Gran Tierra Energy Inc. (GTE): Modelo de negócios Canvas [Jan-2025 Atualizado]

No mundo dinâmico da exploração energética, a Gran Tierra Energy Inc. (GTE) surge como uma potência estratégica que navega nas paisagens complexas dos mercados de petróleo da América do Sul. Com um foco nítido na produção de energia sustentável e eficiente, esta empresa inovadora transforma a exploração tradicional de petróleo e gás por meio de um modelo de negócios meticulosamente criado que equilibra proezas tecnológicas, responsabilidade ambiental e posicionamento estratégico do mercado. Ao alavancar reservas comprovadas na Colômbia e no Peru, o GTE demonstra uma abordagem extraordinária da extração de recursos que vai além da mera negociação de commodities, prometendo investidores e partes interessadas uma narrativa convincente de excelência operacional e soluções de energia para obter o futuro.

Gran Tierra Energy Inc. (GTE) - Modelo de negócios: Parcerias -chave

Alianças estratégicas com governos locais na Colômbia e Peru

A Gran Tierra Energy Inc. estabeleceu parcerias estratégicas com os governos locais nas principais regiões operacionais:

País	Agência governamental	Foco em parceria	Ativo desde então
Colômbia	Agencia Nacional de Hidrocarburos (ANH)	Contratos de exploração e produção	2007
Peru	Perupetro S.A.	Contrato de exploração do bloco 95	2016

Acordos de joint venture com empresas internacionais de exploração de petróleo e gás

Gran Tierra Energy mantém parcerias estratégicas de joint venture:

Empresa parceira	Localização	Porcentagem de propriedade	Tipo de projeto
Recursos Parex	Colômbia	50%	Bloco de exploração
Geopark Limited	Colômbia	40%	Contrato de compartilhamento de produção

Contratos de serviço com provedores de tecnologia de perfuração e exploração

As principais parcerias de tecnologia e serviço incluem:

• Schlumberger Limited - Serviços de tecnologia de perfuração
• Companhia Halliburton - Serviços Geofísicos de Exploração
• Baker Hughes - bem conclusão tecnologias

Parcerias com empresas de consultoria ambiental e de sustentabilidade

A Gran Tierra Energy colabora com organizações de consultoria ambiental:

Empresa de consultoria	Foco de sustentabilidade	Tipo de engajamento
Gerenciamento de Recursos Ambientais (ERM)	Avaliações de impacto ambiental	Consultoria em andamento
Grupo SNC-Lavalin	Estratégia de redução de emissões de carbono	Consulta baseada em projetos

Gran Tierra Energy Inc. (GTE) - Modelo de negócios: Atividades -chave

Exploração e produção de petróleo bruto e gás natural

A partir de 2024, a Gran Tierra Energy opera principalmente na Colômbia, com a produção focada nas seguintes métricas -chave:

Métrica de produção	Valor
Produção diária média	18.000-20.000 barris de petróleo equivalente por dia (BOEPD)
Blocos operados	5 blocos primários de exploração e produção na Colômbia
Reservas comprovadas	Aproximadamente 47,4 milhões de barris de petróleo equivalente

Perfuração e desenvolvimento de novos poços de petróleo

As atividades de perfuração da Gran Tierra Energy em 2024 incluem:

• Perfuração direcionada de 10-12 novos poços de desenvolvimento
• Alocação de despesas de capital de aproximadamente US $ 80-90 milhões para operações de perfuração
• Concentre-se em metas de exploração de alto custo e alto retorno nas áreas operacionais existentes

Gerenciamento e otimização do reservatório

As principais estratégias de gerenciamento de reservatórios incluem:

Técnica de otimização	Detalhes da implementação
Recuperação aprimorada de óleo	Técnicas de inundação de água e injeção de gás em campos maduros
Declinar o gerenciamento da taxa	Implementando técnicas avançadas de produção para minimizar o declínio da produção
Investimento em tecnologia	US $ 5-7 milhões alocados para tecnologias avançadas de monitoramento de reservatórios

Iniciativas de conformidade ambiental e sustentabilidade

Áreas de foco ambiental para 2024:

• Alvo de redução de emissões de carbono de 15% em comparação com 2022 linha de base
• Investimento de US $ 10 a 12 milhões em tecnologias de monitoramento e mitigação ambiental
• Conformidade com regulamentos ambientais colombianos e padrões internacionais de sustentabilidade

