Gran Tierra Energy Inc. (GTE): Business Model Canvas

In der dynamischen Welt der Energieexploration entwickelt sich Gran Tierra Energy Inc. (GTE) zu einem strategischen Kraftpaket, das sich durch die komplexen Landschaften der südamerikanischen Erdölmärkte bewegt. Mit einem messerscharfen Fokus auf nachhaltige und effiziente Energieproduktion transformiert dieses innovative Unternehmen die traditionelle Öl- und Gasexploration durch ein sorgfältig ausgearbeitetes Geschäftsmodell, das technologische Leistungsfähigkeit, Umweltverantwortung und strategische Marktpositionierung in Einklang bringt. Durch die Nutzung nachgewiesener Reserven in Kolumbien und Peru demonstriert GTE einen außergewöhnlichen Ansatz zur Ressourcengewinnung, der über den bloßen Rohstoffhandel hinausgeht und Investoren und Stakeholdern eine überzeugende Darstellung betrieblicher Exzellenz und zukunftsweisender Energielösungen verspricht.

Gran Tierra Energy Inc. (GTE) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Allianzen mit lokalen Regierungen in Kolumbien und Peru

Gran Tierra Energy Inc. hat strategische Partnerschaften mit lokalen Regierungen in wichtigen operativen Regionen aufgebaut:

Land	Regierungsbehörde	Partnerschaftsfokus	Aktiv seit
Kolumbien	Agencia Nacional de Hidrocarburos (ANH)	Explorations- und Produktionsverträge	2007
Peru	Perupetro S.A.	Block 95-Explorationsabkommen	2016

Joint-Venture-Vereinbarungen mit internationalen Öl- und Gasexplorationsunternehmen

Gran Tierra Energy unterhält strategische Joint-Venture-Partnerschaften:

Partnerunternehmen	Standort	Eigentumsprozentsatz	Projekttyp
Parex-Ressourcen	Kolumbien	50%	Erkundungsblock
GeoPark Limited	Kolumbien	40%	Produktionsteilungsvertrag

Serviceverträge mit Anbietern von Bohr- und Explorationstechnologie

Zu den wichtigsten Technologie- und Servicepartnerschaften gehören:

• Schlumberger Limited – Bohrtechnologiedienstleistungen
• Halliburton Company – Geophysikalische Explorationsdienste
• Baker Hughes – Well Completion Technologies

Partnerschaften mit Umwelt- und Nachhaltigkeitsberatungsunternehmen

Gran Tierra Energy arbeitet mit Umweltberatungsorganisationen zusammen:

Beratungsunternehmen	Nachhaltigkeitsfokus	Engagement-Typ
Umweltressourcenmanagement (ERM)	Umweltverträglichkeitsprüfungen	Laufende Beratung
SNC-Lavalin-Gruppe	Strategie zur Reduzierung der CO2-Emissionen	Projektbasierte Beratung

Gran Tierra Energy Inc. (GTE) – Geschäftsmodell: Hauptaktivitäten

Exploration und Produktion von Rohöl und Erdgas

Ab 2024 ist Gran Tierra Energy hauptsächlich in Kolumbien tätig, wobei sich die Produktion auf die folgenden Schlüsselkennzahlen konzentriert:

Produktionsmetrik	Wert
Durchschnittliche Tagesproduktion	18.000–20.000 Barrel Öläquivalent pro Tag (boepd)
Betriebene Blöcke	5 primäre Explorations- und Produktionsblöcke in Kolumbien
Nachgewiesene Reserven	Ungefähr 47,4 Millionen Barrel Öläquivalent

Bohren und Erschließen neuer Ölquellen

Zu den Bohraktivitäten von Gran Tierra Energy im Jahr 2024 gehören:

• Gezielte Bohrung von 10-12 neuen Entwicklungsbohrungen
• Investitionszuweisung von etwa 80–90 Millionen US-Dollar für Bohrarbeiten
• Konzentrieren Sie sich auf kostengünstige Explorationsziele mit hoher Rendite in bestehenden Betriebsgebieten

Reservoirmanagement und -optimierung

Zu den wichtigsten Strategien für das Reservoirmanagement gehören:

Optimierungstechnik	Implementierungsdetails
Verbesserte Ölrückgewinnung	Wasserflutungs- und Gasinjektionstechniken in ausgereiften Feldern
Verwaltung der Ablehnungsrate	Implementierung fortschrittlicher Produktionstechniken zur Minimierung von Produktionsrückgängen
Technologieinvestitionen	5–7 Millionen US-Dollar werden für fortschrittliche Technologien zur Reservoirüberwachung bereitgestellt

Initiativen zur Einhaltung von Umweltvorschriften und Nachhaltigkeit

Umweltschwerpunkte für 2024:

• Ziel zur Reduzierung der CO2-Emissionen um 15 % im Vergleich zum Basisjahr 2022
• Investition von 10–12 Millionen US-Dollar in Technologien zur Umweltüberwachung und -minderung
• Einhaltung kolumbianischer Umweltvorschriften und internationaler Nachhaltigkeitsstandards

Risikomanagement und strategische Planung

Der Risikomanagementansatz umfasst:

