Page 14 - LatAmOil Week 35 2022

LatAmOil NEWS IN BRIEF LatAmOil

The Debentures of the First Series will have the Toronto Stock Exchange (TSX) has approved and production in Colombia and Ecuador.
tax incentive set forth in article 2 of Law No. its notice of intention to make a normal course Gran Tierra Energy, August 29 2022
12,431, of June 24, 2011, as amended, given issuer bid for its shares of common stock.
that the infrastructure project described in the As of August 22, 2022, there were 368,871,685
Indenture was classified as a priority project by Shares issued and outstanding and the public PERFORMANCE
the Ministry of Mines and Energy (Ministério de float was 360,339,690 Shares.
Minas e Energia) through the Ordinance of the Pursuant to the Bid, Gran Tierra will be able New Stratus Energy reports
Secretariat of Petroleum, Natural Gas and Biofu- to purchase for cancellation up to 36,033,969
els of the Ministry of Mines and Energy (Portaria Shares, representing 10% of the public float, at record quarterly revenue,
da Secretaria de Petróleo, Gás Natural e Biocom- prevailing market prices at the time of purchase,
bustíveis do Ministério de Minas e Energia) No. through the facilities of the TSX or alternative funds flow, EBITDA, cash
53, dated of July 27, 2022, and published on the trading platforms in Canada, if eligible, or by
Official Gazzete (Diário Oficial da União) in July such other means as may be permitted by the and working capital
29, 2022. TSX, for a one-year period commencing on Sep-
In addition to the Material Fact released on tember 1, 2022 and ending on August 31, 2023. New Stratus Energy is pleased to announce its
July 20, 2022, the Company informs that Petro Gran Tierra may purchase up to 514,658 Shares financial and operating results for the three
Rio Jaguar signed certain hedge agreements on the TSX during any trading day, which rep- months ended June 30, 2022.
with the purpose of hedging currency exposures resents approximately 25% of 2,058,635, which Quarterly Highlights: Record quarterly rev-
relating to the Issuance. Therefore, the Issuance represents the average daily trading volume on enue of $33.2mn. Record quarterly funds flow
with the hedge agreements will result in an aver- the TSX for the most recently completed six cal- from operations1 of $20.8mn ($0.18 per share).
age dollarised cost of 6.79% per year and dura- endar months prior to the TSX’s acceptance of Record quarterly adjusted EBITDA of $19.7mn
tion of over than five years. the notice of the Bid. ($0.17 per share). Ended the quarter with a cash
This Material Fact is exclusively for informa- Gran Tierra may effect repurchases from balance of $26.4mn ($0.24 per share) and work-
tional purposes, in accordance with applicable time to time in the open market; provided that ing capital of $43.2mn ($0.38 per share).
law, and does not constitute, and must not be the aggregate purchase price under the Bid shall This is a non-GAAP financial measure or
interpreted as, for all legal purposes and effects, not exceed $37.5mn without further consider- non-GAAP ratio.
an effort to sell the Debentures and/or advertise ation of and approval by Gran Tierra’s board of The three months ended June 30, 2022,
the Offering. directors. marked the Corporation’s second quarter fol-
The terms used in this Material Fact that Management of Gran Tierra believes that lowing the acquisition of 100% of the shares of
are not defined herein have the same meaning the Shares, at times, have been trading in a price Repsol Ecuador, which closed on January 14,
set forth in the Company’s Board of Directors’ range which does not adequately reflect their 2022. In a robust commodity environment,
meeting, held July 12, 2022 and/or in the Inden- value in relation to Gran Tierra’s current oper- New Stratus was able to achieve record financial
ture, as the case may be. ations, growth prospects and financial posi- results for the quarter, including revenue, funds
PRIO, August 25 2022 tion. At such times, the purchase of Shares for flow from operations, adjusted EBITDA, cash
cancellation or to satisfy awards granted under and working capital.
Gran Tierra Energy Gran Tierra’s 2007 Equity Incentive Plan may be The record results were achieved despite
advantageous to stockholders by increasing the an 18-day nationwide labour strike which was
announces normal course value of the Shares. resolved at the end of June.
About Gran Tierra Energy: Gran Tierra
Environmental and Social Responsibility:
issuer bid Energy, together with its subsidiaries, is an inde- The Corporation also provided in its manage-
ment’s discussion and analysis, its Environmen-
pendent international energy company cur-
Gran Tierra Energy today announces that the rently focused on oil and natural gas exploration tal, Social and Governance (ESG) performance.

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