Record Production Levels
Gran Tierra achieved record production of approximately 47,200 BOE per day in Q2 2025, an increase of 1% from the prior quarter and 44% higher than Q2 2024.
Lowest Operating Costs Since 2022
Operating expenses decreased by 17% compared to Q2 2024 and 16% compared to the prior quarter, resulting in the lowest operating cost per BOE since early 2022.
Successful Drilling and Waterflood Execution
Successful development drilling at Cohembi and Costayaco in Colombia, with waterflood execution leading to improved production results.
Enhanced Liquidity
The company has $61 million cash on hand and approximately $112 million in credit facilities, with strategic initiatives to strengthen liquidity including potential asset sales and a $200 million prepayment facility.
Positive Hedge Gains
Gran Tierra reported a $14 million derivative hedging gain during the quarter, illustrating effective risk management.