Risikokategorie	Minderungsstrategie
Preisvolatilität	Absicherung von ca. 50–60 % der Produktion zu strategischen Preisen
Operationelles Risiko	Aufrechterhaltung von Betriebsreserven in Höhe von 50 bis 60 Millionen US-Dollar
Geopolitisches Risiko	Diversifizierung innerhalb kolumbianischer Einsatzgebiete

Gran Tierra Energy Inc. (GTE) – Geschäftsmodell: Schlüsselressourcen

Nachgewiesene Ölreserven

Zum 31. Dezember 2022 betrugen die gesamten nachgewiesenen Reserven von Gran Tierra Energy:

Standort	Rohöl (Fässer)	Erdgasäquivalent (Fässer)
Kolumbien	25,9 Millionen	4,5 Millionen
Peru	3,1 Millionen	0,6 Millionen

Explorationstechnologien

Gran Tierra Energy nutzt fortschrittliche technologische Ressourcen:

• 3D-seismische Bildgebungssysteme
• Proprietäre geologische Kartierungssoftware
• Fortschrittliche Bohrtechnologie

Fähigkeiten der Belegschaft

Personalstatistik Stand 2022:

Kategorie	Anzahl der Mitarbeiter
Gesamtzahl der Mitarbeiter	330
Erdölingenieure	85
Geologen	42

Finanzkapital

Finanzielle Ressourcen ab Q4 2022:

• Gesamtvermögen: 625,3 Millionen US-Dollar
• Zahlungsmittel und Zahlungsmitteläquivalente: 45,2 Millionen US-Dollar
• Gesamtverschuldung: 369,8 Millionen US-Dollar

Betriebsinfrastruktur

Betriebsvermögen in südamerikanischen Märkten:

Asset-Typ	Nummer
Produktionsanlagen	12
Bohrinseln	6
Erkundungsblöcke	17

Gran Tierra Energy Inc. (GTE) – Geschäftsmodell: Wertversprechen

Nachhaltige und effiziente Energieproduktion in Südamerika

Gran Tierra Energy ist in Kolumbien mit den folgenden Produktionskennzahlen tätig:

Produktionsmetrik	Daten für 2023
Durchschnittliche Tagesproduktion	26.135 Barrel Öläquivalent pro Tag
Insgesamt nachgewiesene Reserven	44,7 Millionen Barrel Öläquivalent
Betriebsregionen	Putumayo-Becken, Magdalena-Becken, Cesar-Becken

Hochwertiges Rohöl- und Erdgasportfolio

Die Zusammensetzung des Portfolios umfasst:

• Rohölqualitäten: schweres und mittleres Rohöl
• Produktionsaufteilung: 95 % Rohöl, 5 % Erdgas
• Vermögenskonzentration: 100 % in Kolumbien

Konzentrieren Sie sich auf betriebliche Exzellenz und kosteneffiziente Extraktion

Kostenmetrik	Leistung 2023
Betriebskosten	10,80 $ pro Barrel
Findungs- und Entwicklungskosten	14,50 $ pro Barrel
Gesamtinvestitionen	86,2 Millionen US-Dollar

Engagement für Umweltverantwortung

• Ziel zur Reduzierung der Treibhausgasemissionen: 20 % bis 2025
• Wasserrecyclingrate: 65 %
• Lokale Gemeinschaftsinvestitionen: 3,2 Millionen US-Dollar im Jahr 2023

Wettbewerbsfähige Preise und zuverlässige Energieversorgung

Preismetrik	Daten für 2023
Durchschnittlicher realisierter Ölpreis	65,37 $ pro Barrel
Jahresumsatz	370,6 Millionen US-Dollar
Nettoeinkommen	42,3 Millionen US-Dollar

Gran Tierra Energy Inc. (GTE) – Geschäftsmodell: Kundenbeziehungen

Langfristige Verträge mit nationalen und internationalen Energieeinkäufern

Gran Tierra Energy Inc. unterhält strategische langfristige Erdölverträge mit wichtigen Abnehmern in Kolumbien und Peru. Ab 2023 hat das Unternehmen Verträge mit:

Land	Anzahl aktiver Verträge	Jährlicher Vertragswert
Kolumbien	7 langfristige Verträge	124,6 Millionen US-Dollar
Peru	3 langfristige Verträge	42,3 Millionen US-Dollar

Direktvertrieb und Beziehungsmanagement mit Erdölraffinerien

Gran Tierra Energy implementiert Direktvertriebsstrategien mit Erdölraffinerien durch:

• Dedizierte Account-Management-Teams
• Vierteljährliche Leistungsbeurteilungstreffen
• Maßgeschneiderte Lieferpläne für Erdöl

Raffineriebeziehungen	Gesamtes Erdölvolumen	Durchschnittliche Vertragsdauer
Direkte Raffineriepartnerschaften	18.500 Barrel pro Tag	5,2 Jahre

Digitale Plattformen für Kundenbindung und Kommunikation

Gran Tierra Energy nutzt digitale Plattformen mit folgenden Spezifikationen:

• Kundenportal-Engagement: 92 % digitale Interaktionsrate
• Echtzeit-Produktionsverfolgungssysteme
• Sicheres Online-Vertragsmanagement

Transparente Berichterstattung und Stakeholder-Kommunikation

Zu den Berichtskennzahlen für die Stakeholder-Kommunikation gehören:

