra's and PetroLatina's reserves and the net present value of future net revenue attributable to the Gran Tierra's and PetroLatina's reserves, are based upon the GTE McDaniel Reserves Report and the PetroLatina McDaniel Reserves Report. The estimates of reserves provided in this presentation are estimates only and there is no guarantee that the estimated reserves will be recovered. Actual reserves may be greater than or less than the estimates provided in this in this presentation and the differences may be material. Estimates of net present value of future net revenue attributable to the disclosed reserves do not represent fair market value and there is uncertainty that the net present value of future net revenue will be realized. There is no assurance that the forecast price and cost assumptions applied by McDaniel in evaluating the disclosed reserves will be attained and variances could be material. Prospective Resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. Prospective resources have both an associated chance of discovery and a chance of development. Not all exploration projects will result in discoveries. The chance that an exploration project will result in the discovery of petroleum is referred to as the "chance of discovery." Thus, for an undiscovered accumulation the chance of commerciality is the product of two risk components-the chance of discovery and the chance of development. There is no certainty that any portion of the prospective resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the prospective resources. The estimates of prospective resources provided in this press release are estimates only and there is no guarantee that the estimated prospective resources will be recovered. Actual prospective resources may be greater than or less than the estimates provided in this in this press release and the differences may be material. There is no assurance that the forecast price and cost assumptions applied by McDaniel or a member of management who is a qualified reserves evaluator in evaluating the prospective resources will be attained and variances could be material. There is no certainty that any portion of the prospective resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the prospective resources. Estimates of prospective resources are by their nature more speculative than estimates of proved reserves and would require substantial capital spending over a significant number of years to implement recovery. Actual locations drilled and quantities that may be ultimately recovered from our properties will differ substantially. In addition, we have made no commitment to drill, and likely will not drill, all of the drilling locations that have been attributable to these quantities. Product types reasonably expected from the prospective resources are light and medium crude oil and conventional natural gas. Except as otherwise set forth herein, the prospective resources estimates that are referred to herein are un-risked as to both chance of discovery and chance of development. Risks that could impact the chance of discovery and chance of development include, without limitation: geological uncertainty and uncertainty regarding individual well drainage areas; uncertainty regarding the consistency of productivity that may be achieved from lands with attributed resources; potential delays in development due to product prices, access to capital, availability of markets and/or take-away capacity; and uncertainty regarding potential flow rates from wells and the economics of those wells. The following classification of prospective resources is used in the presentation:


• Low Estimate means there is at least a 90 percent probability (P90) that the quantities actually recovered will equal or exceed the low estimate.


• Best Estimate means there is at least a 50 percent probability (P50) that the quantities actually recovered will equal or exceed the best estimate.


• High Estimate means there is at least a 10 percent probability (P10) that the quantities actually recovered will equal or exceed the high estimate.



