Gran Tierra Energy Inc. Announces Disposition of Simonette Assets

Executive Summary

• Gran Tierra Energy Inc. entered into a Purchase & Sale Agreement to sell its remaining working interest in the Simonette asset for C$62.5 million cash.
• The proceeds will be used to deleverage the balance sheet and re‑allocate capital toward higher‑return core opportunities.
• Closing is expected in Q1 2026, subject to customary conditions.

Key Details

• Transaction: Sale of 100% remaining working interest in the Simonette asset.
• Consideration: C$62.5 million cash payable at closing.
• Effective Date of Agreement: January 1 2026.
• Use of Proceeds: Primarily to reduce debt (deleveraging) and fund higher‑return projects within Gran Tierra’s core operating areas (Canada, Colombia, Ecuador).
• Closing Timeline: Anticipated during the first quarter of 2026, pending satisfaction of customary closing conditions.
• Strategic Rationale: Completes Gran Tierra’s exit from Simonette, aligns with portfolio optimization and disciplined capital allocation objectives.

Notable Quotes

(No direct quotes were provided in the release.)