Northwire Canada EditionFriday, July 17, 2026
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LUN 33.59 −2.5% NTR 94.27 −1.8% LALI 0.055 −8.3% SCD 0.170 +0.0% HWY 0.370 +0.0% FCI 0.385 +1.3% GGAU 0.180 −5.3% KIRO 0.650 +1.6% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.09 −4.4% NOBL 0.095 −5.0% SHL 0.355 +0.0% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.55 +1.8% LUN 33.59 −2.5% NTR 94.27 −1.8% LALI 0.055 −8.3% SCD 0.170 +0.0% HWY 0.370 +0.0% FCI 0.385 +1.3% GGAU 0.180 −5.3% KIRO 0.650 +1.6% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.09 −4.4% NOBL 0.095 −5.0% SHL 0.355 +0.0% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.55 +1.8%
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Gran Tierra Energy Inc. Reports Seventh Consecutive Year of South American Reserves Growth

GTE · Price

Executive Summary

  • Gran Tierra reported a seventh consecutive year of reserve growth in South America, achieving >100 % reserve replacement on both PDP and 2P bases for 2025.
  • 2P reserves now stand at 258 MMBOE with a pre‑tax NPV10 of $2.46 bn (NAV per share $51.09) and after‑tax NAV per share $31.19.
  • Canadian assets were re‑classified, moving 19 MMBOE (1P) and 32 MMBOE (2P) to contingent resources; this had a limited impact on overall NAV.

Key Details

  • Reserves (as of Dec 31 2025) – 1P: 142 MMBOE, 2P: 258 MMBOE, 3P: 329 MMBOE.
  • Pre‑tax NPV10 – 1P $1.456 bn, 2P $2.461 bn, 3P $3.317 bn.
  • Net Debt: $657 million (senior notes $741 m gross less cash $83 m).
  • NAV per Share (pre‑tax) – 1P $22.63, 2P $51.09, 3P $75.35; after‑tax – 1P $13.62, 2P $31.19, 3P $46.06.
  • Reserve Life Index: 1P = 8 years, 2P = 15 years, 3P = 19 years.
  • South America – 101 % PDP replacement; 258 MMBOE of 2P reserves added; 11 MMBOE (PDP) and 6 MMBOE (1P) reserve additions.
  • Canada – Re‑classification of Glauconitic development inventory to contingent resources: 19 MMBOE (1P) & 32 MMBOE (2P) moved; 74 MMBOE now classified as unrisked 2C contingent resources (≈50 % natural gas).
  • Future Development Costs (FDC) – 2P FDC reduced to $1.682 bn (down from $1.809 bn) due to lower Canadian capex and Suroriente spending.
  • Unrisked Contingent Resources – Glauconitic: 74 MMBOE (gas), 825 Mbbl oil (1C), 1,237 Mbbl (2C).
  • Prospective Resources (mean) – Total 118 MMBOE across Colombia/Ecuador prospects.
  • Pricing Assumptions – Brent $66.50/bbl (2026) rising to $80.10 by 2030; AECO gas $3.00‑$3.79/CAD per MMBtu.

Notable Quotes

“Our 2025 year‑end reserves and resources results reinforce the underlying strength and optionality of our asset base… We achieved greater than 100 % reserve replacement in South America on both a PDP and 2P basis.” – Gary Guidry, President & CEO


All figures are presented in U.S. dollars unless otherwise noted.

Read the original news release →

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