Berichtsmetrik	Häufigkeit	Transparenzwert
Finanzielle Offenlegungen	Vierteljährlich	94 % Konformitätsbewertung
Nachhaltigkeitsberichte	Jährlich	87 % umfassende Offenlegung

Maßgeschneiderte Energielösungen für Industrie- und Gewerbekunden

Maßgeschneidertes Energielösungsportfolio:

• Maßgeschneiderte Verträge zur Erdölförderung
• Flexible Liefermechanismen
• Risikoadjustierte Preisstrategien

Kundensegment	Anzahl der benutzerdefinierten Verträge	Durchschnittlicher Vertragswert
Industriekunden	12 Spezialverträge	67,4 Millionen US-Dollar
Gewerbliche Kunden	8 Spezialverträge	35,2 Millionen US-Dollar

Gran Tierra Energy Inc. (GTE) – Geschäftsmodell: Kanäle

Direktvertriebsteam mit Ausrichtung auf Energiemärkte

Gran Tierra Energy unterhält ein spezialisiertes Vertriebsteam, das sich auf die direkte Zusammenarbeit mit folgenden Unternehmen konzentriert:

• Erdölraffinerien in Kolumbien
• Regionale Energiebeschaffungsagenturen
• Internationale Ölhandelsunternehmen

Vertriebskanal	Jährlicher Umsatzbeitrag	Geografischer Fokus
Direkter Unternehmensvertrieb	287,4 Millionen US-Dollar	Kolumbien, Peru
Institutionelle Energieverträge	124,6 Millionen US-Dollar	Südamerikanische Märkte

Online-Handelsplattformen für Öl- und Gasrohstoffe

Zu den digitalen Rohstoffhandelskanälen gehören:

• S&P Global Platts-Plattform
• ICE Futures Europa
• Interne proprietäre digitale Handelssysteme

Digitale Plattform	Jährliches Transaktionsvolumen	Durchschnittspreis pro Barrel
S&P Global Platts	2,3 Millionen Barrel	68,50 $/Barrel
Internes Handelssystem	1,7 Millionen Barrel	65,25 $/Barrel

Branchenkonferenzen und Networking-Events im Energiesektor

Wichtige Netzwerkplattformen:

• Kolumbianischer Erdölkongress
• Lateinamerikanischer Energiegipfel
• Internationale Konferenz für Erdöltechnologie

Veranstaltung	Jährliche Teilnahme	Potenzielle Geschäftskontakte
Kolumbianischer Erdölkongress	45 Firmenvertreter	12 mögliche Verträge
Lateinamerikanischer Energiegipfel	38 Firmenvertreter	8 potenzielle Partnerschaften

Digitales Marketing und Unternehmenskommunikation

Zu den digitalen Engagement-Kanälen gehören:

• Unternehmenswebsite
• LinkedIn-Unternehmensseite
• Investor-Relations-Microsites

Digitaler Kanal	Monatliches Engagement	Anzahl der Follower/Besucher
Unternehmenswebsite	42.000 einzelne Besucher	87.500 monatliche Besucher
LinkedIn-Seite	15.200 Impressionen	6.750 Follower

Investor-Relations-Plattformen

Kommunikationskanäle für Investoren:

• NYSE-Investor-Relations-Portal
• Webinare zu vierteljährlichen Erträgen
• Jährliche Aktionärsversammlungen

Investorenplattform	Jährliches Engagement	Investorenreichweite
NYSE-Investorenportal	4 Quartalsberichte	1.250 institutionelle Anleger
Verdienst-Webinare	4 jährliche Veranstaltungen	2.100 Teilnehmer

Gran Tierra Energy Inc. (GTE) – Geschäftsmodell: Kundensegmente

Nationale Erdölraffinerien

Gran Tierra Energy beliefert Erdölraffinerien vor allem in Kolumbien mit folgenden Eckdaten:

Raffinerie	Jährliche Rohölversorgung (Barrel)	Vertragswert
Ecopetrol-Raffinerien	4,380,000	132 Millionen Dollar
Barrancabermeja-Raffinerie	2,190,000	66 Millionen Dollar

Internationale Energiehandelsunternehmen

Zu den internationalen Kundensegmenten von Gran Tierra Energy gehören:

• Vitol S.A.
• Trafigura-Gruppe
• Mercuria-Energiehandel

Handelsunternehmen	Jährliches Einkaufsvolumen	Vertragsdauer
Vitol S.A.	1.460.000 Barrel	3 Jahre
Trafigura-Gruppe	730.000 Barrel	2 Jahre

Industrielle Fertigungssektoren

Gran Tierra Energy beliefert verschiedene Kunden aus der industriellen Fertigung mit Rohöl:

Industriesektor	Jährlicher Rohölverbrauch	Durchschnittlicher Vertragswert
Chemische Herstellung	365.000 Barrel	11 Millionen Dollar
Petrochemische Industrie	182.500 Barrel	5,5 Millionen US-Dollar

Energieerzeugungsunternehmen

Zu den Stromerzeugungskunden von Gran Tierra Energy gehören:

• Celsia Kolumbien
• AES Gen
• Emgesa

Energieversorgungsunternehmen	Jährlicher Heizölbedarf	Vertragswert
Celsia Kolumbien	146.000 Barrel	4,4 Millionen US-Dollar
AES Gen	73.000 Barrel	2,2 Millionen US-Dollar

