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Gran Tierra Energy Inc (GTE.TO)

GTE.TO on Toronto Stock Exchange

2.78CAD
17 Nov 2017
Change (% chg)

$0.05 (+1.83%)
Prev Close
$2.73
Open
$2.78
Day's High
$2.78
Day's Low
$2.75
Volume
416,866
Avg. Vol
461,825
52-wk High
$4.36
52-wk Low
$2.41

Latest Key Developments (Source: Significant Developments)

Gran Tierra Energy, unit, Bank of Nova Scotia and lenders party enter into ninth amendment to credit agreement
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Gran Tierra Energy Inc :Gran Tierra Energy - ‍on Nov. 10, 2017, co, co's unit, Bank of Nova Scotia, lenders party entered into ninth amendment to credit agreement - SEC filing​.Gran Tierra Energy Inc - ‍ninth amendment amends credit agreement, dated as of September 18, 2015​.Gran Tierra Energy Inc - ‍ninth amendment extends revolving credit maturity date from October 1, 2018 to November 10, 2020​.Gran Tierra Energy Inc - ‍ninth amendment to credit agreement reaffirms borrowing base as $300 million.  Full Article

Gran Tierra Energy to sell Peru business
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Gran Tierra Energy Inc :Gran Tierra announces agreement to sell Peru business.Gran Tierra Energy Inc - co, unit have entered into a share purchase agreement with Petrotal Ltd and Sterling Resources Ltd​.Gran Tierra Energy - Sterling and Petrotal entered into arrangement agreement under which Petrotal will complete a reverse take-over of Sterling​.Gran Tierra Energy Inc - ‍GTEIH agreed to sell all of issued and outstanding shares of its subsidiary, Gran Tierra Energy International Peru Holdings ​.Gran Tierra Energy Inc - under arrangement agreement between ‍sterling and Petrotal, Sterling and Petrotal will be amalgamated​.Gran Tierra Energy- ‍resulting entity to acquire co's unit as final step of arrangement for 187.3 million shares of resulting entity​.Gran Tierra Energy Inc - ‍at deal closing, GTEIH And Gran Tierra Resources Limited will enter into an investor rights agreement with Sterling​.  Full Article

Gran Tierra Energy Inc posts Q3 net income per share $0.01 ‍​
Friday, 3 Nov 2017 

Nov 2 (Reuters) - Gran Tierra Energy Inc :Gran Tierra Energy Inc - qtrly net income per share $0.01 ‍​.Gran Tierra Energy Inc - increased qtrly total company average production to 32,570 boepd, 26 percent higher versus Q3 2016.Gran Tierra Energy Inc - qtrly oil and gas sales increased by 4 pct compared with the prior quarter to 27,447 boepd‍​.  Full Article

Gran Tierra to enter into an amendment to terms of existing credit facility
Tuesday, 30 Aug 2016 

Gran Tierra Energy Inc : On August 23, 2016 co entered into an amendment to terms of existing credit facility .Amendment to add a bridge term loan facility pursuant to which lenders will provide $130 million in secured bridge loan financing.  Full Article

Gran Tierra Energy Q2 loss per share $0.21
Monday, 8 Aug 2016 

Gran Tierra Energy Inc : Gran Tierra Energy Inc announces second quarter 2016 . Q2 loss per share $0.21 . results highlighted by continued balance sheet strength and transformational acquisition .Q2 earnings per share view $-0.04 -- Thomson Reuters I/B/E/S.  Full Article

Gran Tierra Energy Inc reported Q2 EPS($0.21)
Monday, 8 Aug 2016 

Gran Tierra Energy Inc : Gran Tierra continues to expect 2016 production to average between 27,500 and 29,000 BOEPD WI before royalties . Sales volumes for quarter were 22,418 BOEPD compared with 25,430 BOEPD in prior quarter . Q2 earnings per share view $-0.04, revenue view $80.8 million -- Thomson Reuters I/B/E/S . Qtrly oil and gas sales $71.7 million versus $69.4 million .Qtrly loss per share $0.21.  Full Article

Gran Tierra Energy Q2 loss per share $0.21
Monday, 8 Aug 2016 

Gran Tierra Energy Inc : Gran Tierra Energy Inc announces second quarter 2016 results highlighted by continued balance sheet strength and transformational acquisition . Q2 earnings per share view $-0.04 -- Thomson Reuters I/B/E/S .Q2 loss per share $0.21.  Full Article

Gran Tierra Energy Inc. announces strategic US$525 million acquisition of Petrolatina Energy
Friday, 1 Jul 2016 

Gran Tierra Energy Inc : Gran Tierra Energy Inc. announces strategic US$525 million acquisition of Petrolatina Energy Ltd. in Colombia . Deal expected to be funded through combination of co's current cash balance, new $130 million debt facility, and a private placement . Says acquisition has been unanimously approved by board of directors of Gran Tierra . Under terms, all remaining shares of Petrolatina are acquired pursuant to provisions of articles of association of co upon closing . Consideration for deal to consist of initial payment of $500 million at closing, and a deferred payment of $25 million prior to december 31, 2016 . In connection with deal, Gran Tierra has agreed to issue up to 57.8 million subscription receipts priced at $3.00 per subscription receipt .Entered into commitment letter with Scotiabank, its lead lender, to provide up to $130 million in bridge financing to fund portion of deal.  Full Article

Gran Tierra Energy says entered second amendment to a credit agreement
Saturday, 4 Jun 2016 

Gran Tierra Energy Inc : On June 2, 2016, co entered into a second amendment to its credit agreement, dated Aeptember 18, 2015 - SEC filing . Second amendment amended credit agreement to also decrease amount of permitted senior debt from $600 million to $500 million .Second amendment amended credit agreement to decrease borrowing base under credit agreement from $200 million to $185 million.  Full Article

Gran Tierra Energy says increases 2016 capital budget to $140 mln-$150 mln
Wednesday, 1 Jun 2016 

Gran Tierra Energy Inc : Gran tierra energy inc. Announces increase in 2016 exploration capital budget, hedging program, credit facilities update and an operations update . Increasing its base 2016 capital budget by $33 million to $43 million to a revised total of $140 million to $150 million . Gran tierra's 2016 production guidance remains unchanged . Company's previously announced base capital budget was $107 million .Committed borrowing base under gran tierra's credit facility has been modestly reduced from previous $200 million to $185 million.  Full Article