- Third Quarter 2022 Average Production of 30,391 BOPD, Auf 5% from a year ago
- Average fourth quarter production to date 2022(1) from 32,291 BOPD
- net income from $39 Million, $168 million in the last 12 months
- Adjusted EBITDA(2) from $121 million, up 48% Year for year, $462 million in the last 12 months
- Net cash from operations of $109 million, up 82% year for year
- Cash flow from operations(2) from $94 million, up 36% Year for year, $350 million in the last 12 months
- Free cash flow(2)from $37 Million, $146 million in the last 12 months
- cash balance from $118 million and net debt(2) from $462 million, off 09/30/2022
- Exploration in Colombia: Rose-1 drilled and tested, rig mobilized for Gaitas-2 exploration well
- Exploration in Ecuador: First two exploration wells drilled in Ecuador, the first well is producing oil and the second well is to be tested
CALGARY, Alberta, Nov. 1, 2022 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) GTEGTEGTE today announced the Company’s financial and operating results for the quarter ended September 30, 2022 (“the quarter“). All dollar amounts are in U.S. dollars and production amounts are at an average working rate (“WI“) before royalties unless otherwise noted. Per barrel (“bbl“) and bbl per day (“BOPD“) Amounts are based on WI sales before royalties. For per barrel amounts are based on net after royalties (“NAR“) Production, see Gran Tierra’s Quarterly Report on Form 10-Q filed November 1, 2022.
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