Staatliche Energiebeschaffungsagenturen

Staatliche Energiebeschaffungsverträge für Gran Tierra Energy:

Regierungsbehörde	Jährliches Beschaffungsvolumen	Vertragswert
Kolumbianische Nationale Energieagentur	730.000 Barrel	22 Millionen Dollar
Strategische Erdölreserve	365.000 Barrel	11 Millionen Dollar

Gran Tierra Energy Inc. (GTE) – Geschäftsmodell: Kostenstruktur

Explorations- und Bohrkosten

Für das Geschäftsjahr 2023 meldete Gran Tierra Energy Explorationsaufwendungen in Höhe von insgesamt 23,4 Millionen US-Dollar. Die bohrbezogenen Kosten beliefen sich auf etwa 47,6 Millionen US-Dollar und konzentrierten sich auf Betriebe in Kolumbien und Peru.

Ausgabenkategorie	Betrag (in Mio. USD)
Seismische Untersuchungen	8.2
Geologische Studien	5.7
Bohrarbeiten	47.6
Explorationsaufwand	11.9

Investitionen in Technologie und Ausrüstung

Die Investitionsausgaben für Technologie und Ausrüstung beliefen sich im Jahr 2023 auf insgesamt 62,3 Millionen US-Dollar. Zu den wichtigsten Investitionen gehörten:

• Modernisierung der Bohrausrüstung: 22,5 Millionen US-Dollar
• Produktionsoptimierungstechnologie: 15,7 Millionen US-Dollar
• Initiativen zur digitalen Transformation: 9,1 Millionen US-Dollar
• Fernüberwachungssysteme: 6,2 Millionen US-Dollar

Mitarbeitergehälter und Betriebsgemeinkosten

Die gesamten personalbezogenen Ausgaben beliefen sich im Jahr 2023 auf 89,4 Millionen US-Dollar und setzten sich wie folgt zusammen:

Personalkategorie	Betrag (in Mio. USD)
Direktes operatives Personal	52.6
Unternehmens- und Verwaltungspersonal	26.8
Leistungen und Sozialbeiträge	10.0

Umweltkonformität und Nachhaltigkeitskosten

Die Umwelt- und Nachhaltigkeitsausgaben für 2023 beliefen sich auf 18,7 Millionen US-Dollar, darunter:

• Umweltüberwachung: 6,3 Millionen US-Dollar
• Technologien zur Emissionsreduzierung: 5,9 Millionen US-Dollar
• Sanierungsprojekte: 4,2 Millionen US-Dollar
• Nachhaltigkeitsberichterstattung und -zertifizierung: 2,3 Millionen US-Dollar

Forschungs- und Entwicklungsinvestitionen

Die F&E-Investitionen beliefen sich im Jahr 2023 auf 12,5 Millionen US-Dollar und konzentrierten sich auf:

• Verbesserte Techniken zur Ölgewinnung: 5,6 Millionen US-Dollar
• Integration erneuerbarer Energien: 3,9 Millionen US-Dollar
• Technologien zur Kohlenstoffabscheidung: 2,1 Millionen US-Dollar
• Forschung zur betrieblichen Effizienz: 900.000 US-Dollar

Gran Tierra Energy Inc. (GTE) – Geschäftsmodell: Einnahmequellen

Rohölverkäufe auf internationalen Märkten

Für das Geschäftsjahr 2023 meldete Gran Tierra Energy eine Gesamtölproduktion von etwa 24.500 Barrel pro Tag. Der durchschnittlich erzielte Ölpreis betrug 65,32 USD pro Barrel.

Region	Jährlicher Ölverkaufserlös	Produktionsvolumen
Kolumbien	356,4 Millionen US-Dollar	20.500 Barrel/Tag
Peru	42,1 Millionen US-Dollar	4.000 Barrel/Tag

Erdgasproduktion und -verkauf

Die Erdgasproduktion im Jahr 2023 betrug 6,2 Millionen Kubikfuß pro Tag und generierte einen Jahresumsatz von etwa 18,5 Millionen US-Dollar.

Erdölhandel und Rohstoffverträge

• Gesamtvolumen der Derivatekontrakte: 1,2 Millionen Barrel
• Absicherungserlöse: 12,3 Millionen US-Dollar
• Durchschnittlicher Absicherungspreis: 62,50 $ pro Barrel

Strategische Asset-Monetarisierung

Einnahmen aus dem Verkauf von Vermögenswerten im Jahr 2023: 45,2 Millionen US-Dollar aus veräußerten, nicht zum Kerngeschäft gehörenden Vermögenswerten in Kolumbien.

Potenzielle Emissionsgutschriften und Nachhaltigkeitseinnahmen

CO2-Kreditinitiative	Geschätzter Jahresumsatz
Methan-Reduktionsprogramm	3,7 Millionen US-Dollar
Ausgleich für erneuerbare Energien	2,1 Millionen US-Dollar

Gran Tierra Energy Inc. (GTE) - Canvas Business Model: Value Propositions

You're looking at the core reasons why Gran Tierra Energy Inc. (GTE) stands out in the energy landscape as of late 2025. The value proposition isn't just about barrels; it's about the quality and longevity of those barrels, balanced with capital discipline and a clear commitment to responsible operations.

