Financial Data and Key Metrics Changes - Gran Tierra achieved record production of approximately 47,200 BOE per day, a 1% increase from the prior quarter and a 44% increase compared to Q2 2024 [6] - Sales decreased to $152 million, down 8% from 2024, primarily due to a 22% decrease in Brent pricing, partially offset by a 43% increase in sales volume [7] - The company incurred a net loss of $13 million, an improvement from a net loss of $19 million in the prior quarter, but a decline from net income of $36 million in the same quarter last year [7] - Funds flow from operations was $54 million or $1.53 per share, up 17% from 2024 but down 3% from the prior quarter [8] - Adjusted EBITDA was $77 million, down from $85 million in the prior quarter and $103 million in 2024 [8] Business Line Data and Key Metrics Changes - In Colombia, total working interest production averaged approximately 25,100 barrels of oil per day, driven by successful development drilling and improved waterflood execution [16] - The Costayaco wells showed strong initial results, with Costayaco 63 producing 800 barrels of oil per day and Costayaco 64 producing 1,300 barrels of oil per day [17] - In Canada, the Simonette Montney program continues to outperform, with new wells exceeding management's expectations [20] Market Data and Key Metrics Changes - Brent price decreased by 11% per barrel compared to the prior quarter, impacting oil sales [8] - The company has hedged approximately 50% of its South American oil production and 60% of its Canadian oil production for 2025 [13] Company Strategy and Development Direction - Gran Tierra is focused on enhancing liquidity through strategic initiatives, including potential non-core asset sales and a $200 million prepayment facility backed by crude oil deliveries [11] - The company is committed to capital discipline and operational excellence, aiming to deliver free cash flow and strengthen its financial position [14] Management's Comments on Operating Environment and Future Outlook - Management noted that all fields have performed as expected or better, despite normal interruptions in Colombia and Ecuador [26] - The company is optimistic about ramping up production in the second half of the year, particularly in Cohembi and Costayaco [30] Other Important Information - Gran Tierra has signed an MOU for potential entry into the Azerbaijani market, with plans to progress towards a production sharing agreement [57] - The company is actively looking to divest non-core assets and optimize its portfolio [37] Q&A Session Summary Question: Can you elaborate on production performance and expectations for H2? - Management indicated that all fields have performed as expected or better, with specific improvements noted in Cohembi and Ecuador [26][30] Question: What are the details regarding the prepayment facility? - The prepayment will involve selling oil for future prepayments over a four-year term, structured to minimize cash flow impact [31][32] Question: Any updates on asset sales? - Management confirmed ongoing efforts to divest non-core assets, with more details expected in Q3 [37] Question: How will free cash flow be generated? - The primary driver for free cash flow will be lower capital expenditures, alongside supportive oil prices [39] Question: What is the impact of pipeline disruptions in Colombia? - Pipeline disruptions in Ecuador affected production, but operations have returned to normal [43] Question: What is the strategy for hedging? - The company aims to maintain a systematic hedging program, targeting 30-50% coverage six months out [55] Question: Can you provide details on the Azerbaijani market entry? - The project will have a five-year first phase with low costs, and production could start within the same year a discovery is made [66]

Company Overview - Gran Tierra Energy is an independent international energy company focused on Canada, Colombia, and Ecuador[17] - Q2 2025 production was approximately 47 MBOEPD[19] - The company has repurchased almost 7.5 million shares, representing 20% of its outstanding shares since January 1, 2022[16] Reserves and Valuation - 1P reserves are estimated at 167 MMBOE with a 10-year Reserve Life Index (RLI)[20] - 2P reserves are estimated at 293 MMBOE with a 17-year RLI[20] - 1P After-Tax NPV10 is valued at US$1.4 billion, or US$19.51 per share[20] - 2P After-Tax NPV10 is valued at US$2.2 billion, or US$41.03 per share[20] Financial Objectives and Hedging - The company targets generating approximately $20 million of free cash flow based on the base case of guidance[72] - The company aims for a Net Debt to EBITDA ratio of 0.8 to 1.2 times by the end of 2026, with gross debt less than $600 million[72] - The company targets a Net Debt to EBITDA ratio of less than 1.0 times and gross debt of less than $500 million by the end of 2027[72]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 001-34018 GRAN TIERRA ENERGY INC. (Exact name of registrant as specified in its charter) Delaware 98-0479924 (S ...

Core Insights - Gran Tierra Energy Inc. reported record-setting production for the quarter ended June 30, 2025, with an average production of 47,196 barrels of oil equivalent per day (boepd), reflecting a 44% increase compared to the same quarter in 2024 [2][12] - The company achieved funds flow from operations of $54 million and adjusted EBITDA of $77 million, indicating strong operational performance despite a net loss of $13 million for the quarter [6][12] - Gran Tierra is actively pursuing growth opportunities in Ecuador and Colombia, with plans for high-impact exploration wells and successful development drilling in existing fields [3][4] Operational Performance - The company successfully drilled multiple wells in Colombia, including the Costayaco-63 and Costayaco-64, with production rates of approximately 800 and 1,300 barrels of oil per day, respectively [7][10] - In Canada, Gran Tierra's Montney and Clearwater assets showed promising results, with three gross wells brought on stream during the quarter, exceeding expectations [4][10] - Gran Tierra maintained a record of 32 million hours without a lost time injury, showcasing its commitment to safety [6][7] Financial Metrics - Total oil, natural gas, and NGL sales amounted to $152 million, down 8% from the second quarter of 2024, primarily due to a 22% decrease in Brent pricing [12][14] - Operating costs per boe were recorded at $13.42, the lowest since Q1 2022, reflecting a 17% decrease compared to the same quarter in 2024 [6][12] - The company signed a mandate letter for funding of up to $200 million, aimed at enhancing financial flexibility and supporting long-term capital planning [6][10] Strategic Developments - Gran Tierra is optimizing its portfolio by signing a binding agreement to exit its UK North Sea assets, expected to close in Q3 2025 [4][6] - The company has implemented a disciplined hedging strategy, securing downside protection while preserving upside exposure, with significant hedging gains recorded during the quarter [10][12] - Capital expenditures for the quarter were $51 million, lower than previous quarters, with a focus on drilling and infrastructure in Colombia [12][16]

