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Gran Tierra Energy Inc (GTE)

GTE on American Stock Exchange

2.54USD
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Maha Energy to acquire Gran Tierra's Brazilian operations
Monday, 6 Feb 2017 02:01am EST 

Maha Energy AB : To acquire Brazil business unit of Gran Tierra Energy Inc. via purchase of all of shares and outstanding intercompany debt of Gran Tierra Finance (Luxembourg) S.Á.R.L. . Cash consideration is $35 million plus financial guarantees (letters of credit or surety bonds) for certain work commitments totalling about $12 million . Acquisition to be financed via fully committed directed share issue of 91.7 million Swedish crowns (about $10.5 million) .Will also carry out rights issue of 12,919,326 shares at same price (7.10 crowns per share) as in directed share issue.  Full Article

Maha Energy to acquire Gran Tierra's Brazilian operations
Monday, 6 Feb 2017 02:01am EST 

Maha Energy AB : To acquire Brazil business unit of Gran Tierra Energy Inc. via purchase of all of shares and outstanding intercompany debt of Gran Tierra Finance (Luxembourg) S.Á.R.L. . Cash consideration is $35 million plus financial guarantees (letters of credit or surety bonds) for certain work commitments totalling about $12 million . Acquisition to be financed via fully committed directed share issue of 91.7 million Swedish crowns (about $10.5 million) .Will also carry out rights issue of 12,919,326 shares at same price (7.10 crowns per share) as in directed share issue.  Full Article

Gran Tierra Energy says estimated 2016 total capital expenditures $687.2 mln
Monday, 23 Jan 2017 06:00am EST 

Gran Tierra Energy Inc : Gran Tierra Energy Inc provides operational update . Gran Tierra Energy Inc - Q4 2016 WI average production was approximately 31,000 boepd, which represents a 34 percent increase . Gran Tierra Energy Inc - current WI production is approximately 32,000 boepd. . Gran Tierra - based on midpoint of 2017 WI production guidance of 34,000 to 38,000 boepd, forecasting a 16 percent increase over Q4 2016 production .Gran Tierra Energy Inc says estimated 2016 total capital expenditures $687.2 million.  Full Article

Gran Tierra announces status of Peruvian assets
Wednesday, 11 Jan 2017 11:40pm EST 

Gran Tierra Energy Inc : Gran Tierra Energy Inc announces status of Peruvian assets . Management of Gran Tierra is evaluating a proposal relating to company's assets in Peru . Gran Tierra Energy - proposal contemplates SpinCo would engage in external capital raising activities to fund ongoing development of Peruvian assets .Gran Tierra Energy - proposal will involve a spin-out of assets in Peru to a separate entity in which Gran Tierra will retain an equity interest.  Full Article

Gran Tierra Energy announces 2017 guidance
Monday, 19 Dec 2016 06:00am EST 

Gran Tierra Energy Inc : 2017 guidance includes 1,200 to 1,500 BOEPD of production from Brazil .Gran Tierra Energy Inc. announces 2017 guidance: Capital budget of $ 200-250 million expected to deliver 34,000-38,000 BOEPD with production growth of 25 to 40% over anticipated 2016 average.  Full Article

Gran Tierra Energy forecasts 2017 capital budget of $ 200-250 mln
Monday, 19 Dec 2016 06:00am EST 

Gran Tierra Energy Inc :Gran Tierra Energy Inc announces 2017 guidance: capital budget of US$ 200-250 million expected to deliver 34,000-38,000 boepd with production growth of 25 to 40 percent over anticipated 2016 average.  Full Article

Gran Tierra Energy announces two acquisitions in the Putumayo Basin
Monday, 28 Nov 2016 06:00am EST 

Gran Tierra Energy Inc : Gran Tierra Energy announces two successful strategic acquisitions in the Ecopetrol 2016 bidding round in the Putumayo Basin . Gran Tierra Energy intends to finance these acquisitions with cash on hand and available borrowings under its revolving credit facility . Gran Tierra Energy submitted winning bids totaling a combined $30.4 million for two blocks which Ecopetrol S.A. . Under terms of bid round, sale agreement relating to each block must be submitted to Ecopetrol by Dec 7, executed by Dec 22 .Gran Tierra Energy each assignment agreement would be subject to prior approval of Colombia's Agencia Nacional De Hidrocarburos.  Full Article

Gran Tierra Energy Inc announces U.S. $130 mln bought-deal public offering of common stock
Monday, 21 Nov 2016 04:48pm EST 

Gran Tierra Energy Inc - : Has entered into an agreement to sell 43.3 million shares of stock, on a bought deal basis, at a price of U.S. $3 per share . Intends to use net proceeds from offering to repay borrowings outstanding under company's revolving credit facility .Gran Tierra Energy Inc announces U.S. $130 million bought-deal public offering of common stock.  Full Article

Gran Tierra Energy Inc announces U.S. $130 mln bought-deal public offering of common stock
Monday, 21 Nov 2016 04:48pm EST 

Gran Tierra Energy Inc - : Has entered into an agreement to sell 43.3 million shares of stock, on a bought deal basis, at a price of U.S. $3 per share . Intends to use net proceeds from offering to repay borrowings outstanding under company's revolving credit facility .Gran Tierra Energy Inc announces U.S. $130 million bought-deal public offering of common stock.  Full Article

Gran Tierra Energy entered into fourth amendment to credit agreement
Wednesday, 16 Nov 2016 04:39pm EST 

Gran Tierra Energy Inc : Gran Tierra Energy Inc says on November 16, 2016, Gran Tierra Energy Inc entered into fourth amendment to credit agreement - SEC filing . Gran Tierra Energy Inc says fourth amendment increases borrowing base thereunder from $185 million to $250 million .Says co repaid its bridge loan facility in full using available borrowing capacity under co's credit agreement.  Full Article

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BRIEF-Gran Tierra announces status of Peruvian assets

* Management of Gran Tierra is evaluating a proposal relating to company's assets in Peru