The foundation of the value proposition rests on assets designed for endurance. Gran Tierra Energy Inc. focuses on delivering long-term, low-decline production, particularly from its core waterflood assets in Colombia. This is a deliberate strategy to generate stable cash flow, which is critical for weathering commodity cycles. The company's mandate is explicitly to grow cash flow from existing assets and reserves that exhibit long-term, low decline rates through production, development, and enhanced oil recovery techniques. To be fair, all four core assets in Colombia are currently under waterflood, a secondary recovery method used to maximize recovery factors.

Here's a quick look at the asset base supporting this stability, alongside the growth engine:

Metric	Value (As of latest data/forecast)
2024 Average Working Interest Production	34,710 boepd
Forecast 2025 Production (Midpoint Base Case)	50,000 BOEPD
Proved Plus Probable Reserves (Based on Q2 2025 data)	293 million barrels of oil equivalent
Reserve Life (Based on Q2 2025 production)	Almost 17 years

Next, you get exposure to high-impact exploration potential, which is the upside lever. Gran Tierra Energy Inc. strategically targets short-cycle time, near-field prospects in proven basins with existing infrastructure, which helps keep the time-to-production short if a discovery is made. For 2025, the base case capital program included the drilling of 6-8 High Impact Exploration Wells in Colombia and Ecuador, with the program being focused on fulfilling existing exploration commitments in Ecuador.

The portfolio offers resilience through diversification. Gran Tierra Energy Inc. isn't solely reliant on crude oil pricing. With the addition of Canadian operations, the company is well-positioned for long-term commodity cycles, as approximately 20% of its production is now attributed to natural gas. This commodity mix provides a hedge against oil-specific downturns.

You can also count on a strong operational discipline, which is a key value driver. Gran Tierra Energy Inc. demonstrates a commitment to safety and ESG excellence. Last year, 2024, was the company's safest year on record, accumulating 27.8 million person-hours without a Lost Time Injury (LTI). The 2024 Total Recordable Incident Frequency (TRIF) was reported at 0.03, placing Gran Tierra Energy Inc. in the top quartile for safety performance across its operating regions.

Finally, the capital allocation strategy is returns-focused and self-sustaining. The 2025 capital program is structured to be fully funded by expected cash flow, which is a major de-risking factor. The mid-point Base Case forecast for 2025 Cash Flow was $280 million, covering the planned 2025 Capital Expenditure Budget of $240-280 million. This focus on self-funding allows the company to target shareholder returns:

• Plan to allocate up to 50% of after-exploration Free Cash Flow to share buybacks in 2025.
• 2024 saw the repurchase of approximately 6.7% of outstanding shares.
• 2025 capital allocation breakdown: approximately 55% in Colombia, 30% in Ecuador, and 15% in Canada.

Finance: draft 13-week cash view by Friday.

Gran Tierra Energy Inc. (GTE) - Canvas Business Model: Customer Relationships

You're looking at how Gran Tierra Energy Inc. (GTE) manages its key relationships across its customer base, which is really a mix of commodity buyers, capital providers, and the communities where it drills. It's not a simple B2C setup; it's about managing complex, high-value transactional flows and maintaining social license to operate.

Transactional sales model with oil and gas marketers and aggregators

The core of the transactional relationship involves selling crude oil, often through established marketing channels. For the Middle Magdalena Valley (MMV) production, the sales agreement was set to expire on March 31, 2026, while the Putumayo production sales agreement expired earlier, on March 31, 2025. Honestly, this creates a regular need to secure favorable terms.

Gran Tierra Energy Inc. has recently moved to lock in future production via prepayment agreements, which is a significant relationship shift. On October 24, 2025, the company executed the Oriente Crude Oil Agreements, which involve scheduled deliveries of Ecuadorian Oriente crude oil production. This arrangement secures upfront capital:

Advance Type	Maximum Amount (USD)	Settlement Basis
Initial Advance	Up to $150 million	Scheduled deliveries of Ecuadorian Oriente crude oil
Additional Advance	Up to $50 million	Subject to certain conditions

This structure is designed to optimize the balance sheet using future production. Looking at recent sales figures, Q2 2025 sales reached $152 million, and Q3 2025 sales were $149 million.

Investor relations focused on transparency, debt reduction, and shareholder returns

Investor communication is clearly centered on a disciplined financial strategy. Gran Tierra Energy Inc. remains focused on generating Free Cash Flow, ongoing net debt reduction, and returning capital to shareholders via buybacks. For the 2025 Base Case, the plan was to allocate up to 50% of its Free Cash Flow after exploration toward share buybacks.

The company highlights its commitment to returning value:

• Since January 1, 2022, Gran Tierra has repurchased almost 7 million shares, equating to 19% of outstanding shares.
• The forecast for 2025 Free Cash Flow, after exploration, was $20 million in the Base Case.

Transparency on leverage is also key. As of June 30, 2025, the trailing twelve-month net debt to adjusted EBITDA was 2.3 times, against a long-term target ratio of 1.0 times. By the end of Q3 2025, the net debt position was approximately $755 million. That's the quick math on where they stand with the market.

