Alejandra Andrade Carrillo

Josef Schachter

Isabella Pacheco

Robert Mann

Rodrigo Sanhueza

Anne Milne

Diego Espinoza

Greg Pardy

Harrison Lock

Peter Bowley

- Gran Tierra Energy Inc. reported a **net loss of $20 million** and **Adjusted EBITDA of $69 million** for the quarter ended September 30, 2025.  **[1273441_c454ce98b6034d1cb6e80de175bb0896_6]** **[1273441_c454ce98b6034d1cb6e80de175bb0896_10]** 
- Total average working interest production for Q3 2025 was **42,685 boepd**, a **30% increase** from Q3 2024, though **10% lower** than the prior quarter due to temporary external events.  **[1273441_c454ce98b6034d1cb6e80de175bb0896_6]** **[1273441_c454ce98b6034d1cb6e80de175bb0896_10]**  Current production averages approximately **45,200 boepd**.  **[1273441_c454ce98b6034d1cb6e80de175bb0896_2]** **[1273441_c454ce98b6034d1cb6e80de175bb0896_6]** 
- The company secured a **$200 million prepayment facility** and increased its Canadian Credit Facility from **C$50.0 million to C$75.0 million**, extending its maturity to **October 31, 2027**.  **[1273441_c454ce98b6034d1cb6e80de175bb0896_0]** **[1273441_c454ce98b6034d1cb6e80de175bb0896_5]** 
- Operational successes include **three major discoveries in Ecuador** and the **Cohembi field in Colombia achieving its highest production in a decade**, surpassing **9,000 gross bopd**.  **[1273441_c454ce98b6034d1cb6e80de175bb0896_0]** **[1273441_c454ce98b6034d1cb6e80de175bb0896_1]** **[1273441_c454ce98b6034d1cb6e80de175bb0896_3]** **[1273441_c454ce98b6034d1cb6e80de175bb0896_4]** 
- As of September 30, 2025, Gran Tierra had a cash balance of **$49 million**, total debt of **$804 million**, and net debt of **$755 million**.  **[1273441_c454ce98b6034d1cb6e80de175bb0896_6]**

Gran Tierra Energy Reports Q3 2025 Results and Operational Updates

- Gran Tierra Energy Inc.'s subsidiary, Gran Tierra Energy Colombia GmbH, entered into Oriente Crude Oil Agreements with Trafigura PTE Ltd. on **October 24, 2025**, which include a prepayment addendum providing an **initial advance of up to $150 million** and an **additional advance of up to $50 million**.  **[1273441_0001104659-25-103783_tm2529240d1_8k.htm:2]** 
- The funds from the prepayment addendum, which has a **final maturity date of four years**, will be used to **repay outstanding borrowings** under the existing Credit and Guaranty Agreement, finance the repurchase of senior notes, and fund capital expenditures.  **[1273441_0001104659-25-103783_tm2529240d1_8k.htm:2]** 
- Concurrently, an amendment to the existing Credit Agreement was executed on **October 23, 2025**, reducing the borrowing base to **$60 million**.  **[1273441_0001104659-25-103783_tm2529240d1_8k.htm:2]** **[1273441_0001104659-25-103783_tm2529240d1_ex10-2.htm:2]** 
- The amendment requires Gran Tierra Energy Colombia GmbH to prepay outstanding loans to **no more than $20 million** by the earlier of the first disbursement under the Prepayment Addendum or **January 23, 2026**.  **[1273441_0001104659-25-103783_tm2529240d1_8k.htm:2]** **[1273441_0001104659-25-103783_tm2529240d1_ex10-2.htm:3]**  As of **October 29, 2025**, the outstanding balance under the Credit Agreement was **$34.5 million**.  **[1273441_0001104659-25-103783_tm2529240d1_8k.htm:2]**

Gran Tierra Energy Subsidiary Enters Crude Oil Prepayment Agreement and Amends Credit Facility

- Gran Tierra Energy Inc. entered into Oriente Crude Oil Agreements, securing an initial advance of up to **$150 million** and a potential additional **$50 million**, to be satisfied by scheduled deliveries of Ecuadorian Oriente crude oil production.  **[1273441_3847df15fb8543d69e8d34d6e5900eb3_0]** 
- The company also amended its Colombian credit facility, which now permits the Oriente Crude Oil Agreements, reduces the borrowing base from **$75 million to $60 million**, and adjusts certain financial covenants.  **[1273441_3847df15fb8543d69e8d34d6e5900eb3_0]** 
- These proceeds are intended to **strengthen Gran Tierra's balance sheet** and enhance its financial flexibility.  **[1273441_3847df15fb8543d69e8d34d6e5900eb3_0]**

Gran Tierra Energy Inc. secures $200 million prepayment agreement and amends credit facility

GRAN TIERRA ENERGY (GTE)