In general, the significant factors that may change the prospective resources estimates include further delineation drilling, which could change the estimates either positively or negatively, future technology improvements, which would positively affect the estimates, and additional processing capacity that could affect the volumes recoverable or type of production. Additional facility design work, development plans, reservoir studies and delineation drilling is expected to be completed by the Company in accordance with its long-term resource development plan. Readers should refer to the prospective resources disclosure under the heading 'Disclosure of Oil and Gas information' in Gran Tierra's press release dated January 21, 2016, for additional information. Also, as non-GAAP measures: Gran Tierra's before tax net present values of 2P reserves prepared in accordance with NI 51-101 and COGEH and discounted at 10% ("PV-10") differs from its standardized measure under generally accepted accounting principles in the United States ("U.S. GAAP") because (i) the U.S. Securities and Exchange Commission ("SEC") and the U.S. Financial Accounting Standards Board ("FASB") standards require that the standardized measure reflects reserves and related future net revenue estimated using average prices for the previous 12 months, whereas NI 51-101 reserves and related future net revenue are estimated based on forecast prices and costs and (ii) the standardized measure reflects discounted future income taxes related to Gran Tierra's operations. Gran Tierra believes that the presentation of PV-10 is useful to investors because it presents (i) relative monetary significance of its oil and natural gas properties regardless of tax structure and (ii) relative size and value of its reserves to other companies. Gran Tierra also uses this measure when assessing the potential return on investment related to its oil and natural gas properties. PV-10 and the standardized measure of discounted future net cash flows do not purport to present the fair value of Gran Tierra's oil and gas reserves. Gran Tierra has not provided a reconciliation of PV-10 to the standardized measure of discounted future net cash flows because it is impracticable to do so. Disclosure of Reserve Information and Cautionary Note to U.S. Investors Unless expressly stated otherwise, all estimates of proved, probable and possible reserves and related future net revenue disclosed in this presentation have been prepared in accordance with NI 51-101. Estimates of reserves and future net revenue made in accordance with NI 51-101 will differ from corresponding estimates prepared in accordance with SEC rules and disclosure requirements of FASB, and those differences may be material. NI 51-101, for example, requires disclosure of reserves and related future net revenue estimates based on forecast prices and costs, whereas SEC and FASB standards require that reserves and related future net revenue be estimated using average prices for the previous 12 months. In addition, NI 51-101 permits the presentation of reserves estimates on a "company gross" basis, representing Gran Tierra's working interest share before deduction of royalties, whereas SEC and FASB standards require the presentation of net reserve estimates after the deduction of royalties and similar payments. There are also differences in the technical reserves estimation standards applicable under NI 51-101 and, pursuant thereto, the COGEH, and those applicable under SEC and FASB requirements. In addition to being a reporting issuer in certain Canadian jurisdictions, Gran Tierra is a registrant with the SEC and subject to domestic issuer reporting requirements under U.S. federal securities law, including with respect to the disclosure of reserves and other oil and gas information in accordance with U.S. federal securities law and applicable SEC rules and regulations (collectively, "SEC requirements"). Disclosure of such information in accordance with SEC requirements is included in the Company's Annual Report on Form 10-K and in other reports and materials filed with or furnished to the SEC and, as applicable, Canadian securities regulatory authorities. The SEC permits oil and gas companies that are subject to domestic issuer reporting requirements under U.S. federal securities law, in their filings with the SEC, to disclose only estimated proved, probable and possible reserves that meet the SEC's definitions of such terms. Gran Tierra has disclosed estimated proved, probable and possible reserves in its filings with the SEC. In addition, Gran Tierra prepares its financial statements in accordance with United States generally accepted accounting principles, which require that the notes to its annual financial statements include supplementary disclosure in respect of the Company's oil and gas activities, including estimates of its proved oil and gas reserves and a standardized measure of discounted future net cash flows relating to proved oil and gas reserve quantities. This supplementary financial statement disclosure is presented in accordance with FASB requirements, which align with corresponding SEC requirements concerning reserves estimation and reporting. Investors are urged to consider closely the disclosures and risk factors in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and in the other reports and filings with the SEC, available from the Company's offices or website. These forms can also be obtained from the SEC via the internet at www.sec.gov or by calling 1-800-SEC-0330.





Gran Tierra Energy Inc.
Gary Guidry
Chief Executive Officer
403-767-6500
Gran Tierra Energy Inc.
Ryan Ellson
Chief Financial Officer
403-767-6501
Gran Tierra Energy Inc.
Rodger Trimble
Vice President of Investor Relations
403-698-7941
[email protected]




Read more...
Gran Tierra Energy Announces Final Voting Results of Its Annual Meeting of Stockholders

CALGARY, ALBERTA--(Marketwired - Jun 24, 2016) - Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE MKT:GTE)(TSX:GTE) today announces the voting results from its annual meeting of stockholders held on June 23, 2016. Stockholders elected all seven individuals nominated by Gran Tierra. In addition, stockholders voted "FOR" the approval, on an advisory basis, of the compensation of Gran Tierra's named executive officers, "FOR" the ratification of the appointment of Deloitte LLP as Gran Tierra's independent registered public accounting firm for 2016 and "FOR" the proposal to approve a change in the Company's state of incorporation from the State of Nevada to the State of Delaware, pursuant to a plan of conversion. The detailed results of the vote are as follows:


Proposal 1 - Election of Directors
For
Against
Abstain
Non Votes


Peter Dey
160,345,342
23,275,723
1,095,308
33,071,468


Gary S. Guidry
182,721,045
1,831,800
163,528
33,071,468


Evan Hazell
183,980,504
533,700
202,169
33,071,468


Robert B. Hodgins
180,294,285
4,256,391
165,697
33,071,468


Ronald Royal
184,003,308
547,997
165,068
33,071,468


David P. Smith
184,030,276
526,038
160,059
33,071,468


Brooke Wade
180,497,647
4,053,315
165,411
33,071,468









Proposal 2
For
Against
Abstain
Non Votes


Advisory vote on Executive Compensation
93,638,523
86,746,948
4,330,902
33,071,468









Proposal 3
For
Against
Abstain
Non Votes


Ratification of Appointment of the Independent Registered Public Accounting Firm


216,418,067


1,199,402


162,750


0









Proposal 4
For
Against
Abstain
Non Votes


Change in the Company's State of Incorporation
184,136,737
452,069
127,567
33,071,468



The Board acknowledges the level of support received for the executive compensation proposal put forth in Gran Tierra's Proxy Statement. About Gran Tierra Energy Inc. Gran Tierra Energy Inc. together with its subsidiaries is an independent international energy company focused on oil and natural gas exploration and production in Colombia. The Company also has business activities in Peru and Brazil. Gran Tierra's Securities and Exchange Commission filings are available on a web site maintained by the Securities and Exchange Commission at www.sec.gov and on SEDAR at www.sedar.com.





Gran Tierra Energy Inc.
Gary Guidry
Chief Executive Officer
403-767-6500
Gran Tierra Energy Inc.
Ryan Ellson
Chief Financial Officer
403-767-6501
Gran Tierra Energy Inc.
Rodger Trimble
Vice President, Investor Relations
403-698-7941
[email protected]




Read more...
Gran Tierra Energy Inc. Announces New Executive Appointments

CALGARY, ALBERTA--(Marketwired - Jun 24, 2016) - Gran Tierra Energy Inc. ("Gran Tierra") (NYSE MKT:GTE)(TSX:GTE), today announced the promotion of four key team members to executive officers effective immediately. Ed Caldwell - Vice President Health, Safety and Environment & Corporate Social Responsibility Ed Caldwell had a distinguished 27-year career with ExxonMobil and Imperial Oil, and most recently worked with Caracal Energy Inc. in Caracal's efforts and achievement in Chad. Mr. Caldwell has extensive experience in senior Regulatory Approvals and HSE Management roles in Canada, Asia, Russia, and Africa. He has also worked with the Government of Canada and, in that capacity, represented Canada at the OECD Energy/Environment Committee as well as at the Intergovernmental Panel on Climate Change. Mr. Caldwell will work with Gran Tierra's executive and operations team to lead the implementation of corporate policies and programs related to HSE & CSR. Mr. Caldwell will also assist with government and stakeholder relations in Gran Tierra's countries of operation. Susan Mawdsley - Vice President Finance and Corporate Controller Susan Mawdsley is a Chartered Accountant with 25 years of experience in the oil and gas industry. She has been the Corporate Controller of Gran Tierra Energy since 2012 and has direct responsibility for the finance departments in all business units, as well as treasury and internal audit. Prior to joining Gran Tierra in 2011, she was an independent consultant providing contract controller, CFO, and other finance related services to publicly traded domestic and international oil and gas companies. Glen Mah - Vice President Business Development Glen Mah is a Petroleum Geologist with extensive management experience covering the execution of exploration programs, field development and asset management for conventional and unconventional hydrocarbons. He has worked with onshore and offshore projects in international basins in the Americas, Africa, Middle East and Asian. Glen was the Chief Geologist with the highly successful Tanganyika Oil Company Ltd. project in Syria. Mr. Mah will lead and coordinate all of the Company's new business development efforts. He will continue to work closely with the executive leadership team to ensure the Company focuses its valuable manpower resources on opportunities consistent with the corporate strategy, and material to shareholder value creation. Rodger Trimble - Vice President Investor Relations Rodger Trimble is a professional oil and gas Engineer with 30 years of experience in domestic and international basins in various management positions. Prior to joining Gran Tierra, Mr. Trimble was Head of Corporate Planning, Budgeting & Finance with Glencore E&P Canada Inc. and prior thereto Director Corporate Planning, Budget & Business Development with Caracal Energy Inc. (acquired by Glencore E&P). He has held several senior management positions ranging from Country Manager in Argentina with Canadian Hunter Exploration, Vice President, Exploitation with Esprit Energy Trust, Manager, Reservoir Engineering with Apache Canada Inc. and Manager, Upstream Evaluations - Frontiers & International with Husky Energy. Gary Guidry, President and CEO of Gran Tierra, said "Ed, Susan, Glen and Rodger are all key members of the leadership team at Gran Tierra. Their broad experience and continued leadership will help steer Gran Tierra as we execute our strategy to create value for all stakeholders". About Gran Tierra Energy Inc. Gran Tierra Energy Inc. together with its subsidiaries is an independent international energy company focused on oil and natural gas exploration and production in Colombia. The Company also has business activities in Peru and Brazil. Gran Tierra's Securities and Exchange Commission filings are available on a web site maintained by the Securities and Exchange Commission at http://www.sec.gov and on SEDAR at http://www.sedar.com.