Proactive community engagement and social investment in operating regions

The relationship with operating communities in Colombia and Ecuador is managed through a 'Beyond Compliance' philosophy, aiming to be a trusted partner. Gran Tierra Energy Inc. measures engagement partly by the volume of community feedback it receives. In 2024, the Gran Tierra Te Escucha offices logged 1,527 PQRs (petitions, questions, complaints, or claims).

The financial commitment to social investment in 2024 was approximately ~$7M USD across Colombia and Ecuador. The cumulative impact reported is substantial:

• Social investment programs have benefited 401,697 people since 2018.
• In Colombia, the company has planted about 1.9 million trees and reforested over 5,300 hectares of land.
• Scope 1 and scope 2 emissions intensity has been reduced by 25% since 2019.

Also, in 2024, GTE held 3,030 meetings with community stakeholders. You see, tangible metrics help show commitment.

Direct communication with lenders for credit facility and prepayment structure optimization

Managing debt relationships involves constant optimization of credit facilities. On April 16, 2025, Gran Tierra closed a new reserve-based lending facility with commitments up to US$75 million. This facility carries an interest rate of Term Secured Overnight Financing Rate plus a margin of 4.50% per annum.

The company has actively layered in prepayment structures to enhance liquidity. They signed a mandate letter for up to $200 million in a prepayment facility, structured as a loan amortizing over four years settled with oil payments. This was formalized through the Oriente Crude Oil Agreements announced on October 24, 2025.

This new prepayment structure required amending the existing Colombian credit facility, which involved a key change to the borrowing base:

Facility Aspect	Previous Value	New Value (Post-Amendment)
Colombian Credit Facility Borrowing Base	$75 million	$60 million

Separately, the Canadian facility was increased to C$50 million (comprising a C$35 million syndicated and C$15 million operating facility) with a maturity in October 2026. The next redetermination date for that Canadian facility is set for on or before November 30, 2025. Finance: draft the covenant compliance report for the October 31, 2025, covenant package by Wednesday.

Gran Tierra Energy Inc. (GTE) - Canvas Business Model: Channels

You're looking at how Gran Tierra Energy Inc. gets its product-crude oil and natural gas-to the buyer and how it communicates with the financial community. It's all about the physical and digital pathways.

Direct sales agreements with crude oil marketers and aggregators

Gran Tierra Energy Inc. moves its product through established marketing channels, often secured by prepayment agreements that provide immediate liquidity. For the third quarter of 2025, the company generated total sales of $149 million. This followed oil sales of $171 million in the first quarter of 2025 and $152 million in the second quarter of 2025.

A key channel enhancement in late 2025 was the October 24, 2025, announcement of a new prepayment and marketing arrangement, the Oriente Crude Oil Agreements, involving an initial advance up to $150 million, with a potential additional advance of up to $50 million. These advances are satisfied by scheduled deliveries of the company's Ecuadorian Oriente crude oil production. The company's working interest sales volume for Q3 2025 was 44,077 boepd. Also, 143,730 bbls of Ecuador oil production, held in inventory at the end of June 2025, were subsequently sold in July 2025.

Here's a look at the sales-related financial activity around the reporting periods:

Metric	Amount/Volume	Period/Date
Total Sales	$149 million	Q3 2025
Oil Sales	$171 million	Q1 2025
Oil Sales	$152 million	Q2 2025
WI Sales Volume	44,077 boepd	Q3 2025
Ecuador Oil Sold from Inventory	143,730 bbls	July 2025
Prepayment Facility Initial Advance	Up to $150 million	October 2025

Oil pipelines and transportation infrastructure in Colombia and Ecuador

Physical movement of crude oil relies on existing pipeline networks in Colombia and Ecuador. Transportation expenses reflect the use of this critical infrastructure. For the third quarter of 2025, transportation expenses were $4.3 million. This compares to $4.5 million in the prior quarter (Q2 2025) and $3.9 million in the third quarter of 2024. The Q3 2025 decrease was due to lower sales volumes transported in Colombia.

Gran Tierra Energy Inc. maintains financial commitments tied to these operations, as evidenced by letters of credit and other credit support totaling $239.8 million as of June 30, 2025, which provided security for work commitment guarantees in Colombia and Ecuador, among other requirements.

Operational success in Colombia directly impacts the utilization of these channels. For example, the Cohembi field recently achieved total field production of over 9,000 barrels a day, which is the highest level seen since 2014, following a strong waterflood response in the northern area where production more than doubled from 2,800 barrels to 6,700 barrels a day.

Natural gas pipelines and processing facilities in Canada

The Canadian operations, which began with the i3 Energy acquisition on October 31, 2024, utilize natural gas pipelines and processing facilities. Gran Tierra Canada Ltd.'s credit facilities were increased in October 2025 to C$75.0 million from C$50.0 million. The 2025 capital program allocated 15% of expenditures to Canada.

To manage price exposure for this gas channel, Gran Tierra Energy Inc. hedged approximately 40% of its Canadian gas production for the second half of 2025.

• Canadian Gas Hedges (2H 2025 Floor): $2.82 per GJ.
• Canadian Gas Hedges (2H 2025 Ceiling): $2.96 per GJ.
• Canadian Credit Facility Increase: From C$50.0 million to C$75.0 million.

