Gran Tierra to divest remaining interest in Simonette asset for C$62.5M

Gran Tierra (GTE) announced that it has entered into a purchase and sale agreement to sell its remaining working interest in the Simonette asset for total cash consideration of C$62.5M and will have an effective date of January 1. The transaction completes Gran Tierra’s exit from Simonette and will deliver cash proceeds that will be directed toward deleveraging the balance sheet. Closing of the transaction is expected to occur during the first quarter of 2026, subject to the satisfaction of customary closing conditions.