Gary Guidry
Chief Executive Officer
403-767-6500
Ryan Ellson
Chief Financial Officer
403-767-6501
Rodger Trimble
Vice President, Investor Relations
403-698-7941
[email protected]




Read more...

Ratios

vs
industry
vs
history
Forward PE Ratio 13.26
GTE's Forward PE Ratio is ranked higher than
69% of the 123 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 19.19 vs. GTE: 13.26 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PB Ratio 0.79
GTE's PB Ratio is ranked higher than
64% of the 433 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.20 vs. GTE: 0.79 )
Ranked among companies with meaningful PB Ratio only.
GTE' s PB Ratio Range Over the Past 10 Years
Min: 0.51  Med: 1.19 Max: 2.4
Current: 0.79
0.51
2.4
PS Ratio 2.09
GTE's PS Ratio is ranked higher than
59% of the 403 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.09 vs. GTE: 2.09 )
Ranked among companies with meaningful PS Ratio only.
GTE' s PS Ratio Range Over the Past 10 Years
Min: 1.28  Med: 3.17 Max: 6.77
Current: 2.09
1.28
6.77
Price-to-Operating-Cash-Flow 5.08
GTE's Price-to-Operating-Cash-Flow is ranked higher than
59% of the 273 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 6.66 vs. GTE: 5.08 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
GTE' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 3.26  Med: 6.59 Max: 13.98
Current: 5.08
3.26
13.98
Current Ratio 0.78
GTE's Current Ratio is ranked lower than
66% of the 500 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.28 vs. GTE: 0.78 )
Ranked among companies with meaningful Current Ratio only.
GTE' s Current Ratio Range Over the Past 10 Years
Min: 0.58  Med: 2.32 Max: 228.14
Current: 0.78
0.58
228.14
Quick Ratio 0.73
GTE's Quick Ratio is ranked lower than
67% of the 499 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.19 vs. GTE: 0.73 )
Ranked among companies with meaningful Quick Ratio only.
GTE' s Quick Ratio Range Over the Past 10 Years
Min: 0.53  Med: 2.18 Max: 228.14
Current: 0.73
0.53
228.14
Days Inventory 28.90
GTE's Days Inventory is ranked lower than
52% of the 203 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 28.39 vs. GTE: 28.90 )
Ranked among companies with meaningful Days Inventory only.
GTE' s Days Inventory Range Over the Past 10 Years
Min: 15.56  Med: 37.56 Max: 80.81
Current: 28.9
15.56
80.81
Days Sales Outstanding 53.16
GTE's Days Sales Outstanding is ranked lower than
51% of the 389 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 51.71 vs. GTE: 53.16 )
Ranked among companies with meaningful Days Sales Outstanding only.
GTE' s Days Sales Outstanding Range Over the Past 10 Years
Min: 25.3  Med: 45.86 Max: 120.94
Current: 53.16
25.3
120.94
Days Payable 249.90
GTE's Days Payable is ranked higher than
77% of the 257 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 89.31 vs. GTE: 249.90 )
Ranked among companies with meaningful Days Payable only.
GTE' s Days Payable Range Over the Past 10 Years
Min: 171.52  Med: 370.78 Max: 477.27
Current: 249.9
171.52
477.27