Gerenciamento de riscos e planejamento estratégico

A abordagem de gerenciamento de riscos inclui:

Categoria de risco	Estratégia de mitigação
Volatilidade dos preços	Cabes aproximadamente 50-60% da produção em preços estratégicos
Risco operacional	Mantendo US $ 50-60 milhões em reservas de contingência operacional
Risco geopolítico	Diversificação dentro de territórios operacionais colombianos

Gran Tierra Energy Inc. (GTE) - Modelo de negócios: Recursos -chave

Reservas comprovadas de petróleo

Em 31 de dezembro de 2022, as reservas totais da Gran Tierra Energy eram:

Localização	Petróleo bruto (barris)	Equivalente a gás natural (barris)
Colômbia	25,9 milhões	4,5 milhões
Peru	3,1 milhões	0,6 milhão

Tecnologias de exploração

A Gran Tierra Energy utiliza recursos tecnológicos avançados:

• Sistemas de imagem sísmica 3D
• Software de mapeamento geológico proprietário
• Tecnologia de perfuração avançada

Recursos de força de trabalho

Estatísticas da força de trabalho a partir de 2022:

Categoria	Número de funcionários
Total de funcionários	330
Engenheiros de Petróleo	85
Geólogos	42

Capital financeiro

Recursos Financeiros a partir do quarto trimestre 2022:

• Total de ativos: US $ 625,3 milhões
• Caixa e equivalentes em dinheiro: US $ 45,2 milhões
• Dívida total: US $ 369,8 milhões

Infraestrutura operacional

Ativos operacionais nos mercados sul -americanos:

Tipo de ativo	Número
Instalações de produção	12
Platas de perfuração	6
Blocos de exploração	17

Gran Tierra Energy Inc. (GTE) - Modelo de negócios: proposições de valor

Produção de energia sustentável e eficiente na América do Sul

A Gran Tierra Energy opera na Colômbia com as seguintes métricas de produção:

Métrica de produção	2023 dados
Produção diária média	26.135 barris de óleo equivalente por dia
Reservas totais comprovadas	44,7 milhões de barris de petróleo equivalente
Regiões operacionais	Bacia de Putumayo, Bacia de Magdalena, Bacia Cesar

Portfólio de petróleo e gás natural de alta qualidade

A composição do portfólio inclui:

• Classes de petróleo bruto: petróleo pesado e médio
• Divisão de produção: 95% de petróleo bruto, 5% de gás natural
• Concentração de ativos: 100% na Colômbia

Concentre-se na excelência operacional e na extração econômica

Métrica de custo	2023 desempenho
Custos operacionais	US $ 10,80 por barril
Custos de localização e desenvolvimento	$ 14,50 por barril
Gasto total de capital	US $ 86,2 milhões

Compromisso com a responsabilidade ambiental

• Alvo de redução de emissões de gases de efeito estufa: 20% até 2025
• Taxa de reciclagem de água: 65%
• Investimento comunitário local: US $ 3,2 milhões em 2023

Preços competitivos e fornecimento confiável de energia

Métrica de precificação	2023 dados
Preço médio de petróleo realizado	US $ 65,37 por barril
Receita anual	US $ 370,6 milhões
Resultado líquido	US $ 42,3 milhões

Gran Tierra Energy Inc. (GTE) - Modelo de Negócios: Relacionamentos do Cliente

Contratos de longo prazo com compradores nacionais e internacionais de energia

A Gran Tierra Energy Inc. mantém contratos estratégicos de petróleo de longo prazo com os principais compradores na Colômbia e Peru. A partir de 2023, a empresa estabeleceu contratos com:

País	Número de contratos ativos	Valor anual do contrato
Colômbia	7 contratos de longo prazo	US $ 124,6 milhões
Peru	3 contratos de longo prazo	US $ 42,3 milhões

Vendas diretas e gerenciamento de relacionamento com refinarias de petróleo

A Gran Tierra Energy implementa estratégias de vendas diretas com refinarias de petróleo por meio de:

• Equipes de gerenciamento de contas dedicadas
• Reuniões trimestrais de revisão de desempenho
• Cronogramas de entrega de petróleo personalizados

Relacionamentos de refinaria	Volumes totais de petróleo	Duração média do contrato
Parcerias de refinaria direta	18.500 barris por dia	5,2 anos

Plataformas digitais para envolvimento e comunicação do cliente

A Gran Tierra Energy utiliza plataformas digitais com as seguintes especificações:

• Engajamento do portal do cliente: 92% Taxa de interação digital
• Sistemas de rastreamento de produção em tempo real
• Gerenciamento de contrato on -line seguro

Relatórios transparentes e comunicação das partes interessadas

As métricas de relatórios para a comunicação das partes interessadas incluem:

Métrica de relatório	Freqüência	Pontuação de transparência
Divulgações financeiras	Trimestral	Classificação de conformidade de 94%
Relatórios de sustentabilidade	Anualmente	87% de divulgação abrangente

Soluções de energia personalizadas para clientes industriais e comerciais

Portfólio de soluções de energia personalizada:

• Contratos de extração de petróleo personalizados
• Mecanismos de entrega flexíveis
• Estratégias de preços ajustados ao risco

Segmento de cliente	Número de contratos personalizados	Valor médio do contrato
Clientes industriais	12 contratos especializados	US $ 67,4 milhões
Clientes comerciais	8 contratos especializados	US $ 35,2 milhões

Gran Tierra Energy Inc. (GTE) - Modelo de Negócios: Canais

Equipe direta da equipe de vendas direcionando mercados de energia

A Gran Tierra Energy mantém uma equipe de vendas especializada focada no envolvimento direto com:

• Refinarias de petróleo na Colômbia
• Agências regionais de compras de energia
• Empresas internacionais de comércio de petróleo

Canal de vendas	Contribuição anual da receita	Foco geográfico
Vendas corporativas diretas	US $ 287,4 milhões	Colômbia, Peru
Contratos de energia institucional	US $ 124,6 milhões	Mercados da América do Sul

Plataformas de negociação on -line para mercadorias de petróleo e gás

Os canais de negociação de commodities digitais incluem:

• S&P Global Platts Platform
• Ice Futures Europe
• Sistemas de negociação digital proprietários internos

Plataforma digital	Volume anual de transações	Preço médio por barril
S&P Global Platts	2,3 milhões de barris	$ 68,50/barril
Sistema de negociação interna	1,7 milhão de barris	US $ 65,25/barril

Conferências do setor e eventos de rede do setor de energia

Plataformas de rede -chave:

• Congresso do Petróleo da Colômbia
• Cúpula de Energia Latino -Americana
• Conferência Internacional de Tecnologia de Petróleo

Evento	Participação anual	Potenciais leads de negócios
Congresso do Petróleo da Colômbia	45 representantes da empresa	12 contratos em potencial
Cúpula de Energia Latino -Americana	38 Representantes da empresa	8 parcerias em potencial

Marketing digital e comunicações corporativas

Os canais de engajamento digital incluem:

• Site corporativo
• Página corporativa do LinkedIn
• Microsites de relações com investidores

Canal digital	Engajamento mensal	Contagem de seguidores/visitantes
Site corporativo	42.000 visitantes únicos	87.500 visitantes mensais
Página do LinkedIn	15.200 impressões	6.750 seguidores

Plataformas de relações com investidores

Canais de comunicação de investidores:

• Portal de Relações com Investidores da NYSE
• Webinars trimestrais de ganhos
• Reuniões anuais de acionistas

Plataforma de investidores	Engajamento anual	Alcance do investidor
NYSE Investor Portal	4 relatórios trimestrais	1.250 investidores institucionais
Webinars de ganhos	4 eventos anuais	2.100 participantes

Gran Tierra Energy Inc. (GTE) - Modelo de negócios: segmentos de clientes

Refinarias nacionais de petróleo

A Gran Tierra Energy serve refinarias de petróleo principalmente na Colômbia, com os seguintes dados -chave:

Refinaria	Fornecimento anual de petróleo bruto (barris)	Valor do contrato
Refinarias de ecopetrol	4,380,000	US $ 132 milhões
Refinaria de Barrancabermeja	2,190,000	US $ 66 milhões

Empresas internacionais de comércio de energia

Os segmentos internacionais de clientes da Gran Tierra Energy incluem:

• Vitol S.A.
• Grupo Trafigura
• Negociação de energia da Mercuria

Empresa comercial	Volume anual de compra	Duração do contrato
Vitol S.A.	1.460.000 barris	3 anos
Grupo Trafigura	730.000 barris	2 anos

Setores industriais de fabricação

A Gran Tierra Energy fornece petróleo bruto a vários clientes industriais de fabricação:

Setor da indústria	Consumo anual de petróleo bruto	Valor médio do contrato
Fabricação química	365.000 barris	US $ 11 milhões
Indústrias petroquímicas	182.500 barris	US $ 5,5 milhões

Empresas de geração de energia

Os clientes de geração de energia da Gran Tierra Energy incluem:

• Celsia Colômbia
• Aes gen
• Emgessa

Companhia de Power	Requisito anual de óleo combustível	Valor do contrato
Celsia Colômbia	146.000 barris	US $ 4,4 milhões
Aes gen	73.000 barris	US $ 2,2 milhões

Agências de compras de energia do governo

Contratos de aquisição de energia do governo para Gran Tierra Energy:

Agência governamental	Volume anual de compras	Valor do contrato
Agência Nacional de Energia Colombiana	730.000 barris	US $ 22 milhões
Reserva de petróleo estratégico	365.000 barris	US $ 11 milhões

Gran Tierra Energy Inc. (GTE) - Modelo de negócios: estrutura de custos

Despesas de exploração e perfuração

Para o ano fiscal de 2023, a Gran Tierra Energy registrou despesas totais de exploração de US $ 23,4 milhões. Os custos relacionados à perfuração foram de aproximadamente US $ 47,6 milhões, com foco em operações na Colômbia e Peru.

Categoria de despesa	Valor (milhões de dólares)
Pesquisas sísmicas	8.2
Estudos geológicos	5.7
Operações de perfuração	47.6
Exploração sobrecarga	11.9

Investimentos de tecnologia e equipamentos

As despesas de capital para tecnologia e equipamento em 2023 totalizaram US $ 62,3 milhões, com investimentos importantes, incluindo:

• Atualizações de equipamentos de perfuração: US $ 22,5 milhões
• Tecnologia de otimização de produção: US $ 15,7 milhões
• Iniciativas de transformação digital: US $ 9,1 milhões
• Sistemas de monitoramento remoto: US $ 6,2 milhões

Salários dos funcionários e sobrecarga operacional

As despesas totais relacionadas ao pessoal para 2023 foram de US $ 89,4 milhões, divididas da seguinte forma:

Categoria de pessoal	Valor (milhões de dólares)
Equipe operacional direta	52.6
Pessoal corporativo e administrativo	26.8
Benefícios e contribuições sociais	10.0

Custos de conformidade ambiental e sustentabilidade

Os gastos ambientais e de sustentabilidade para 2023 totalizaram US $ 18,7 milhões, incluindo:

• Monitoramento ambiental: US $ 6,3 milhões
• Tecnologias de redução de emissões: US $ 5,9 milhões
• Projetos de remediação: US $ 4,2 milhões
• Relatórios e certificação de sustentabilidade: US $ 2,3 milhões

Investimentos de pesquisa e desenvolvimento

Os investimentos em P&D em 2023 foram de US $ 12,5 milhões, focados em:

• Técnicas aprimoradas de recuperação de petróleo: US $ 5,6 milhões
• Integração de energia renovável: US $ 3,9 milhões
• Tecnologias de captura de carbono: US $ 2,1 milhões
• Pesquisa de eficiência operacional: US $ 900.000

Gran Tierra Energy Inc. (GTE) - Modelo de negócios: fluxos de receita

Vendas de petróleo bruto em mercados internacionais

Para o ano fiscal de 2023, a Gran Tierra Energy relatou a produção total de petróleo de aproximadamente 24.500 barris por dia. O preço médio realizado no petróleo foi de US $ 65,32 por barril.

Região	Receita anual de vendas de petróleo	Volume de produção
Colômbia	US $ 356,4 milhões	20.500 bbl/dia
Peru	US $ 42,1 milhões	4.000 bbl/dia

Produção e vendas de gás natural

A produção de gás natural para 2023 foi de 6,2 milhões de pés cúbicos por dia, gerando aproximadamente US $ 18,5 milhões em receita anual.

Contratos de comércio de petróleo e commodities

• Volume total de contrato derivado: 1,2 milhão de barris
• Receita de hedge: US $ 12,3 milhões
• Preço médio de hedge: US $ 62,50 por barril

Monetização de ativos estratégicos

Receita de venda de ativos em 2023: US $ 45,2 milhões de ativos não essenciais na Colômbia.

Receita potencial de crédito de carbono e sustentabilidade

Iniciativa de Crédito de Carbono	Receita anual estimada
Programa de redução de metano	US $ 3,7 milhões
Offset de energia renovável	US $ 2,1 milhões

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.