Gran Tierra Energy Inc. reported strong reserves growth and financial performance.

From GlobeNewswire: 2025-01-23 18:03:32

Gran Tierra Energy Inc. announced its 2024 year-end reserves, with record highs in total reserves. The company saw strong growth, adding 89 MMBOE 1P reserves and 159 MMBOE 2P reserves. Net Present Value increased to $2.0 billion (1P), $3.2 billion (2P) and $4.5 billion (3P). The company also achieved strong reserves replacement ratios, with 702% 1P, 1,249% 2P, and 1,500% 3P. Gran Tierra’s entry into Canada represents 46% of 1P and 51% of 2P reserves. The company forecasts a base case mid-point cash flow of $280 million for 2025. Gran Tierra’s success in 2024 is reflected in its strong financial performance and reserves growth.



Read more at GlobeNewswire: Gran Tierra Energy Inc. Reports Robust Reserves Replacement