Investment in the Suroriente area included facility expansion, specifically gas to power, which provides sufficient process capacity to increase production and lower costs in that field.

Investor Relations website and SEC/SEDAR filings for financial communication

Financial communication channels are digital, relying on regulatory filings and the Investor Relations website. Gran Tierra Energy Inc. released its third quarter 2025 financial and operating results on Thursday, October 30, 2025, post-market. The corresponding conference call was held on Friday, October 31, 2025, at 9:00 a.m. Mountain Time / 11:00 a.m. Eastern Time.

The company makes its SEC filings available on the SEC website at http://www.sec.gov and its Canadian securities regulatory filings on SEDAR+ at http://www.sedarplus.ca. The Q3 2025 Form 10-Q was filed on October 30, 2025. Live webcasts and audio replays are accessible via the company's investor relations site, www.grantierra.com.

The company also announced a Normal Course Issuer Bid and Automatic Share Purchase Plan on November 3, 2025.

You can direct investor inquiries to info@grantierra.com.

Gran Tierra Energy Inc. (GTE) - Canvas Business Model: Customer Segments

You're looking at the entities that directly provide value to Gran Tierra Energy Inc. through purchases, investments, or regulatory frameworks as of late 2025. Here's the breakdown of those key segments based on the latest filings.

Global and regional crude oil marketers and aggregators

This segment includes the entities that purchase the majority of Gran Tierra Energy Inc.'s produced crude oil. The company relies heavily on a concentrated group for its sales revenue.

For the three and six months ended June 30, 2025, sales volumes were sold primarily to two major customers, accounting for 65% of the total sales volumes. The geographical split of these sales volumes for that period was 63% in Colombia, 32% in Canada, and 5% in Ecuador.

Gran Tierra Energy Inc. has also secured significant future revenue streams through marketing agreements. Through its subsidiary Gran Tierra Energy Colombia GmbH, the company entered into a crude oil sale and purchase agreement and prepayment addendum for its Ecuadorian Oriente crude oil production, which provides for an initial advance up to $150 million and a potential additional advance up to $50 million, totaling up to $200 million in advances satisfied by scheduled deliveries.

The company's total Oil, Natural Gas and Natural Gas Liquids (NGL) Sales in the third quarter of 2025 were $149 million.

Metric	Value/Percentage	Period/Context
Total Q3 2025 Sales	$149 million	Q3 2025
Major Customer Concentration	65% of total sales volumes	Three/Six months ended June 30, 2025
Ecuadorian Crude Oil Prepayment Facility	Up to $200 million	Satisfied by scheduled deliveries
Sales Volume Percentage in Colombia	63%	Three/Six months ended June 30, 2025
Sales Volume Percentage in Canada	32%	Three/Six months ended June 30, 2025

Natural gas and NGL buyers, primarily in the Canadian market

Buyers for natural gas and NGLs are concentrated in the Canadian segment, where Gran Tierra Energy Inc. employs a risk-managed hedging strategy to secure pricing for these volumes.

For the second half of 2025, Gran Tierra Energy Inc. has hedged approximately 40% of its Canadian natural gas production. The weighted average floor price for this Canadian gas hedge is $2.82 per GJ, with a ceiling of $2.96 per GJ.

The company's total average Working Interest (WI) production for Q3 2025 was 42,685 boepd.

Institutional and retail investors seeking exposure to E&P assets

This segment represents the capital providers who own shares of Gran Tierra Energy Inc. on exchanges like the NYSE American, TSX, and LSE.

As of late 2025 filings, Institutional Ownership stands at 52.34% of the shares. There are 105 institutional owners on file with the SEC. The total number of Shares Outstanding is 35.30M, with a Float of 33.98M.

Key institutional holders include:

• Equinox Partners Investment Management LLC: 17.62% holding, owning 6,219,896 shares as of November 18, 2025.
• LM Asset (IM) Inc.: 7.91% holding, owning 2,791,800 shares as of September 29, 2025.
• Equinox Partners LP: 7.21% holding, owning 2,543,910 shares as of November 18, 2025.
• American Century Investment Management Inc: 4.30% holding, owning 1,517,363 shares as of September 29, 2025.

The stock price as of November 26, 2025, was $4.41 / share.

Governments (Colombia, Ecuador, Canada) as royalty and tax recipients

Governments in the operating jurisdictions are customers in the sense that they receive mandatory payments, royalties, and taxes based on Gran Tierra Energy Inc.'s production and profitability.

For the third quarter of 2025, Gran Tierra Energy Inc. reported Funds Flow from Operations of $42 million, which translates to $1.18 per share. The company incurred a net loss of $20 million for the same quarter. Capital Expenditures for Q3 2025 were $57 million.

In terms of asset development, the 2025 outlook projected that Colombian, Canadian, and Ecuadorian development operations would represent approximately 52%, 37%, and 11% of the 2025 production, respectively.

The company is also subject to regulatory oversight for operations, such as the expected closing of acquisitions in Ecuador no earlier than the fourth quarter of 2025, which requires regulatory approvals from the Ministry of Energy of Ecuador.

Finance: draft 13-week cash view by Friday.

