Gran Tierra Energy Signals Upcoming Financial & Operational Disclosures

TL;DR

**Gran Tierra Energy is about to drop some big financial news, so keep an eye out!**

AI Summary

Gran Tierra Energy Inc. filed an 8-K on February 1, 2024, indicating that it will be disclosing information related to its 'Results of Operations and Financial Condition' and 'Other Events'. While the filing itself doesn't contain specific dollar amounts or dates beyond the filing date, it signals that important financial updates are forthcoming. This matters to investors because these future disclosures will provide crucial insights into the company's recent financial performance and any significant operational changes, directly impacting the stock's valuation and future prospects.

Why It Matters

This filing acts as a heads-up that Gran Tierra Energy will soon release key financial results and other significant news, which could move the stock price.

Risk Assessment

Risk Level: low — This 8-K is a procedural filing announcing future disclosures, not a disclosure of negative events, thus posing low immediate risk.

Analyst Insight

A smart investor would add Gran Tierra Energy Inc. to their watchlist and set alerts for upcoming financial news releases, as this 8-K indicates significant disclosures are imminent.

Key Numbers

• 001-34018 — Commission File Number (identifies Gran Tierra Energy Inc. with the SEC)
• 98-0479924 — IRS Employer Identification No. (identifies Gran Tierra Energy Inc. for tax purposes)
• (403) 265-3221 — Registrant’s Telephone Number (contact information for Gran Tierra Energy Inc.)

Key Players & Entities

• GRAN TIERRA ENERGY INC. (company) — the registrant filing the 8-K
• February 1, 2024 (date) — date of earliest event reported and filing date
• Delaware (company) — state of incorporation for Gran Tierra Energy Inc.
• 001-34018 (dollar_amount) — Commission File Number
• 500 Centre Street S.E. Calgary , Alberta , Canada T2G 1A6 (company) — address of Principal Executive Offices

Forward-Looking Statements

• Gran Tierra Energy Inc. will release its full financial results for the period ending December 31, 2023, shortly after this 8-K. (GRAN TIERRA ENERGY INC.) — high confidence, target: 2024-02-29
• The 'Other Events' item will likely include details on operational updates or strategic initiatives. (GRAN TIERRA ENERGY INC.) — medium confidence, target: 2024-02-29

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share GTE NYSE American Toront
• $218.9 million — ed December 31, 2023 were approximately $218.9 million. Estimated net debt (*) at December 3
• $510.8 m — t December 31, 2023 was approximately US$510.8 million, comprised of senior notes outsta
• $536.6 million — omprised of senior notes outstanding of $536.6 million (gross) plus $36.4 million (gross) of b
• $36.4 million — standing of $536.6 million (gross) plus $36.4 million (gross) of borrowings outstanding under
• $62.2 million — ility less cash and cash equivalents of $62.2 million. Oil sales for the fourth quarter of
• $154.9 m — urth quarter of 2023 is estimated to be $154.9 million, or $54.04 per bbl, per WI sales
• $54.04 — 3 is estimated to be $154.9 million, or $54.04 per bbl, per WI sales volume. Operati
• $103.4 m — urth quarter of 2023 is estimated to be $103.4 million, or $36.05 per bbl, per working i
• $36.05 — 3 is estimated to be $103.4 million, or $36.05 per bbl, per working interest productio
• $637.0 million — ed December 31, 2023 is estimated to be $637.0 million. Operating expenses for the year ende
• $186.9 million — ed December 31, 2023 is estimated to be $186.9 million. Transportation expenses for the year
• $14.6 million — ed December 31, 2023 is estimated to be $14.6 million. Operating netback (*) for the year e
• $435.5 million — ed December 31, 2023 is estimated to be $435.5 million. Adjusted EBITDA (*) for the year end
• $390 million — ber 31, 2023 is estimated to be between $390 million to $410 million. (*) Each of net debt

Filing Documents

• tm244391d1_8k.htm (8-K) — 124KB
• tm244391d1_ex23-1.htm (EX-23.1) — 5KB
• tm244391d1_ex99-1.htm (EX-99.1) — 58KB
• 0001104659-24-009143.txt ( ) — 383KB
• gte-20240201.xsd (EX-101.SCH) — 3KB
• gte-20240201_lab.xml (EX-101.LAB) — 33KB
• gte-20240201_pre.xml (EX-101.PRE) — 22KB
• tm244391d1_8k_htm.xml (XML) — 4KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. The disclosures set forth in Item 8.01 are incorporated by reference into this Item 2.02.

01. Other Events

Item 8.01. Other Events. Gran Tierra Energy Inc., a Delaware corporation (" Gran Tierra " or the " Company ") is hereby presenting information regarding its oil and natural gas reserves at December 31, 2023 and certain operational updates regarding the fourth quarter and the year ended December 31, 2023. Reserves Information Gran Tierra's 2023 reserves were independently prepared by McDaniel & Associates Consultants Ltd. (" McDaniel "). See "Glossary" for definitions of industry terms and abbreviations. All dollar amounts are presented in U.S. dollars. The following table sets forth Gran Tierra's estimated reserves NAR as of December 31, 2023. Oil Natural Gas Oil and Natural Gas Reserves Category (Mbbl) (MMcf) (MBOE) Proved Total proved developed reserves 39,599 — 39,599 Total proved undeveloped reserves 34,697 — 34,697 Total proved reserves 74,296 — 74,296 Probable Total probable developed reserves 12,139 — 12,139 Total probable undeveloped reserves 34,109 — 34,109 Total probable reserves 46,248 — 46,248 Possible Total possible developed reserves 11,362 — 11,362 Total possible undeveloped reserves 37,144 — 37,144 Total possible reserves 48,506 — 48,506 The product prices that were used to determine the future gross revenue for each property reflect adjustments to the benchmark prices for gravity, quality, local conditions and/or distance from market. The average realized prices for reserves in the report are: Oil (USD/bbl) – Colombia $ 69.91 Oil (USD/bbl) – Ecuador $ 77.44 1 Operations Update The following table sets forth select estimated operational data for Gran Tierra for the year ended December 31, 2023. Year Ended December 31, 2023 % Change 2022 % Change 2021 SEC Compliant Reserves, NAR (MMBOE) Estimated proved oil and gas reserves 74 12 66 (1 ) 67 Estimated probable oil and gas reserves 46 28 36 — 36 Estimated possible oil and gas reserves 49 26 39

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 23.1 Consent of McDaniel & Associates Consultants Ltd. 99.1 Gran Tierra Energy Inc. Reserves Assessment and Evaluation of Oil and Gas Properties Corporate Summary, effective December 31, 2023. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. 3 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This Current Report on Form 8-K contains opinions, forecasts, projections, plans, and other statements about future events or results that constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and financial outlook and forward looking information within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"), which can be identified by such terms as "expect," "plan," "can," "will," "should," "guidance," "estimate," "forecast," "signal," "progress," "anticipate," and "believes," derivations thereof and similar terms identify forward-looking statements. The forward-looking statements contained in this Current Report on Form 8-K reflect several material factors and expectations and assumptions of Gran Tierra including, without limitation, that Gran Tierra will continue to conduct its operations in a manner consistent with its current expectations, the accuracy of testing and production results and seismic data, pricing and cost estimates (including with respect to commodity pricing and exchange rates), rig availability, the effects of drilling down-dip, the effects of waterflood and multi-stage fracture stimulation operations, the extent and effect of delivery disruptions, and the general continuance of current or, where applicable, assumed operational, regulatory and in

View Full Filing

View this 8-K filing on SEC EDGAR