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(1) Gran Tierra’s fourth quarter-to-date 2022 boe net to Echo during the period, including wells are reopened with the workover rig now
total Company average production is for the 74,127 barrels of oil and condensate and 1,909 being upgraded.
nine-day period of October 1-9, 2022. mcf of gas. The Company looks forward to continuing to
(2) Net debt is a non-GAAP measure and Notwithstanding production disruption update shareholders on production levels on a
does not have standardised meanings under resulting from certain facilities being unavailable quarterly basis.
generally accepted accounting principles in the as upgrades to infrastructure have been made, Echo Energy, October 11 2022
United States of America (GAAP). Refer to Non- net production in Q3-2022 increased from
GAAP Measures in this press release for descrip- Q2-2022 levels.
tions of these non-GAAP measures and, where Net liquids production in Q3-2022 averaged PROJECTS & COMPANIES
applicable, reconciliations to the most directly 276 bpd of oil, (Q2-2022: 272 bpd of oil) and rep-
comparable measures calculated and presented resents the eighth consecutive quarter of liquid Touchstone announces
in accordance with GAAP. production growth.
Gran Tierra Energy, October 11 2022 Net gas production averaged 6.9 mcf per day first natural gas production
during Q3-2022, up on Q2-2022 (6.8 mcf per
Echo Energy announces day). Q3-2022 production was directly impacted from onshore Coho field
as a result of the Oceano field production being
Q3-2022 production and brought temporarily offline due to additional Touchstone Exploration has announced that
infrastructure upgrades focused on increasing the Coho facility has safely delivered first nat-
operational update the amount of available sales gas, including the ural gas, representing the first onshore natural
reconfiguration of the compressor to utilise elec-
gas project to come onstream in Trinidad and
Echo Energy, the Latin American focused tricity from the newly installed generator rather Tobago in over twenty years. The Coho area is
energy company, has provided a production than gas. Additionally, production across other located in the Ortoire block, where Touchstone
update regarding its Santa Cruz Sur assets, fields was impacted during the installation and has an 80% operating working interest and Her-
onshore Argentina, for Q3-2022. commissioning of the new generators which as itage Petroleum Company holds the remaining
As previously announced, the Company has previously announced has now been successfully 20% working interest.
made significant progress during the quarter on completed. On September 26, 2022, the Coho facil-
the Production and Infrastructure Enhance- The ability of the various measures already ity was approved by the Certified Verification
ment Plan priorities. The first operational prior- undertaken to improve infrastructure is evident Agent with the Trinidad and Tobago Ministry of
ity under the Plan has been successfully achieved in increased production capacity. In the twelve- Energy and Energy Industries promptly author-
with all three power generation units fully day period following completion of the works ising facility commissioning.
operational. Work on the second operational described above, net gas production averaged On September 27, 2022, we commenced
milestone has commenced with maintenance 7.9 mcf per day and net liquids production aver- commissioning and achieved commercial
and optimisation of the existing compressors. aged 320 bpd of oil, equating to an average net deliveries on October 10, 2022, with a field esti-
The third operational priority, upgrading the 1,638 boepd over that same period. This rep- mated sustained gross production rate of approx.
Eagle workover rig which will be used for the resents a significant increase over the average 10.5mn cubic feet per day (approximately 8.4mn
well opening campaign, also began during the production levels of 1,398 boepd for Q2-2022 cubic feet per day net).
quarter. immediately prior to the announcement of the Touchstone will continue to monitor the
Q3-2022 Production Update: Production Production and Infrastructure Enhancement Coho-1 well in an effort to optimise production.
over the period from January 1, 2022, to Septem- Plan. It remains the Company’s expectation that In conjunction with initial production, we have
ber 30, 2022, has reached an aggregate of 392,253 production will increase materially as shut in sold the 2.7-km, 6-inch gathering line tying in
our Coho facility to the Baraka natural gas facil-
ity to National Gas Co. of Trinidad and Tobago
Ltd (NGC). Natural gas production from the
Coho facility will be sold to NGC pursuant to a
natural gas sales agreement executed in Decem-
ber 2020.
Paul Baay, President and CEO, commented:
“This is very exciting for the Company, as Coho
production represents the first stage of diversify-
ing our product mix in Trinidad. The Coho facil-
ity is capable of 24mn cubic feet of gross natural
gas per day, giving us the ability to potentially
add incremental production volumes through a
combination of additional drilling and well opti-
misation. I would also like to recognise the col-
lective contributions of our team in making this
project a success. Being the first onshore gas pro-
ject in over twenty years, we have learnt from the
process, which we expect will provide a strong
foundation for continuous improvement as we
proceed with our larger Cascadura project.”
Touchstone Exploration, October 11 2022

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