Company Snapshot


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.

Gran Tierra believes in creating value for all of our stakeholders through oil and gas exploration and production, capitalizing on the global operating experience of our team. We are building a record of success in Colombia and Ecuador in a transparent, safe, secure and responsible way.


High-Quality Assets

  • 95% 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

High-Impact Exploration

  • 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


Operating Statistics
W.I. Production (Q2 2019) 35,340 BOEPD1

 

2018 W.I Reserves Metrics2
  1P 2P 3P
MMBOE 70 150 215
RLI (years)3 5 11 15
NPV10 BT (US $bn) $1.4 $2.8 $4.0
NPV10 AT (US $bn) $1.2 $2.2 $3.0
Mean Prospective Resources4   Risked Unrisked
  MMBOE 361 1,419

 

1 Colombia WI production.

2 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.

3 Calculated using average fourth quarter 2018 WI production of 38,156 BOEPD.

4 Based on July 31 2018 McDaniel Prospective Resource Report, excludes recent acquisitions and Ecuador.