Gran Tierra Energy Inc. plans $240-280 million capital budget for 2025, focusing on production growth

From GlobeNewswire: 2025-01-23 17:45:06

Gran Tierra Energy Inc. announced a 2025 capital budget of $240-280 million and forecasted cash flow of $260-300 million. The 2025 plan includes 10-14 development wells and 6-8 high impact exploration wells, with a projected production of 47,000-53,000 BOEPD. The company aims to allocate up to 50% of its free cash flow to share buybacks. Gran Tierra achieved a 6% increase in total company production in 2024, totaling 34,710 BOEPD. The company’s budget will focus on growth in reserves and production across assets in Colombia, Ecuador, and Canada. Gran Tierra remains committed to safe and sustainable operations.



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