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Key Developments: Gran Tierra Energy Inc (GTE)

GTE on American Stock Exchange

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25 May 2016
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Latest Key Developments (Source: Significant Developments)

Gran Tierra Energy Inc announces pricing of $100 million convertible senior notes offering
Thursday, 31 Mar 2016 10:57pm EDT 

Gran Tierra Energy Inc:Priced its offering of $100 million aggregate principal amount of 5.0% Convertible Senior Notes due 2021 in a private placement to qualified institutional buyers.Estimates that the net proceeds from the offering will be approximately $95.4 million.Intends to use the net proceeds from this sale of the Convertible Notes for general corporate purposes, which may include acquisitions and/or capital expenditures.  Full Article

Gran Tierra Energy Inc announces private offering of $100 million of convertible senior notes due 2021
Wednesday, 30 Mar 2016 05:40pm EDT 

Gran Tierra Energy Inc:Intends, subject to market and other conditions to offer $100 million aggregate principal amount of convertible senior notes due 2021.Intends to use the net proceeds from this sale of the Convertible Notes for general corporate purposes, which may include acquisitions and/or capital expenditures.  Full Article

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

BRIEF-Gran Tierra reports Q1 loss per share of $0.15

* Gran tierra energy inc. Announces first quarter 2016 results highlighted by 11% quarterly production growth and balance sheet strength