Key Developments: Gran Tierra Energy Inc (GTE)

GTE on American Stock Exchange

2.03USD
9 Feb 2016
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$-0.03 (-1.46%)
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Latest Key Developments (Source: Significant Developments)

Gran Tierra Energy Inc to acquire all of Petroamerica's issued and outstanding shares
Thursday, 12 Nov 2015 11:59pm EST 

Gran Tierra Energy Inc and Petroamerica Oil Corp:Entered into an arrangement agreement dated November 12, 2015.Whereby Gran Tierra has agreed to acquire all of the issued and outstanding common shares of Petroamerica by way of a statutory plan of arrangement under the Business Corporations Act (Alberta).Under the terms of the Arrangement Agreement, Petroamerica shareholders will receive, at their election, either 0.40 of a Gran Tierra common share or C$1.33 in cash for each Petroamerica share, subject to a maximum of 70 percent of the consideration payable in cash.If Petroamerica shareholders elect to accept all share consideration, Gran Tierra expects to issue 43.6 million common shares.Gran Tierra will also be assuming the net positive working capital of Petroamerica, estimated at $25 million as at October 31, 2015, after accounting for severance and transaction costs, and including previously restricted cash which Gran Tierra expects to replace with letters of credit.Based on a 5-day volume weighted average trading price of C$3.32 per Gran Tierra common share on the facilities of the TSX, the transaction value including working capital and accounting for severance and transaction costs is $84 million.  Full Article

Gran Tierra Energy Inc gives FY 2015 production guidance
Wednesday, 5 Aug 2015 06:00am EDT 

Gran Tierra Energy Inc:Anticipates FY 2015 production to average between 22,500 and 23,500 BOEPD WI before royalties, or between 18,400 and 19,400 BOEPD NAR before adjustments for inventory changes and losses.  Full Article

Gran Tierra Energy Inc announces chief executive officer change - Form 8-K
Friday, 26 Jun 2015 06:03am EDT 

Gran Tierra Energy Inc:Says that Gary S. Guidry was appointed as president and chief executive officer of Gran Tierra.Says Guidry replaces Duncan Nightingale in that role, who has been serving as interim chief executive officer since Feb. and, with appointment of Guidry as chief executive officer, has been designated as executive vice president of Gran Tierra.  Full Article

Gran Tierra Energy Inc appoints CFO
Monday, 11 May 2015 04:30am EDT 

Gran Tierra Energy Inc:Says Ryan Ellson has joined company as Chief Financial Officer.  Full Article

Gran Tierra Energy Inc announces senior management change
Monday, 2 Feb 2015 08:00pm EST 

Gran Tierra Energy Inc:Announced that the employment of its Chief Executive Officer and President Dana Coffield has been terminated.Says that Coffield tendered his resignation from the Board of Directors, effective immediately.The Board has appointed Chief Operating Officer Duncan Nightingale, as interim President and Chief Executive Officer, Jeffrey Scott as the Executive Chair of the Board.  Full Article

Gran Tierra Energy Inc gives FY 2015 production outlook
Thursday, 11 Dec 2014 06:00am EST 

Gran Tierra Energy Inc:Expects FY 2015 production to average between 26,000 and 27,000 barrels of oil equivalent per day (BOEPD) gross working interest (WI) or between 21,000 and 22,000 BOEPD net after royalty (NAR) assuming an average Brent oil price of $60 per barrel used for FY 2015 Budget purposes.  Full Article

Gran Tierra Energy Inc gives FY 2014 production guidance
Wednesday, 6 Aug 2014 12:01am EDT 

Gran Tierra Energy Inc:Sees FY 2014 average production from continuing operations to range between 26,000 BOEPD and 27,000 BOEPD gross WI, or between 19,500 and 20,500 BOEPD NAR before adjustments for inventory changes and losses.  Full Article

Gran Tierra Energy closes sale of Argentina Business
Wednesday, 25 Jun 2014 05:30pm EDT 

Gran Tierra Energy Inc:Announces it has closed the sale of its Argentina business and provides a corporate update.  Full Article

Gran Tierra Energy Inc enters into agreement to sell argentina business
Thursday, 29 May 2014 04:35pm EDT 

Gran Tierra Energy Inc:Enters into agreements where by Madalena Energy Inc. has agreed to acquire Gran Tierra Energy's Argentina business unit for aggregate consideration of about $69 mln.Says comprised of $49 mln in cash, $14 mln in Madalena shares, and expected working capital adjustments of about $6 mln.Gran Tierra Energy has received deposit of $12.6 mln and Madalena is expected to raise remainder of cash required to complete transaction pursuant to a subscription receipt offering on a bought deal basis.Closing date is expected to be on or before June 30.J.P. Morgan Securities LLC is acting as exclusive financial advisor to Gran Tierra Energy in connection with this transaction.  Full Article

Gran Tierra Energy Inc reaffirms FY 2014 production guidance
Wednesday, 7 May 2014 01:30am EDT 

Gran Tierra Energy Inc:Anticipate FY 2014 average production to range between 23,500 and 24,500 BOEPD.  Full Article

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