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 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


High-Quality Assets

  • 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

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 BOEPD2

 

2018 W.I Reserves Metrics3
  1P 2P 3P
MMBOE 70 150 215
RLI (years)4 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 Resources5   Risked Unrisked
  MMBOE 361 1,419

 

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.