Gran Tierra Energy Inc. Announces Closing of Strategic Joint Venture Transaction and Partnership With Logan Energy Corp. to Accelerate Value in High-Impact Canadian Montney Oil Play
Gran Tierra Energy Inc. Announces Closing of Strategic Joint Venture Transaction and Partnership With Logan Energy Corp. to Accelerate Value in High-Impact Canadian Montney Oil Play
CALGARY, Alberta, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE American:GTE)(TSX:GTE)(LSE:GTE) is pleased to announce that Gran Tierra (by way of its wholly-owned subsidiary) has completed its previously announced strategic joint venture transaction and partnership (the "Transaction") with Logan Energy Corp. ("Logan") (TSXV:LGN). Pursuant to the Transaction, Gran Tierra and Logan entered into a purchase and sale agreement whereby Logan acquired a 50% working interest and operatorship of a portion of Gran Tierra's Simonette Montney assets (the "Assets") for approximately C$52 million in cash, subject to customary adjustments. Gran Tierra will retain the remaining 50% working interest in the Assets.
卡爾加里,阿爾伯塔省,2024年12月17日(環球新聞)—— Gran Tierra Energy Inc.(「Gran Tierra」或「公司」)(紐交所美國:GTE)(TSX:GTE)(倫敦證券交易所:GTE)很高興宣佈,Gran Tierra(通過其全資子公司)已完成先前宣佈的與Logan Energy CORP.(「Logan」)(TSXV:LGN)的戰略合資交易和夥伴關係(「交易」)。根據交易,Gran Tierra和Logan簽署了購銷協議,Logan獲得了Gran Tierra的Simonette Montney資產(「資產」)的50%工作權益和運營權,現金約爲5200萬加元,具體金額以慣常調整爲準。Gran Tierra將保留資產中剩餘的50%工作權益。
The Transaction is expected to provide a growth-focused platform to advance Gran Tierra's Montney development and is aligned with the Company's corporate strategy of long-term value creation.
該交易預計將提供一個以增長爲重點的平台,以推進Gran Tierra的Montney開發,並與公司的長期價值創造企業戰略相一致。
Contact Information
聯繫信息
For investor and media inquiries please contact:
對於投資者和媒體的查詢,請聯繫:
Gary Guidry
President & Chief Executive Officer
加里·吉德里
總裁兼首席執行官
Ryan Ellson
Executive Vice President & Chief Financial Officer
瑞安·艾爾森
執行副總裁兼財務長
+1-403-265-3221
info@grantierra.com
+1-403-265-3221
info@grantierra.com
About Gran Tierra Energy Inc.
關於Gran Tierra Energy Inc.
Gran Tierra Energy Inc. together with its subsidiaries is an independent international energy company currently focused on oil and natural gas exploration and production in Canada, Colombia and Ecuador. The Company is currently developing its existing portfolio of assets in Canada, Colombia and Ecuador and will continue to pursue additional new growth opportunities that would further strengthen the Company's portfolio. The Company's common stock trades on the NYSE American, the Toronto Stock Exchange and the London Stock Exchange under the ticker symbol GTE. Additional information concerning Gran Tierra is available at . Except to the extent expressly stated otherwise, information on the Company's website or accessible from our website or any other website is not incorporated by reference into and should not be considered part of this press release. Investor inquiries may be directed to info@grantierra.com or (403) 265-3221.
Gran Tierra能源公司及其子公司是一家獨立的國際能源公司,目前專注於在加拿大、哥倫比亞和厄瓜多爾的石油和天然氣勘探與生產。該公司目前正在開發其在加拿大、哥倫比亞和厄瓜多爾的現有資產組合,並將繼續追求進一步增強公司組合的額外新增長機會。公司的普通股在美國紐約證券交易所、加拿大多倫多證券交易所和倫敦證券交易所的逐筆明細爲GTE。有關Gran Tierra的其他信息可在獲取。除非另有明確說明,否則公司網站上或從我們網站或任何其他網站可訪問的信息不納入並不應視爲本新聞稿的一部分。投資者詢問請聯繫info@grantierra.com或(403) 265-3221。
Gran Tierra's Securities and Exchange Commission (the "SEC") filings are available on the SEC website at The Company's Canadian securities regulatory filings are available on SEDAR+ at and UK regulatory filings are available on the National Storage Mechanism website at .
