Gran Tierra Energy Inc. (CDI)

GTE · Main Market · Energy · mcap £283m · 865.0p 4 open situations →

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2026 Perico and Espejo acquisition October 2026 notes amortization Cohembi Raju-1 exploration well Offer for the company Free cash flow and deleveraging focus 2029 Notes exchange offer

Open · 4

Disposal of a part (break-up)◷ in 68 days

Perico and Espejo acquisition

Stockholders approved; regulatory approvals pending

Part of Offer for the company – offer

On 5 Aug 2026 Gran Tierra agreed to sell all its Colombia and Ecuador assets to Maurel & Prom for about $1.33bn total consideration. The 2031 Noteholders consented on 22 Sep 2026, and on 9 Oct 2026 stockholders approved the sale. Colombian and Ecuadorian regulatory approvals remain, with closing targeted around 31 Dec 2026.

Conditions: Colombian and Ecuadorian regulatory approvals and other customary closing conditions remain 9 Oct 2026 ↗
Noteholder consent: 2031 Notes holders' consent obtained 9 Oct 2026 ↗
Consent fee: Payable to consenting holders on the closing date of the Sale 22 Sep 2026 ↗
Board view: Board unanimously recommends stockholders approve the Share Purchase Agreement and the Sale 23 Sep 2026 ↗
Vote required: Majority of outstanding shares entitled to vote; Special Meeting 9 October 2026, 10:00 a.m. Mountain Time, virtual 23 Sep 2026 ↗
Record date: Close of business on 14 September 2026; proxies due by 10:00 a.m. Mountain Time on 8 October 2026 23 Sep 2026 ↗

Next: Colombian and Ecuadorian regulatory approvals; closing targeted around 31 Dec 2026 · 31 Dec 2026

9 Oct 2026 Assets in sale; stockholders approved
23 Sep 2026 Proxy filed; stockholder vote set for 9 October
22 Sep 2026 Noteholder consents obtained; other conditions pending
5 Aug 2026 Perico FDP approved; Espejo FDP pending

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Balance-sheet stress / refinancing◷ in 68 days

October 2026 notes amortization

2031 Notes consent in hand; sale closing pending

Follows from Perico and Espejo acquisition – Assets in sale; stockholders approved Includes 2029 Notes exchange offer – Exchange completed with about 88% participation, closed 3 Mar 2026

The sale agreement of 5 Aug 2026 provides for the purchaser to assume the 2029 and 2031 notes and for Gran Tierra to redeem the 2027 Notes from proceeds. The 2031 Notes consent was obtained on 22 Sep 2026. On 9 Oct 2026 stockholders approved the sale; closing is targeted around 31 Dec 2026.

Notes assumed: 2031 Notes and 2029 Notes assumed by purchaser 22 Sep 2026 ↗
Notes redeemed: 2027 Notes redeemed by company from proceeds 22 Sep 2026 ↗
2031 Notes consent: At least 50% of principal consented; effective 22 Sep 2026, operative at closing 22 Sep 2026 ↗
2031 consent: Requisite holder consents obtained, as confirmed 9 Oct 2026 9 Oct 2026 ↗
Closing: Targeted on or about 31 Dec 2026 9 Oct 2026 ↗

Next: Closing of the Sale, when the 2031 Notes amendments take effect · 31 Dec 2026

9 Oct 2026 2031 Notes consent in hand; sale closing pending
22 Sep 2026 2031 Notes consent obtained
5 Aug 2026 To be assumed by Maurel & Prom
10 Dec 2025 Planned from free cash flow and facilities

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Project milestones◷ in 69 days

Cohembi Raju-1 exploration well

Resource report issued; drilling planned 2027

Part of Perico and Espejo acquisition – Assets in sale; stockholders approved

With Lodgepole sold on 23 June 2026 and an asset exchange in Seal/Dawson, Gran Tierra is focusing its Canadian capital on the Dawson Clearwater and Mount Head plays, both 100% operated. McDaniel's report, effective 30 June 2026, assigns about 67 MMbbl of unrisked P50 prospective resources. Drilling is planned for 2027.

Resources: Dawson Clearwater: 2C ~6.5 MMbbl; P50 prospective ~55 MMbbl at Dawson Clearwater and ~12 MMbbl at Mount Head 5 Aug 2026 ↗
Mean basis: Unrisked prospective ~72 MMbbl; risked mean ~33 MMbbl 5 Aug 2026 ↗
Acreage: ~139 net Clearwater sections and 30 net Mount Head sections, ~108,000 net acres 5 Aug 2026 ↗
Interest: 100% working interest and operator at both plays 5 Aug 2026 ↗
Next milestone: Drilling activity focus in 2027 5 Aug 2026 ↗

Next: Dawson Clearwater and Mount Head drilling activity · 1 Jan 2027

5 Aug 2026 Six-well programme and Suroriente carry completed
8 May 2026 Raju-2 drilled; Pad 6 infill under way
3 Mar 2026 Raju-2 producing about 790 bopd; three wells remain
19 Feb 2026 EDPSA signed; legislative approval pending

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Takeover target

Offer for the company

offer

Includes Perico and Espejo acquisition – Assets in sale; stockholders approved Includes Perico and Espejo acquisition – Assets in sale; stockholders approved

23 Sep 2026 offer

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Closed · 2

Capital returnFree cash flow and deleveraging focus Superseded by sale of South America · 30 Oct 2025 – 5 Aug 2026 Balance-sheet stress / refinancing2029 Notes exchange offer Exchange completed with about 88% participation · 5 Feb 2026 – 3 Mar 2026

Company filings. Not investment advice.