Gran Tierra Energy Inc. (CDI) (GTE): Perico and Espejo acquisition
This situation live
GTE Gran Tierra Energy Inc. (CDI)
10 Dec 2025 · Closed; post-closing regulatory steps pending · +24% until the next step
The transaction shall follow with customary post-closing regulatory requirements including the authorization of the amendment of the underlying Perico and Espejo block contracts after the approval of
29 Jan 2026 · Perico integrated; FDPs under regulatory review · +68% until the next step
In addition, the Perico and Espejo FDPs associated with the previously announced acquisition, have been submitted and are currently undergoing the regulatory review process.
5 Aug 2026 · Definitive agreement signed; approvals pending · +7% until the next step
Subject to satisfaction of these conditions, the Transaction is targeted to close on or about December 31, 2026, with an economic effective date of March 31, 2026.
5 Aug 2026 · Perico FDP approved; Espejo FDP pending · +7% until the next step
Gran Tierra received government approval of three additional field development plans in June 2026 for Charapa, Conejo and Perico fields, bringing total approvals to five of the Company's six fields.
22 Sep 2026 · Noteholder consents obtained; other conditions pending · −1% until the next step
On September 22, 2026, the Company, the Note Guarantors and the Trustee executed a supplemental indenture (the “Supplemental Indenture”) to effect the Proposed Amendments in accordance with the Consen
23 Sep 2026 · Proxy filed; stockholder vote set for 9 October · +4% until the next step
The Special Meeting will be held virtually on October 9, 2026 at 10:00 a.m. Mountain Time (12:00 p.m. Eastern Time).
9 Oct 2026 · Stockholders approved; regulatory approvals pending · +12% since
Gran Tierra continues to target closing of the Sale on or about December 31, 2026.
Perico and Espejo acquisition
Stockholders approved; regulatory approvals pending
DEC31
Next: Colombian and Ecuadorian regulatory approvals; closing targeted around 31 Dec 2026 in 68 days
Every step · 7
- 10 Dec 2025 Closed; post-closing regulatory steps pending – The transaction shall follow with customary post-closing regulatory requirements including the authorization of the amendment of the underlying Perico and... ↗
- 29 Jan 2026 Perico integrated; FDPs under regulatory review – In addition, the Perico and Espejo FDPs associated with the previously announced acquisition, have been submitted and are currently undergoing the... ↗
- 5 Aug 2026 Definitive agreement signed; approvals pending – Subject to satisfaction of these conditions, the Transaction is targeted to close on or about December 31, 2026, with an economic effective date of March 31, 2026. ↗
- 5 Aug 2026 Perico FDP approved; Espejo FDP pending – Gran Tierra received government approval of three additional field development plans in June 2026 for Charapa, Conejo and Perico fields, bringing total... ↗
- 22 Sep 2026 Noteholder consents obtained; other conditions pending – On September 22, 2026, the Company, the Note Guarantors and the Trustee executed a supplemental indenture (the “Supplemental Indenture”) to effect the... ↗
- 23 Sep 2026 Proxy filed; stockholder vote set for 9 October – The Special Meeting will be held virtually on October 9, 2026 at 10:00 a.m. Mountain Time (12:00 p.m. Eastern Time). ↗
- 9 Oct 2026 Stockholders approved; regulatory approvals pending – Gran Tierra continues to target closing of the Sale on or about December 31, 2026. ↗
What is happening
Gran Tierra Energy Inc. (CDI): Perico and Espejo acquisition – Stockholders approved; regulatory approvals pending. ['Stockholders approved; regulatory approvals pending']
- In short
- 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.
- Announced
- 10 Dec 2025 · Closed; post-closing regulatory steps pending
- Latest
- 9 Oct 2026 · Assets in sale; stockholders approved
- Conditions
- Colombian and Ecuadorian regulatory approvals and other customary closing conditions remain
- Noteholder consent
- 2031 Notes holders' consent obtained
- Consent fee
- Payable to consenting holders on the closing date of the Sale
- Board view
- Board unanimously recommends stockholders approve the Share Purchase Agreement and the Sale
- Vote required
- Majority of outstanding shares entitled to vote; Special Meeting 9 October 2026, 10:00 a.m. Mountain Time, virtual
- Record date
- Close of business on 14 September 2026; proxies due by 10:00 a.m. Mountain Time on 8 October 2026
- Vote
- 9 Oct 2026: 19,351,115 for, 32,492 against, 7,328 abstain
- Next milestone
- Closing targeted on or about 31 Dec 2026
What comes next
Colombian and Ecuadorian regulatory approvals; closing targeted around 31 Dec 2026 (31 Dec 2026).
From the company's own announcements. Not investment advice.
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Balance-sheet stress / refinancingOctober 2026 notes amortization – 2031 Notes consent in hand; sale closing pending
Takeover targetOffer for the company – offer
Project milestonesCohembi Raju-1 exploration well – Resource report issued; drilling planned 2027
Capital returnFree cash flow and deleveraging focus – Superseded by sale of South America · closed
Balance-sheet stress / refinancing2029 Notes exchange offer – Exchange completed with about 88% participation · closed
Gran Tierra Energy Inc. (CDI) – company page →