[1. Executive Summary & Operational Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Operational%20Highlights) The company achieved record Q2 2025 production and strong operational results across its international portfolio [1.1 Message to Shareholders](index=1&type=section&id=Message%20to%20Shareholders) Gran Tierra achieved record Q2 2025 production through strong operational execution in Colombia, Ecuador, and Canada - Gran Tierra delivered **record-setting production** in Q2 2025, reflecting strength across its diversified portfolio in Colombia, Ecuador, and Canada[3](index=3&type=chunk) - In Ecuador, the company is building on Iguana Block discoveries with planned drilling of **two high-impact exploration wells** in the Charapa Block later in 2025[4](index=4&type=chunk) - In Colombia, successful development drilling at Costayaco and Cohembi validates disciplined reservoir management[4](index=4&type=chunk) - Canadian Montney and Clearwater assets delivered encouraging results, with **three gross wells (1.2 net)** brought on stream, outperforming expectations[5](index=5&type=chunk) - The company continues portfolio optimization with the signed disposition of UK North Sea assets, expected to close in Q3 2025[5](index=5&type=chunk) [1.2 Operational Update & Key Highlights](index=1&type=section&id=Operational%20Update) The company reports record quarterly production, strong financial metrics, and key operational advancements across its assets Q2 2025 Key Operational & Financial Highlights | Metric | Value | Change (vs. Q1 2025) | Change (vs. Q2 2024) | | :-------------------------------- | :-------------------- | :------------------- | :------------------- | | Total Company Average Quarterly Production | 47,196 boepd | +1% | +44% | | Funds Flow From Operations | $54 million | -3% | +17% | | Adjusted EBITDA | $77 million | -9% | -25% | | Operating Costs per boe | $13.42 | -16% | -17% | | Net Loss | $(13) million | -33% (less loss) | N/A (vs. $36M income) | - Achieved a company record of **32 million person-hours** without a lost time injury since 2022[7](index=7&type=chunk)[8](index=8&type=chunk) - In Ecuador, civil works are underway for drilling two exploration wells in the Charapa Block (Conejo prospect), expected to commence late Q3 2025[8](index=8&type=chunk)[9](index=9&type=chunk) - In Colombia, the Costayaco-63 well is producing **~800 bopd** and Costayaco-64 is producing **~1,300 bopd**[12](index=12&type=chunk) - Cohembi program saw average drilling costs **reduced by 47%** from the prior operator and a waterflood response increasing production by over **2,600 bopd gross**[12](index=12&type=chunk) - Acordionero production averaged **~14,200 bopd**, up from ~13,800 bopd in Q1 2025, due to increased total fluid production and water injection[12](index=12&type=chunk) - In Canada (Simonette), the first two Lower Montney wells were completed and brought on stream in April 2025, **outperforming management's current type curves**[12](index=12&type=chunk) [2. Financial Performance Overview](index=3&type=section&id=Financial%20Performance%20Overview) This section details the company's Q2 2025 financial results, including key metrics, sales, expenses, and cash flow [2.1 Key Financial Metrics](index=3&type=section&id=Additional%20Key%20Financial%20Metrics) The company reported a net loss of $13 million, with decreased Adjusted EBITDA and Funds Flow from Operations Q2 2025 Key Financial Metrics | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :----------------------------------- | :------ | :------ | :------ | | Net Income (Loss) ($M) | (13) | (19) | 36 | | Adjusted EBITDA ($M) | 77 | 85 | 103 | | Funds Flow from Operations ($M) | 54 | 55 | 46 | | Net Cash Provided by Operating Activities ($M) | 35 | 73 | 73 | | Capital Expenditures ($M) | 51 | 95 | 61 | | Oil, Natural Gas and NGL Sales ($M) | 152 | 171 | 166 | | Operating Expenses per boe ($) | 13.42 | 15.89 | 16.17 | | Operating Netback ($/boe) | 21.39 | 22.70 | 38.80 | | Cash Netback ($/boe) | 12.95 | 13.04 | 15.85 | - As of June 30, 2025, the Company had a cash balance of **$61 million**, total debt of **$807 million**, and net debt of **$746 million**[15](index=15&type=chunk) - Gran Tierra repurchased **239,754 shares** of common stock during the Quarter, contributing to approximately **5.2 million shares repurchased** since January 1, 2023[15](index=15&type=chunk) South American Quality and Transportation Discounts ($/bbl) | Differential | Q2 2025 | Q1 2025 | Q2 2024 | | :--------------------------------- | :------ | :------ | :------ | | South American Quality & Transport | 10.30 | 11.58 | 12.79 | | Castilla | 4.73 | 5.34 | 8.21 | | Vasconia | 1.71 | 2.27 | 4.00 | | Oriente | 7.26 | 7.65 | 8.38 | - Operating expenses per boe **decreased by 17% YoY and 16% QoQ**, marking the lowest per boe expense since Q1 2022[17](index=17&type=chunk) [2.2 Consolidated Financial Data (Table)](index=5&type=section&id=Consolidated%20Financial%20Data) This section provides a consolidated overview of Gran Tierra's financial and operational performance Consolidated Financial and Operational Highlights | Metric (000s) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Three Months Ended March 31, 2025 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :------------------------------------------------- | :------------------------------- | :------------------------------- | :-------------------------------- | :------------------------------- | :------------------------------- | | Net (Loss) Income | $(12,741) | $36,371 | $(19,280) | $(32,021) | $36,293 | | Oil, Natural Gas and NGL Sales | $152,481 | $165,609 | $170,533 | $323,014 | $323,186 | | Operating Expenses | (55,855) | (47,035) | (67,354) | (123,209) | (95,501) | | Transportation Expenses | (7,618) | (5,690) | (6,911) | (14,529) | (10,274) | | Operating Netback | $89,008 | $112,884 | $96,268 | $185,276 | $217,411 | | Adjusted EBITDA | $76,987 | $103,004 | $85,162 | $162,149 | $197,796 | | Net Cash Provided by Operating Activities | $34,677 | $73,233 | $73,230 | $107,907 | $134,060 | | Funds Flow from Operations | $53,906 | $46,167 | $55,344 | $109,250 | $120,474 | | Capital Expenditures | $51,170 | $61,273 | $94,727 | $145,897 | $116,604 | | Free Cash Flow | $2,736 | $(15,106) | $(39,383) | $(36,647) | $3,870 | | WI Production Before Royalties (boe/d) | 47,196 | 32,776 | 46,647 | 46,923 | 32,509 | | Production NAR (boe/d) | 39,800 | 26,002 | 38,563 | 39,185 | 25,923 | | Sales (boe/d) | 38,331 | 25,191 | 39,024 | 38,676 | 25,635 | | Cash Netback ($/boe) | $12.95 | $15.85 | $13.04 | $12.99 | $20.54 | [3. Regional Operational Performance](index=7&type=section&id=Regional%20Operational%20Performance) This section details the operational and financial results for the company's South American and Canadian assets [3.1 South American Operations](index=7&type=section&id=South%20American%20Operational%20Information) South American operations generated $71.5 million in operating netback on 29,700 boepd of production South American Operational Information | Metric (000s) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Three Months Ended March 31, 2025 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :------------------------------------ | :------------------------------- | :------------------------------- | :-------------------------------- | :------------------------------- | :------------------------------- | | Oil Sales | $118,187 | $165,609 | $138,671 | $256,858 | $323,186 | | Operating Expenses | (42,554) | (47,035) | (50,827) | (93,381) | (95,501) | | Transportation Expenses | (4,176) | (5,690) | (4,304) | (8,480) | (10,274) | | Operating Netback | $71,457 | $112,884 | $83,540 | $154,997 | $217,411 | | Capital Expenditures | $49,327 | $60,806 | $64,984 | $114,311 | $116,137 | | WI Production Before Royalties (boe/d) | 29,700 | 32,776 | 29,686 | 29,693 | 32,509 | | Production NAR (boe/d) | 24,491 | 26,002 | 23,842 | 24,168 | 25,923 | | Sales (boe/d) | 23,022 | 25,191 | 24,303 | 23,659 | 25,635 | | Brent ($/bbl) | $66.71 | $85.03 | $74.98 | $70.81 | $83.42 | | Operating Netback ($/boe) | $27.81 | $38.80 | $30.79 | $29.34 | $37.07 | [3.2 Canadian Operations](index=8&type=section&id=Canadian%20Operational%20Information) Canadian operations generated a $17.6 million operating netback on 17,496 boepd of production Canadian Operational Information | Metric (000s) | Three Months Ended June 30, 2025 | Three Months Ended March 31, 2025 | Six Months Ended June 30, 2025 | | :------------------------------------ | :------------------------------- | :-------------------------------- | :------------------------------- | | Oil Sales | $23,196 | $21,269 | $44,465 | | Natural Gas Sales | 6,894 | 7,561 | 14,455 | | NGL Sales | 6,364 | 7,997 | 14,361 | | Royalties | (2,158) | (4,966) | (7,124) | | Oil, Natural Gas and NGL Sales After Royalties | $34,296 | $31,861 | $66,157 | | Operating Expenses | (13,301) | (16,527) | (29,828) | | Transportation Expenses | (3,442) | (2,607) | (6,049) | | Operating Netback | $17,553 | $12,727 | $30,280 | | Capital Expenditures | $1,796 | $29,360 | $31,156 | | Crude Oil (bbl/d) | 4,335 | 3,623 | 3,981 | | Natural Gas (mcf/d) | 50,124 | 49,860 | 49,992 | | NGLs (bbl/d) | 4,807 | 5,029 | 4,917 | | WI Production Before Royalties (boe/d) | 17,496 | 16,961 | 17,230 | | Production NAR (boe/d) | 15,309 | 14,721 | 15,017 | | Sales (boe/d) | 15,309 | 14,721 | 15,017 | | West Texas Intermediate ($/bbl) | 63.81 | 71.47 | 67.60 | | AECO Natural Gas Price (C$/GJ) | 1.60 | 2.05 | 1.82 | | Operating Netback ($/boe) | $11.03 | $8.33 | $9.72 | [4. Liquidity and Risk Management](index=2&type=section&id=Liquidity%20and%20Risk%20Management) The company outlines its strategies for enhancing liquidity and managing commodity price risk through its hedging program [4.1 Funding and Credit Facilities](index=2&type=section&id=Enhanced%20Liquidity) Gran Tierra is enhancing liquidity via a new prepayment facility and has maintained its Canadian credit facility - Gran Tierra signed a mandate letter for a **$200 million prepayment facility** backed by crude oil deliveries, expected to close in Q3 2025[12](index=12&type=chunk) - The Canadian credit facility's borrowing base was confirmed at an unchanged **C$100 million**, with C$50 million in available commitments[12](index=12&type=chunk) [4.2 Hedging Program](index=2&type=section&id=Hedging%20Strategy) The company's risk-managed hedging strategy protects cash flow and provides downside price protection - The company's disciplined, risk-managed hedging strategy contributed a **$14 million derivative hedging gain** during the Quarter[12](index=12&type=chunk) Hedging Program Details | Asset | Period | % Hedged | Weighted Average Floor ($/bbl or $/GJ) | Weighted Average Ceiling ($/bbl or $/GJ) | | :-------------------------- | :------------- | :------- | :------------------------------------- | :--------------------------------------- | | South American Oil (Brent) | H2 2025 | ~50% | $63.16 | $76.50 | | South American Oil (Brent) | H1 2026 | ~33% | $61.67 | $75.58 | | Canadian Oil (WTI) | H2 2025 | ~60% | $61.67 | $72.37 | | Canadian Oil (WTI) | H1 2026 | ~50% | $56.82 | $72.01 | | Canadian Gas (AECO) | H2 2025 | ~40% | $2.82 | $2.96 | | FX Hedges (COP to USD) | 12-month (from Apr 2025) | $10M/month | 4,430 | 4,705 | [5. Non-GAAP Measures & Legal Disclosures](index=9&type=section&id=Non-GAAP%20Measures%20%26%20Legal%20Disclosures) This section provides reconciliations for non-GAAP measures and includes important legal advisories [5.1 Non-GAAP Measures Explanation and Reconciliation](index=9&type=section&id=Non-GAAP%20Measures) This section defines and reconciles non-GAAP financial measures used to analyze performance - Non-GAAP measures like Funds Flow from Operations, Operating Netback, Net Debt, Cash Netback, EBITDA, and Adjusted EBITDA do not have standardized meanings under GAAP[22](index=22&type=chunk)[33](index=33&type=chunk) Cash Netback