Gran Tierra的證券交易委員會("SEC")文件可在SEC網站上獲取。公司的加拿大證券監管文件可在SEDAR+上獲取,英國監管文件可在國家儲存機制網站上獲取。
Forward-Looking Statements and Legal Advisories:
前瞻性聲明和法律告示:
This press release contains opinions, forecasts, projections, and other statements about future events or results that constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and financial outlook and forward-looking information within the meaning of applicable Canadian securities laws (collectively, "forward- looking statements"). Forward looking statements often use words such as "anticipate", "target", "expect", "estimate", "intend", "plan", "strategy", "focus", "envision", "goal", "believe", "hope", "aims", "continue", "will", "may", "should", "would", "could", or other words of similar meaning. In particular, but without limiting the foregoing, this press release contains forward- looking statements regarding the benefits of the Transaction and the business strategy, plans and objectives of Gran Tierra. The forward-looking statements contained in this press release reflect material factors, expectations and assumptions of Gran Tierra including, without limitation, that Gran Tierra will continue to conduct its operations in a manner consistent with its current expectations, the performance of Logan as operator of the Assets, and the ability of Gran Tierra to execute its business and operational plans in the manner currently planned.
This press release contains opinions, forecasts, projections, and other statements about future events or results that constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and financial outlook and forward-looking information within the meaning of applicable Canadian securities laws (collectively, "forward- looking statements"). Forward looking statements often use words such as "anticipate", "target", "expect", "estimate", "intend", "plan", "strategy", "focus", "envision", "goal", "believe", "hope", "aims", "continue", "will", "may", "should", "would", "could", or other words of similar meaning. In particular, but without limiting the foregoing, this press release contains forward- looking statements regarding the benefits of the Transaction and the business strategy, plans and objectives of Gran Tierra. The forward-looking statements contained in this press release reflect material factors, expectations and assumptions of Gran Tierra including, without limitation, that Gran Tierra will continue to conduct its operations in a manner consistent with its current expectations, the performance of Logan as operator of the Assets, and the ability of Gran Tierra to execute its business and operational plans in the manner currently planned.
Among the important factors that could cause our actual results to differ materially from the forward-looking statements in this press release include, but are not limited to performance by Logan as operator in a manner different than currently expected by the Company and the factors detailed from time to time in Gran Tierra's periodic reports filed with the Securities and Exchange Commission, including, without limitation, under the caption "Risk Factors" in Gran Tierra's Annual Report on Form 10-K for the year ended December 31, 2023 filed February 20, 2024, and its other filings with the SEC. These filings are available on the SEC website at http://www.sec.gov and on SEDAR+ at .
Among the important factors that could cause our actual results to differ materially from the forward-looking statements in this press release include, but are not limited to performance by Logan as operator in a manner different than currently expected by the Company and the factors detailed from time to time in Gran Tierra's periodic reports filed with the Securities and Exchange Commission, including, without limitation, under the caption "Risk Factors" in Gran Tierra's Annual Report on Form 10-k for the year ended December 31, 2023 filed February 20, 2024, and its other filings with the SEC. These filings are available on the SEC website at http://www.sec.gov and on SEDAR+ at .
The forward-looking statements contained in this press release are based on certain assumptions made by Gran Tierra based on management's experience and other factors believed to be appropriate. Gran Tierra believes these assumptions to be reasonable at this time, but the forward-looking statements are subject to risk and uncertainties, many of which are beyond Gran Tierra's control, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Each forward-looking statement speaks only as at the date of this announcement. Gran Tierra disclaims any intention or obligation to update or correct the information contained in this announcement (whether as a result of new information, future events or otherwise), except as required by applicable law or by the rules of any competent regulatory authority.
本新聞稿中包含的前瞻性聲明是基於Gran Tierra基於管理層經驗和其他認爲合適的因素做出的某些假設。Gran Tierra認爲這些假設在此時是合理的,但這些前瞻性聲明受到風險和不確定性的影響,其中許多超出了Gran Tierra的控制範圍,這可能導致實際結果與前瞻性聲明所暗示或表述的結果有重大差異。每個前瞻性聲明僅在本公告之日有效。Gran Tierra不對更新或更正本公告中包含的信息(無論是由於新信息、未來事件還是其他原因)承擔任何意圖或義務,除非法律或任何主管監管機構的規則要求。