Gran Tierra Extends South American Reserves Growth Streak, Repositions Canadian Gas Portfolio

Gran Tierra Energy ( (GTE) ) has provided an update.

Gran Tierra Energy reported its seventh consecutive year of South American reserves growth for 2025, achieving more than 100% reserve replacement on a proved developed producing and proved plus probable basis and booking 2P reserves of 258 MMBOE. Despite a lower five‑year average Brent price driving a decline in net present value, the company’s reserves still carry a before-tax NPV10 of $1.5 billion for 1P and $2.5 billion for 2P, equating to before-tax net asset values per share of $22.63 (1P) and $51.09 (2P), with reserve life indices of 8 years (1P) and 15 years (2P). South America remains the company’s primary growth engine, underpinned by new discoveries, high-quality multi-zone reservoirs, and strategic Ecuador acquisitions, while Canadian natural gas volumes in the Glauconitic play were reclassified from reserves to contingent resources due to pricing assumptions, a move management frames as capital discipline that preserves upside leverage to higher gas prices. The company highlights a strong cash-flowing PDP base supporting debt reduction, significant contingent and prospective resources including sizable gas volumes, and a demonstrated ability to convert 2P reserves into producing barrels, reinforcing its long-term value proposition and operational flexibility across both oil and gas markets.

More about Gran Tierra Energy

Gran Tierra Energy Inc. is an independent international energy company focused on the exploration and production of oil and natural gas, with core operations in Canada, Colombia and Ecuador. The company has built a diversified portfolio across three countries and five basins, with a mix of mature producing assets, waterfloodable reservoirs, and material exploration and development opportunities in both oil and natural gas, particularly in South America and Canadian gas plays.

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