Reconciliation ($000s) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Three Months Ended March 31, 2025 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :------------------------------------ | :------------------------------- | :------------------------------- | :-------------------------------- | :------------------------------- | :------------------------------- | | Net (Loss) Income | $(12,741) | $36,371 | $(19,280) | $(32,021) | $36,293 | | DD&A expenses | 68,635 | 55,490 | 72,202 | 140,837 | 111,640 | | Deferred tax expense (recovery) | 2,453 | (51,361) | (4,712) | (2,259) | (37,882) | | Stock-based compensation expense (recovery) | 546 | 6,160 | (517) | 29 | 9,521 | | Amortization of debt issuance costs | 4,082 | 2,760 | 3,833 | 7,915 | 6,066 | | Non-cash lease expense | 1,725 | 1,381 | 1,736 | 3,461 | 2,794 | | Lease payments | (1,545) | (1,311) | (1,567) | (3,112) | (2,369) | | Unrealized foreign exchange loss (gain) | 3,114 | (3,323) | 1,687 | 4,801 | (5,589) | | Other loss | 38 | — | 52 | 90 | — | | Unrealized derivative instrument (gain) loss | (12,401) | — | 1,910 | (10,491) | — | | **Cash netback** | **$53,906** | **$46,167** | **$55,344** | **$109,250** | **$120,474** | EBITDA and Adjusted EBITDA Reconciliation ($000s) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Three Months Ended March 31, 2025 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | Twelve Month Trailing June 30, 2025 | | :------------------------------------ | :------------------------------- | :------------------------------- | :-------------------------------- | :------------------------------- | :------------------------------- | :------------------------------------ | | Net (Loss) Income | $(12,741) | $36,371 | $(19,280) | $(32,021) | $36,293 | $(65,098) | | DD&A expenses | 68,635 | 55,490 | 72,202 | 140,837 | 111,640 | 259,816 | | Interest expense | 24,366 | 18,398 | 23,235 | 47,601 | 36,822 | 91,245 | | Income tax expense (recovery) | 4,648 | (9,072) | 3,553 | 8,201 | 8,323 | 41,267 | | **EBITDA** | **$84,908** | **$101,187** | **$79,710** | **$164,618** | **$193,078** | **$327,230** | | Non-cash lease expense | 1,725 | 1,381 | 1,736 | 3,461 | 2,794 | 6,590 | | Lease payments | (1,545) | (1,311) | (1,567) | (3,112) | (2,369) | (5,778) | | Foreign exchange loss (gain) | 3,716 | (4,413) | 3,838 | 7,554 | (5,228) | 3,974 | | Stock-based compensation expense (recovery) | 546 | 6,160 | (517) | 29 | 9,521 | 215 | | Other loss | 38 | — | 52 | 90 | — | 90 | | Unrealized derivative instrument (gain) loss | (12,401) | — | 1,910 | (10,491) | — | (7,117) | | **Adjusted EBITDA** | **$76,987** | **$103,004** | **$85,162** | **$162,149** | **$197,796** | **$325,204** | Funds Flow From Operations and Free Cash Flow Reconciliation ($000s) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Three Months Ended March 31, 2025 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | Twelve Month Trailing June 30, 2025 | | :------------------------------------ | :------------------------------- | :------------------------------- | :-------------------------------- | :------------------------------- | :------------------------------- | :------------------------------------ | | Net (Loss) Income | $(12,741) | $36,371 | $(19,280) | $(32,021) | $36,293 | $(65,098) | | DD&A expenses | 68,635 | 55,490 | 72,202 | 140,837 | 111,640 | 259,816 | | Deferred tax expense (recovery) | 2,453 | (51,361) | (4,712) | (2,259) | (37,882) | 7,735 | | Stock-based compensation expense (recovery) | 546 | 6,160 | (517) | 29 | 9,521 | 215 | | Amortization of debt issuance costs | 4,082 | 2,760 | 3,833 | 7,915 | 6,066 | 14,767 | | Non-cash lease expense | 1,725 | 1,381 | 1,736 | 3,461 | 2,794 | 6,590 | | Lease payments | (1,545) | (1,311) | (1,567) | (3,112) | (2,369) | (5,778) | | Unrealized foreign exchange loss (gain) | 3,114 | (3,323) | 1,687 | 4,801 | (5,589) | 2,497 | | Other loss | 38 | — | 52 | 90 | — | 90 | | Unrealized derivative instrument (gain) loss | (12,401) | — | 1,910 | (10,491) | — | (7,117) | | **Funds flow from operations** | **$53,906** | **$46,167** | **$55,344** | **$109,250** | **$120,474** | **$213,717** | | Capital expenditures | $51,170 | $61,273 | $94,727 | $145,897 | $116,604 | $285,471 | | **Free cash flow** | **$2,736** | **$(15,106)** | **$(39,383)** | **$(36,647)** | **$3,870** | **$(71,754)** | - Net debt as of June 30, 2025, was **$746 million**, calculated as total debt ($807 million) less cash and cash equivalents ($61 million)[36](index=36&type=chunk) [5.2 Forward-Looking Statements and Legal Advisories](index=10&type=section&id=Forward%20Looking%20Statements%20and%20Legal%20Advisories) This section contains forward-looking statements and highlights factors that could cause different results - This press release contains forward-looking statements regarding business strategy, future operations, capital spending, liquidity, and expectations for 2025[27](index=27&type=chunk) - Important factors that could cause actual results to differ materially include integration challenges, operational disruptions, and global market conditions[28](index=28&type=chunk)[29](index=29&type=chunk) - Forward-looking statements are based on certain assumptions and are subject to risks and uncertainties beyond Gran Tierra's control[30](index=30&type=chunk) - Forecasts of expected liquidity and credit facility balances are considered future-oriented financial information and are highly subjective[31](index=31&type=chunk) [5.3 Presentation of Oil and Gas Information](index=14&type=section&id=Presentation%20of%20Oil%20and%20Gas%20Information) This section clarifies the presentation of oil and gas information, including boe conversions and metrics - Boe conversions (6 Mcf: 1 boe) are based on energy equivalency and may be misleading as an indication of value[37](index=37&type=chunk) - References to hydrocarbon evidence or oil pay are not necessarily indicators of commercial recoverability or estimated volume[38](index=38&type=chunk) - Oil and gas metrics like operating netback and cash netback are non-standardized and may not be comparable to other companies[39](index=39&type=chunk)[40](index=40&type=chunk) [6. Corporate Information](index=10&type=section&id=Corporate%20Information) This section provides details for the upcoming conference call and corporate contact information [6.1 Conference Call & Corporate