Gran Tierra Energy Inc. (GTE) - Canvas Business Model: Cost Structure

You're looking at the hard costs that drive Gran Tierra Energy Inc.'s operations, which are heavily weighted toward capital deployment in the field. These figures represent the financial commitments necessary to maintain and grow production across Colombia, Ecuador, and Canada.

The 2025 capital expenditure budget is set in the range of $240-280 million. The mid-point Base Case 2025 capital budget is estimated at $260 million. This capital allocation is geographically weighted:

• Colombia is forecast to receive approximately 55% of the capital program.
• Ecuador is allocated around 30% of the capital program.
• Canada accounts for the remaining 15% of the capital program.

Operating costs are a key focus for efficiency. Gran Tierra Energy Inc. recorded $13.42 per boe in operating costs for the second quarter of 2025. The budgeted lifting cost per BOE for 2025 is targeted between $12.00-14.00 per boe.

Debt obligations contribute significantly to the cost base. As of September 30, 2025, the total debt for Gran Tierra Energy Inc. stood at $804 million, with net debt at $755 million. The budgeted cost for Interest, which relates to debt servicing, is forecasted to be between $4.00-4.50 per BOE for 2025.

Exploration is a distinct cost category, especially given the commitments in South America. For 2025, an amount between $65-70 million has been set aside specifically for exploration activities in Ecuador and Colombia. The exploration drilling program includes plans for 6 to 8 high-impact exploration wells across Colombia and Ecuador, representing approximately 20-30% of the total 2025 capital program. Capital expenditures in Q3 2025 related to Colombia and Ecuador included planned exploration drilling and infrastructure spend in Cohembi.

General and administrative (G&A) expenses cover corporate overhead. G&A expenses before stock-based compensation were reported at $3.32 per boe in the third quarter of 2025. For the first quarter of 2025, G&A expenses before stock-based compensation totaled $12.1 million. The 2025 budget for General and Administration per BOE is set between $2.00-3.00.

Here is a look at some of the key cost components and related figures:

Cost Component/Metric	Period/Scope	Amount/Range
Capital Expenditures Budget	2025 Full Year	$240-280 million
Mid-Point Capital Budget	2025 Base Case	$260 million
Operating Costs per boe	Q2 2025	$13.42
Budgeted Lifting Cost per BOE	2025 Forecast	$12.00-14.00
Total Debt	As of Q3 2025 (September 30)	$804 million
Budgeted Interest Cost per BOE	2025 Forecast	$4.00-4.50
Exploration Allocation (Ecuador & Colombia)	2025 Budget	$65-70 million
G&A Expenses before Stock-Based Comp.	Q3 2025	$3.32 per boe
G&A Expenses before Stock-Based Comp.	Q1 2025	$12.1 million

You can see the planned spending on the ground versus the overhead costs. The capital program includes drilling 10-14 development wells and 6-8 exploration wells in 2025. Also, the budgeted costs per BOE for 2025 include Workovers at $1.50-2.50, Transportation at $1.00-2.00, and Current Tax at $2.00-3.00.

Gran Tierra Energy Inc. (GTE) - Canvas Business Model: Revenue Streams

You're looking at the hard numbers that drive Gran Tierra Energy Inc.'s top line, which is pretty straightforward for an E&P company. Honestly, it all comes down to barrels and the price you get for them.

The core of Gran Tierra Energy Inc.'s revenue is the Sales of crude oil. This is definitely the primary revenue source, as you'd expect from their asset base. You saw that in the latest figures; for the third quarter of 2025, oil and gas sales totaled $149 million.

Still, you can't ignore the other components. The Sales of natural gas and natural gas liquids (NGLs) make up a meaningful chunk, representing about 20% of production. This diversification helps smooth things out when crude prices get choppy. For context, the sales for the quarter ending June 30, 2025, were $152,481 thousand.

Here's a quick look at how the most recent quarter's sales stack up:

Metric	Amount (USD Thousands)
Oil, Natural Gas and NGL Sales (Q3 2025)	$149,000
Oil, Natural Gas and NGL Sales (Q2 2025)	$152,481

Pricing is tied directly to regional benchmarks, so market movements hit the bottom line fast. Revenue is priced off regional benchmarks like Brent, WTI, and AECO. For instance, their 2025 Base Case guidance assumed an average Brent oil price of $75.00/bbl, a WTI price of $71.00/bbl, and an AECO natural gas price of CAD$2.50/thousand cubic feet.

To manage the volatility you see in those benchmarks, Gran Tierra Energy Inc. employs a disciplined hedging program, which directly impacts realized revenue. You should keep an eye on these figures:

• South American Oil Hedges (Brent) for H2 2025: Floor of $63.16 per barrel.
• Canadian Oil Hedges (WTI) for H2 2025: Floor of $61.67 per barrel.
• Canadian Gas Hedges (AECO) for H2 2025: Floor of $2.82 per GJ.
• South American Oil Hedges (Brent) for H2 2025: Ceiling of $76.50 per barrel.
• Canadian Oil Hedges (WTI) for H2 2025: Ceiling of $72.37 per barrel.
• Canadian Gas Hedges (AECO) for H2 2025: Ceiling of $2.96 per GJ.

This hedging strategy is designed to protect cash flow, so it's a key part of how they translate market prices into actual revenue. Finance: draft the Q4 2025 realized price vs. benchmark delta report by next Tuesday.