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -12.80
GTE's 3-Year Average Share Buyback Ratio is ranked lower than
56% of the 378 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -10.50 vs. GTE: -12.80 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
GTE' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -104.5  Med: -12.8 Max: -0.6
Current: -12.8
-104.5
-0.6

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 0.84
GTE's Price-to-Tangible-Book is ranked higher than
61% of the 406 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.26 vs. GTE: 0.84 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
GTE' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.45  Med: 1.25 Max: 2.46
Current: 0.84
0.45
2.46
Price-to-Intrinsic-Value-Projected-FCF 1.24
GTE's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
56% of the 119 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.14 vs. GTE: 1.24 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
GTE' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.67  Med: 1.17 Max: 2.99
Current: 1.24
0.67
2.99
Price-to-Median-PS-Value 0.66
GTE's Price-to-Median-PS-Value is ranked higher than
62% of the 373 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.89 vs. GTE: 0.66 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
GTE' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.57  Med: 1.05 Max: 1.8
Current: 0.66
0.57
1.8
Earnings Yield (Greenblatt) % -55.16
GTE's Earnings Yield (Greenblatt) % is ranked lower than
88% of the 516 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -4.43 vs. GTE: -55.16 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
GTE' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -94.6  Med: 6.9 Max: 36.4
Current: -55.16
-94.6
36.4
Forward Rate of Return (Yacktman) % -2.78
GTE's Forward Rate of Return (Yacktman) % is ranked higher than
71% of the 178 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -16.06 vs. GTE: -2.78 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
GTE' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -27.9  Med: 3 Max: 69.6
Current: -2.78
-27.9
69.6

More Statistics

Revenue (TTM) (Mil) $326.53
EPS (TTM) $ -1.23
Beta0.74
Short Percentage of Float1.95%
52-Week Range $1.99 - 3.45
Shares Outstanding (Mil)399.01

Analyst Estimate

Dec17 Dec18
Revenue (Mil $) 490 488
EPS ($) 0.15 0.23
EPS without NRI ($) 0.15 0.23
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
» More Articles for GTE

Headlines

Articles On GuruFocus.com
Weekly Top Insider Buys Highlight Dec 30 2016 
Gran Tierra Energy Inc. Provides Operational and Exploration Program Updates Sep 15 2016 
Gran Tierra Energy Inc. Announces Strategic US$525 Million Acquisition of PetroLatina Energy Ltd. in Jul 01 2016 
Gran Tierra Energy Announces Final Voting Results of Its Annual Meeting of Stockholders Jun 24 2016 
Gran Tierra Energy Inc. Announces New Executive Appointments Jun 24 2016 
Gran Tierra Energy Inc. Announces Colombian Peso Hedging Program Jun 08 2016 
Gran Tierra Energy Inc. Announces Increase in 2016 Exploration Capital Budget, Hedging Program, Cred May 31 2016 
Gran Tierra Energy Inc. Announces Capital Markets Days May 12 2016 
Gran Tierra Announces Release Date for its 2016 First Quarter Results, Conference Call and Webcast D Apr 27 2016 
Gran Tierra Energy Inc. Announces Exercise in Full and Closing of Option for Additional $15 Million Apr 22 2016 

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