Presentation](index=10&type=section&id=Conference%20Call%20Information) Gran Tierra will host a conference call on July 31, 2025, to discuss its Q2 2025 results - Gran Tierra will host its Q2 2025 results conference call on **Thursday, July 31, 2025**, at 9:00 a.m. Mountain Time[23](index=23&type=chunk) - The Company's Corporate Presentation has been updated and is available on www.grantierra.com[24](index=24&type=chunk) [6.2 Contact Information & About Gran Tierra](index=10&type=section&id=Contact%20Information) This section provides contact details and a brief overview of Gran Tierra Energy Inc - For investor and media inquiries, contact Gary Guidry (President & CEO) or Ryan Ellson (EVP & CFO) at +1-403-265-3221[25](index=25&type=chunk) - Gran Tierra Energy Inc. is an independent international energy company focused on oil and natural gas exploration and production in Canada, Colombia, and Ecuador[25](index=25&type=chunk) - SEC, Canadian, and UK filings are available on their respective regulatory websites[26](index=26&type=chunk)

Core Points - Gran Tierra Energy Inc. will release its 2025 second quarter financial and operating results on July 30, 2025, after market close [1] - A conference call to discuss the results will be held on July 31, 2025, at 9:00 a.m. Mountain Time, 11:00 a.m. Eastern Time [1] Participation Details - Interested parties must register through a provided link to participate in the conference call, as there is no general dial-in number [2] - After registration, participants will receive a unique PIN and call-in details, with an option for a "Call Me" feature [2] Webcast Information - The live webcast of the conference call will be accessible via a link on Gran Tierra's website, and an audio replay will be available for two hours post-call until July 31, 2026 [3] Company Overview - Gran Tierra Energy Inc. is an independent international energy company focused on oil and natural gas exploration and production in Canada, Colombia, and Ecuador [4] - The company is developing its existing asset portfolio and pursuing new growth opportunities to strengthen its position [4] - Gran Tierra's common stock trades on multiple exchanges under the ticker symbol GTE [4]

Company Announcement - Gran Tierra Energy Inc. announced that Peter Dey will step down from the Board at the end of June 2025 for personal reasons, but will remain available for consultation until the end of 2025 during the search for a replacement [1][2] Leadership Acknowledgment - The Board of Directors expressed gratitude for Peter Dey's leadership and guidance since 2015, highlighting his expertise in board governance and strategic input as instrumental in navigating the industry [2] Company Overview - Gran Tierra Energy Inc. is an independent international energy company focused on oil and natural gas exploration and production in Canada, Colombia, and Ecuador, and is developing its existing asset portfolio while pursuing new growth opportunities [3]

Core Viewpoint - Gran Tierra Energy Inc. has announced the sale of its wholly owned subsidiary Gran Tierra North Sea Limited to NEO Energy for a total consideration of US$7.5 million, with the transaction expected to close in the third quarter of 2025 [1][2]. Group 1: Transaction Details - The sale involves Gran Tierra North Sea Limited, which holds a 100% equity interest in UKCS licence P2358, including the Serenity Discovery [2]. - The completion of the transaction is subject to customary conditions, including consent from the North Sea Transition Authority regarding the change of control of Gran Tierra North Sea Limited [2]. Group 2: Company Overview - Gran Tierra Energy Inc. is an independent international energy company focused on oil and natural gas exploration and production in Canada, Colombia, and Ecuador [3]. - The company is actively developing its existing asset portfolio and pursuing new growth opportunities to strengthen its overall portfolio [3].

Core Viewpoint - Gran Tierra Energy Inc. reported strong operational execution and disciplined financial management in Q1 2025, achieving record production and successful exploration efforts, while focusing on debt reduction and shareholder returns through a buyback program [2][4]. Financial Performance - Total average working interest production was 46,647 boepd, a 14% increase from Q4 2024 and a 45% increase from Q1 2024 [14]. - The company incurred a net loss of $19 million, an improvement from a net loss of $34 million in the prior quarter [14]. - Adjusted EBITDA was $85 million, compared to $76 million in the prior quarter [14]. - Net cash provided by operating activities was $73 million, up 175% from the prior quarter [14]. - Funds flow from operations was $55 million, a 25% increase from the prior quarter [14]. Operational Highlights - Gran Tierra achieved record total company average quarterly production of 46,647 boepd [4]. - Successful drilling in Ecuador resulted in two additional oil discoveries with an average production rate of approximately 1,684 bopd [5]. - In Colombia, the company drilled three wells from the Cohembi North Pad, completing them under budget and 60% faster than the previous operator [5]. - The Acordionero field maintained strong performance with average production of 13,824 boepd, a 2% increase from Q4 2024 [5]. Capital Expenditures and Liquidity - Capital expenditures for the quarter were $95 million, higher than the previous quarter due to active development programs in Canada and Ecuador [12]. - The company exited the quarter with $77 million in cash and secured an additional $75 million credit facility [4][12]. - Total debt stood at $760 million, with net debt of $683 million [14]. Exploration and Development - Gran Tierra's exploration efforts in Ecuador and Colombia continue to yield positive results, reinforcing the quality of its assets [2]. - The company plans to drill eight to ten additional wells in the Acordionero field in 2026, targeting high oil saturation areas [6]. - In Canada, the company successfully drilled two Lower Montney wells, achieving early production performance that surpassed prior offset wells by 80% [9]. Guidance and Future Outlook - Gran Tierra reaffirmed its 2025 consolidated guidance, projecting production between 47,000 and 53,000 boepd [11]. - The company anticipates operating netback of $330-370 million under various Brent oil price scenarios [11].

