Gran Tierra Extends Reserves Growth as Oil and Gas Prices Strengthen

Gran Tierra Energy Inc. reported its seventh straight year of reserves growth in South America, highlighting continued expansion of its proved developed producing (PDP) and 2P (proved plus probable) reserves base. The company now holds 2P reserves of 258 million barrels of oil equivalent (MMBOE) and estimates a reserve life index of 8 years for 1P and 15 years for 2P reserves. The net present value before tax discounted at 10% is assessed at $1.5 billion for 1P reserves and $2.5 billion for 2P reserves, underscoring sustained asset longevity and cash flow potential that may be relevant for investors tracking upstream exposure to benchmark crude and gas prices such as Oil – US Crude and Natural Gas.

Over the past month, Oil – US Crude has risen approximately 8.18%, reflecting a constructive backdrop for oil-weighted producers as prices remain supported by resilient demand and ongoing supply discipline. The 1-day technical outlook for US crude currently screens as a Buy, suggesting short-term momentum remains positive. In parallel, Natural Gas has advanced about 21.06% over the last month, a notably stronger move that may signal tightening fundamentals or shifting seasonal demand expectations; its 1-day technical reading also indicates a Buy bias. Investors can explore more updates, prices, and analysis across global markets at Commodities.