Sale of Gran Tierra North Sea Limited
Gran Tierra agreed to sell North Sea subsidiary Gran Tierra North Sea Limited to NEO Energy for US$7.5 million.
- Sale consideration US$7.5 million
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CALGARY, Alberta , June 04, 2025 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced that a wholly owned subsidiary of the Company has signed an agreement to sell its wholly owned subsidiary, Gran Tierra North Sea Limited (“GTNSL”), to NEO Energy for total consideration of US$7.5 Million. NEO Energy is a private upstream company and a leading independent operator in the United Kingdom Continental Shelf.
GTNSL holds a 100% equity interest in UKCS licence P2358 which includes the Serenity Discovery.
Completion of the transaction is subject to certain customary conditions precedent, including consent from the North Sea Transition Authority in respect of the change of control of GTNSL. The transaction is expected to close sometime in the third quarter of 2025.
About Gran Tierra Energy Inc.
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