[First Quarter 2025 Performance Overview](index=1&type=section&id=First%20Quarter%202025%20Performance%20Overview) This section provides an overview of Gran Tierra Energy Inc.'s Q1 2025 performance, highlighting strong operational execution, financial discipline, and key achievements [Message to Shareholders](index=1&type=section&id=Message%20to%20Shareholders) Gran Tierra Energy Inc. demonstrated strong Q1 2025 operational execution and financial discipline, prioritizing debt reduction and shareholder returns through a front-loaded capital program and exploration success - The company's Q1 2025 performance was characterized by **strong operational execution and disciplined financial management**, supported by a **front-loaded capital program** with up to five active rigs[3](index=3&type=chunk) - Key priorities include **lowering leverage** through **debt reduction** and generating returns via a **share buyback program**[3](index=3&type=chunk) - Focused **exploration efforts** continue to yield **successful results**, reinforcing asset quality and long-term value creation strategy[3](index=3&type=chunk) [Key Operational Highlights](index=1&type=section&id=Key%20Operational%20Highlights) Gran Tierra achieved record Q1 2025 production of **46,647 boepd**, continued exploration success, and strengthened its balance sheet with **$77 million** cash and a new **$75 million** credit facility - Achieved **Record Total Company Average Quarterly Production of 46,647 boepd**[5](index=5&type=chunk) - **Ecuador Exploration Success** Continues with **Additional Oil Discoveries** in Iguana Block[5](index=5&type=chunk) - Exited the Quarter with **$77 Million in Cash**, Paid Down **$27 Million of Debt**, and secured a **New $75 Million Credit Facility**[5](index=5&type=chunk) [Operational Review by Region](index=1&type=section&id=Operational%20Review%20by%20Region) This section reviews Gran Tierra's Q1 2025 operational performance across Ecuador, Colombia, and Canada, highlighting drilling successes and production optimizations [Ecuador Operations](index=1&type=section&id=Ecuador%20Operations) Gran Tierra successfully drilled two additional oil discoveries, Iguana B1 and B2, in Ecuador's Iguana Block, achieving record drilling times and producing approximately **1,684 bopd** - Successfully drilled **two additional oil discoveries**, Iguana B1 and Iguana B2 wells, on the Iguana Block[6](index=6&type=chunk) - Combined wells produced an average of **~1,684 bopd** over 30 days from the U-Sand formation[6](index=6&type=chunk) - Iguana B1 well was drilled and completed in **record time and under budget**, setting a new pace for Ecuador exploration[6](index=6&type=chunk) [Colombia Operations](index=1&type=section&id=Colombia%20Operations) In Colombia, Gran Tierra successfully drilled three wells at Cohembi North Pad, completed the Cohembi Central Processing Facility, and increased Acordionero field production by **2%** QoQ through waterflood optimization - Successfully drilled the **first three of five wells** from the Cohembi North Pad, **60% faster and under budget**[6](index=6&type=chunk) - Cohembi civil, electrical, and mechanical field works reached **100% mechanical completion**[10](index=10&type=chunk) - Acordionero field production **increased 2%** from Q4 2024 to **13,824 boepd** in Q1 2025, with current production (April 2025) at **~14,500 boepd (5% increase)** from Q1 average due to waterflood optimization[10](index=10&type=chunk) [Canada Operations](index=2&type=section&id=Canada%20Operations) In Canada, Gran Tierra successfully drilled two Lower Montney wells at Simonette, exceeding type curves with **814 boe/d** gross production, acquired **21** prospective land sections, and participated in two successful Clearwater wells - Successfully drilled and completed **two Lower Montney wells** at Simonette, with average gross production of **814 boe/d (84% liquids)** after 21 days, **surpassing prior offset well performance by 80%** and **exceeding budgeted type curves**[10](index=10&type=chunk) - Acquired **21 sections** of prospective land in Central Alberta, adding **over 50 potential drilling opportunities**[10](index=10&type=chunk) - Participated in the successful drilling of **two gross (0.5 net) wells** at Clearwater, including a 4-legged injector for a waterflood pilot and a 14-legged non-op well to test heavy oil productivity[10](index=10&type=chunk) [Financial Performance Analysis](index=2&type=section&id=Financial%20Performance%20Analysis) This section analyzes Gran Tierra's Q1 2025 financial performance, covering consolidated highlights, funds flow, debt, capital expenditures, and detailed revenue and expense analysis [Consolidated Financial Highlights](index=2&type=section&id=Consolidated%20Financial%20Highlights) Gran Tierra reported a Q1 2025 net loss of **$19 million**, an improved **Adjusted EBITDA of $85 million**, and a significant **175% QoQ** increase in net cash from operating activities to **$73 million** Q1 2025 Consolidated Financial Highlights | Metric | Q1 2025 | Q4 2024 | Q1 2024 | | :-------------------------------- | :------ | :------ | :------ | | Net Income (Loss) | $(19) million | $(34) million | $0 million | | Adjusted EBITDA | $85 million | $76 million | $95 million | | Net Cash Provided by Operating Activities | $73 million | $26.6 million | $60.8 million | - Total average WI production was **46,647 boepd**, **14% higher** than Q4 2024 and **45% higher** than Q1 2024, driven by Canadian production and Ecuador exploration success[10](index=10&type=chunk) - Net Debt to Adjusted EBITDA (twelve-month trailing) was **1.9 times**, with a long-term target of **1.0 times**[10](index=10&type=chunk) [Key Financial Metrics Deep Dive](index=3&type=section&id=Key%20Financial%20Metrics%20Deep%20Dive) Gran Tierra's Q1 2025 Funds Flow from Operations increased **25% QoQ** to **$55 million**, supported by **$77 million** cash and **$110 million** undrawn credit, while capital expenditures rose to **$95 million** and oil sales increased **16% QoQ** to **$171 million** [Funds Flow, Cash & Debt, and Liquidity](index=3&type=section&id=Funds%20Flow%2C%20Cash%20%26%20Debt%2C%20and%20Liquidity) This section details Gran Tierra's Q1 2025 funds flow from operations, cash balance, total debt, net debt, and liquidity position Funds Flow from Operations and Cash/Debt | Metric | Q1 2025 | Q4 2024 | Q1 2024 | | :-------------------------- | :------ | :------ | :------ | | Funds Flow from Operations | $55 million | $44 million | $74 million | | Cash Balance (as of Mar 31) | $77 million | - | - | | Total Debt (as of Mar 