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Gran Tierra Energy ( (GTE) ) just unveiled an update.
Gran Tierra Energy has announced the sale of its wholly owned subsidiary, Gran Tierra North Sea Limited, to NEO Energy for $7.5 million. This transaction, subject to customary conditions and expected to close in the third quarter of 2025, involves the transfer of a 100% equity interest in the UKCS licence P2358, which includes the Serenity Discovery. The sale aligns with Gran Tierra’s strategic focus on its core operations in Canada, Colombia, and Ecuador, potentially enhancing its market positioning by divesting non-core assets.
More about Gran Tierra Energy
Gran Tierra Energy Inc. is an independent international energy company focused on oil and natural gas exploration and production in Canada, Colombia, and Ecuador. The company is developing its existing portfolio of assets in these regions and seeks additional growth opportunities. Its common stock trades on the NYSE American, the Toronto Stock Exchange, and the London Stock Exchange under the ticker symbol GTE.
For an in-depth examination of GTE stock, go to TipRanks’ Stock Analysis page.