31) | $760 million | - | - | | Net Debt (as of Mar 31) | $683 million | - | - | - Funds flow from operations **increased 25%** from Q4 2024 but **decreased 26%** from Q1 2024 due to lower oil prices[12](index=12&type=chunk) - Repaid **$25 million** of 6.25% Senior Notes due 2025 and repurchased **$2 million** of 9.5% Senior Notes due 2029[12](index=12&type=chunk) - Secured approximately **$110 million** in undrawn credit and lending facilities, including a new **$75 million** reserve-based lending facility in Colombia[12](index=12&type=chunk) [Capital Expenditures and Share Buybacks](index=3&type=section&id=Capital%20Expenditures%20and%20Share%20Buybacks) This section outlines Gran Tierra's Q1 2025 capital expenditures and share buyback activities, reflecting investment in development programs and shareholder returns Capital Expenditures | Metric | Q1 2025 | Q4 2024 | Q1 2024 | | :----------------- | :------ | :------ | :------ | | Capital Expenditures | $95 million | $79 million | $55 million | - Capital expenditures **increased** due to the Canadian development program, active Ecuador exploration, and Cohembi field development in Colombia[12](index=12&type=chunk) - Repurchased **453,050 shares** in Q1 2025, contributing to approximately **5.2 million shares (15% of shares outstanding on Jan 1, 2023)** repurchased since January 1, 2023[12](index=12&type=chunk) [Revenue and Expense Analysis](index=3&type=section&id=Revenue%20and%20Expense%20Analysis) This section provides a detailed analysis of Gran Tierra's Q1 2025 oil sales, South American quality and transportation discounts, operating expenses, and transportation expenses Oil Sales and Expenses | Metric | Q1 2025 | Q4 2024 | Q1 2024 | | :------------------------------------ | :------ | :------ | :------ | | Oil Sales | $171 million | $147 million | $158 million | | South American Quality & Trans. Discounts | $11.58/bbl | $13.94/bbl | $15.36/bbl | | Operating Expenses | $67 million | $61 million | $48 million | | Operating Expenses (per boe) | $15.89/boe | $16.39/boe | $16.40/boe | | Transportation Expenses | $7 million | $4 million | $4.5 million | - Oil sales **increased 16% QoQ and 8% YoY**, driven by **45% higher sales volumes** and tightening oil differentials, offsetting lower Brent pricing[12](index=12&type=chunk) - South American quality and transportation discounts **decreased to $11.58 per bbl**, down from $13.94 in Q4 2024 and $15.36 in Q1 2024, indicating improved realized prices[12](index=12&type=chunk) - Operating expenses **increased 11% QoQ and 39% YoY** in total, primarily due to new Canadian operations and increased production volumes, but **decreased 3% on a per boe basis** compared to Q1 2024 and Q4 2024[12](index=12&type=chunk) - Transportation expenses **increased 62% QoQ and 51% YoY** due to new Canadian operations and higher sales volumes in Ecuador[12](index=12&type=chunk) [2025 Outlook and Guidance](index=4&type=section&id=2025%20Outlook%20and%20Guidance) This section presents Gran Tierra's reconfirmed 2025 consolidated and country-specific guidance, including production targets, commodity price assumptions, capital expenditures, and free cash flow projections [Consolidated 2025 Guidance](index=4&type=section&id=Consolidated%202025%20Guidance) Gran Tierra reconfirms its 2025 consolidated guidance, projecting **47,000-53,000 boepd** production, **$240-280 million** in capital expenditures, and **$20 million** free cash flow under a **$75/bbl** Brent oil price base case 2025 Consolidated Guidance (Base Case) | Metric | Base Case | | :-------------------------------- | :-------- | | Brent Oil Price ($/bbl) | 75.00 | | WTI Oil Price ($/bbl) | 71.00 | | AECO Natural Gas Price ($CAD/thousand cubic feet) | 2.50 | | Production (boepd) | 47,000-53,000 | | Operating Netback ($ million) | 430-470 | | EBITDA ($ million) | 380-420 | | Cash Flow ($ million) | 260-300 | | Capital Expenditures ($ million) | 240-280 | | Free Cash Flow ($ million) | 20 | | Number of Development Wells (gross) | 10-14 | | Number of Exploration Wells (gross) | 6-8 | Budgeted Costs per boe (2025) | Cost Category | Costs per boe ($/boe) | | :---------------------- | :-------------------- | | Lifting | 12.00-14.00 | | Workovers | 1.50-2.50 | | Transportation | 1.00-2.00 | | General and Administration | 2.00-3.00 | | Interest | 4.00-4.50 | | Current Tax | 2.00-3.00 | [Country-Specific 2025 Guidance](index=4&type=section&id=Country-Specific%202025%20Guidance) Gran Tierra's 2025 country-specific guidance projects Canada contributing **18-19 kboepd**, Colombia **25-27 kboepd**, and Ecuador **4-7 kboepd**, with Colombia expected to have the highest realized price and operating netback 2025 Budget by Country - Base Case | Metric | Canada | Colombia | Ecuador | | :-------------------------- | :------- | :------- | :------- | | Production (kboepd) | 18 - 19 | 25 - 27 | 4 - 7 | | Realized Price ($/boe) | 22 - 24 | 51 - 53 | 43 - 45 | | Operating and Transportation Expense ($/boe) | 10 - 12 | 19 - 21 | 12 - 14 | | Operating Netback ($/boe) | 10 - 14 | 30 - 34 | 29 - 33 | - Canada's production is comprised of approximately **50% natural gas, 21% oil, and 29% natural gas liquids**[13](index=13&type=chunk) [Supplementary Information](index=6&type=section&id=Supplementary%20Information) This section provides detailed financial and operational tables, definitions of non-GAAP measures, clarifications on oil and gas information, forward-looking statements, and corporate contact details [Detailed Financial and Operational Tables](index=6&type=section&id=Detailed%20Financial%20and%20Operational%20Tables) This section offers comprehensive financial and operational data, including consolidated results and specific breakdowns for South American and Canadian operations, enabling detailed performance analysis [Consolidated Financial Data](index=6&type=section&id=Consolidated%20Financial%20Data) This section presents consolidated financial data for Gran Tierra, including net income, sales, operating netback, Adjusted EBITDA, cash from operations, capital expenditures, and production Consolidated Financial Data (Three Months Ended) | Metric | March 31, 2025 | March 31, 2024 | December 31, 2024 | | :------------------------------------------ | :------------- | :------------- | :---------------- | | Net Income (Loss) ($000s) | $(19,280) | $(78) | $(34,210) | | Oil, Natural Gas and NGL Sales ($000s) | $170,533 | $157,577 | $147,290 | | Operating Netback ($000s) | $96,268 | $104,527 | $82,241 | | Adjusted EBITDA ($000s) | $85,162 | $94,792 | $76,168 | | Net Cash Provided by Operating Activities ($000s) | $73,230 | $60,827 | $26,607 | | Capital Expenditures ($000s) | $94,727 | $55,331 | $78,579 | | Average Daily WI Production Before Royalties (boe/d) | 46,647 | 32,242 | 41,009 | | Cash Netback ($/boe) | $13.04 | $25.13 | $11.90 | [South American Operational Data](index=8&type=section&id=South%20American%20Operational%20Data) This section provides detailed operational data for Gran Tierra's South American operations, including oil sales, operating netback, production, and royalty rates South American Operational Data (Three Months Ended) | Metric | March 31, 2025 | March 31, 2024 | December 31, 2024 | | :------------------------------------------ | :------------- | :------------- | :---------------- | | Oil Sales ($000s) | $138,671 | $157,577 | $128,335 | | Operating Netback ($000s) | $83,540 | $104,527 | $73,607 | | Average Daily WI Production Before Royalties (boe/d) | 29,686 | 32,242 | 29,695 | | Royalties, % of WI Production Before Royalties | 20% | 20% | 19% | | Operating Netback ($/boe) | $30.79 | $35.37 | $27.61 | - South American average realized price was **$51.11/bbl** in Q1 2025, **down from $53.32/bbl** in Q1 2024[17](index=17&type=chunk) [Canadian Operational Data](index=9&type=section&id=Canadian%20Operational%20Data) This section details operational data for Gran Tierra's Canadian operations, including oil, natural gas, and NGL sales, operating netback, production, and royalty rates Canadian Operational Data (Three Months Ended) | Metric | March 31, 2025 | March 31, 2024 | December 31, 2024 | | :------------------------------------------ | :------------- | :------------- | :---------------- | | Oil Sales ($000s) | $21,269 | $— | $14,832 | | Natural Gas Sales ($000s) | $7,561 | $— | $3,546 | | NGL Sales ($000s) | $7,997 | $— | $4,193 | | Operating Netback ($000s) | $12,728 | $— | $8,634 | | Average Daily WI Production Before Royalties (boe/d) | 16,961 | $— | 11,314 | | Royalties, % of WI Production Before Royalties | 13% | —% | 14% | | Operating Netback ($/boe) | $8.33 | $— | $8.30 | - Gran Tierra entered Canada with the **acquisition of i3 Energy**, which closed **October 31, 2024**, hence no comparative data for Q1 2024[20](index=20&type=chunk) - Canadian average realized price for crude oil was **$65.23/bbl**, natural gas **$1.69/mcf**, and NGLs **$17.67/bbl** in Q1 2025[19](index=19&type=chunk) [Non-GAAP Measures Definitions and Reconciliations](index=9&type=section&id=Non-GAAP%20Measures%20Definitions%20and%20Reconciliations) This section defines and reconciles non-GAAP financial measures, including Funds Flow from Operations, Operating Netback, Net Debt, Cash Netback, EBITDA, and Adjusted EBITDA, which provide supplemental financial performance information - **Non-GAAP measures** like Funds Flow from Operations, Operating Netback, Net Debt, Cash Netback, EBITDA, and Adjusted EBITDA are used to analyze financial performance but do not have standardized meanings under GAAP[19](index=19&type=chunk)[31](index=31&type=chunk) - Operating netback is defined as **oil sales less operating and transportation expenses**[32](index=32&type=chunk) - Cash netback is defined as **net income or loss adjusted for various non-cash items** and other specific expenses/gains[33](index=33&type=chunk) - EBITDA is **net income adjusted for DD&A, interest, and income tax**; Adjusted EBITDA **further adjusts for non-cash lease expense, lease payments, foreign exchange, stock-based compensation, transaction costs, other gains/losses, and unrealized derivative instruments**[33](index=33&type=chunk) [Presentation of Oil and Gas Information](index=15&type=section&id=Presentation%20of%20Oil%20and%20Gas%20Information) This section clarifies the presentation of oil and gas information, including boe conversion ratios, preliminary well test results, and the definition of "potential drilling opportunities," emphasizing their non-indicative nature for future commercial recovery - Boe conversion ratio of **6 Mcf natural gas to 1 boe** is based on **energy equivalency, not value equivalency** at the wellhead, and may be misleading if used in isolation[35](index=35&type=chunk) - Well test results and log interpretations are **preliminary** and **not necessarily indicative of long-term performance, ultimate recovery, or commercial quantities**[36](index=36&type=chunk) - "**Potential drilling opportunities**" refer to **unbooked locations internally estimated for drilling**, with **no certainty of resulting in additional reserves, resources, or production**[39](index=39&type=chunk) [Forward-Looking Statements and Legal Advisories](index=11&type=section&id=Forward-Looking%20Statements%20and%20Legal%20Advisories) This section outlines forward-looking statements regarding business strategy, capital spending, liquidity, and commodity prices, highlighting material factors, assumptions, and risks that could cause actual results to differ - The press release contains **forward-looking statements** regarding business strategy, capital spending, liquidity, and commodity prices, based on expectations and assumptions about operational, regulatory, and industry conditions[26](index=26&type=chunk) - Important factors that could cause actual results to differ materially include **operational difficulties** (e.g., guerilla activity, strikes), **global and regional changes in demand/supply/prices**, **commodity price volatility**, and **geopolitical events**[27](index=27&type=chunk)[28](index=28&type=chunk) - Gran Tierra **disclaims any intention or obligation to update or revise forward-looking statements**, except as required by applicable law, and cautions that financial outlooks should not be used for purposes other than those disclosed[29](index=29&type=chunk)[30](index=30&type=chunk) [Corporate Information and Contacts](index=11&type=section&id=Corporate%20Information%20and%20Contacts) This section provides details on upcoming events, corporate resources, and contact information, including the Q1 2025 results conference call, sustainability report, and investor relations contacts - Gran Tierra will host its **first quarter 2025 results conference call** on Friday, **May 2, 2025**, at 9:00 a.m. Mountain Time[21](index=21&type=chunk) - The **2024 Sustainability Report and Corporate Presentation** are available on the Company's website[22](index=22&type=chunk)[23](index=23&type=chunk) - Gran Tierra Energy Inc. is an **independent international energy company** focused on oil and natural gas exploration and production in **Canada, Colombia, and Ecuador**, with common stock trading on NYSE American, TSX, and LSE under GTE[24](index=24&type=chunk)