•Operating Netback of $101 million and Adjusted EBITDA of $9300萬(1)(4)
•Exited the Quarter with $27800萬 in Cash
•Entered into new credit facility for further liquidity which is currently undrawn
CALGARY, ALBERTA, November 4, 2024, Gran Tierra Energy Inc. (「Gran Tierra」 or the 「Company」) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) announced the Company’s financial and operating results for the quarter ended September 30, 2024 (“YoY change”). All dollar amounts are in United States dollars, and production amounts are on an average working interest (“WI”) before royalties basis unless otherwise indicated. Per barrel (“桶”) and bbl per day (“每日油桶數”) amounts are based on WI sales before royalties. For per bbl amounts based on net after royalty (“扣除皇權後的淨數有關詳情,請查閱2024年11月4日提交的Gran Tierra季度10-Q表格。
◦控制支出,同時繼續在我們認爲對長期成功至關重要的領域進行投資。On October 31, 2024, Gran Tierra completed its acquisition of i3 Energy. Gran Tierra is integrating the Canadian operations and are forecasting an active Q4 2024, including drilling 19 gross wells (8.4 net), targeting each of its core operating areas in Central Ab, Simonette, Clearwater and Wapiti.
◦控制支出,同時繼續在我們認爲對長期成功至關重要的領域進行投資。The Company drilled 2 gross (2 net) horizontal Dunvegan oil wells at Simonette. These high-impact 2-mile wells are currently being stimulated and are expected to be brought on stream in late November. With success, Gran Tierra can drill 2 additional Dunvegan development wells in 2025.
◦控制支出,同時繼續在我們認爲對長期成功至關重要的領域進行投資。Clearwater activity commenced in mid-October with the Company’s first operated Clearwater multilateral well at Dawson (100% working interest). The 8-leg multilateral horizontal well (1187000萬 of total lateral length) was a follow-up to the Company’s initial 6-leg (750000萬 of total lateral length) discovery at Dawson. The 8-leg well follow-up multilateral was located structurally up-dip of the discovery well and encountered high quality reservoir throughout while drilling. The well will be placed on production imminently as the rig has skidded to and spud the third Clearwater well from the same pad. The Company has been working to secure multiple pad sites at East Dawson to facilitate future expansion of the field, upon further operational success. Following these two wells the rig will move to Walrus and drill 2 prospective Falher sands.
◦控制支出,同時繼續在我們認爲對長期成功至關重要的領域進行投資。與2024年10月31日i3 Energy收購完成相關,公司修訂並重新簽訂了於2024年3月22日與National Bank of Canada簽訂的i3 Energy Canada Ltd.(「i3 Energy Canada」)現有循環信貸協議。 作爲修訂和重新簽訂的結果,借款基礎已調整爲C$10000萬(US$7410萬),包括C$5000萬(US$3700萬)的循環信貸額度,由C$3500萬(US$2590萬)聯合設施和C$1500萬(US$1110萬)的運營設施構成。 根據下一次借款基礎重審,將在2025年6月30日或之前進行,循環信貸額度有效期至2025年10月31日,償還日期爲2026年10月31日,可經由進一步最多364天的期限延長,需經借款人批准。 該設施未動用。
4. Gas-oil ratio and standard cubic feet per stock tank barrel.
5. thousand bbls of oil and based on production up to November 1, 2024.
◦控制支出,同時繼續在我們認爲對長期成功至關重要的領域進行投資。The drilling rig has been moved from the Charapa Block and mobilized to the Chanangue Block to drill two wells - the Zabaleta-K1 and Zabaleta Oeste-K1 exploration wells. The Zabaleta-K1 well is located four kilometers (“公里”) to the east of the Arawana-J1 well drilled earlier this year and is 200 feet up structure. The well spud on October 22 2024, and we have currently drilled to 9,488 feet. Both wells will target the Basal Tena formation as well as assess potential in the t-Sand, U-Sand and b-Limestone.
•製作: Gran Tierra的總平均WI產量,在2024年10月31日生效的i3收購之前,爲32,764桶油/日,與2024年第二季度一致,「上季度」。在本季度,由於Acordionero油田因涉及作業中斷導致產量下降,部分抵消了哥倫比亞Costayaco油田的增產,以及由於一次成功的勘探鑽井活動導致厄瓜多爾的Chanangue和Charapa區塊產量增加。
•石油銷售: Gran Tierra的石油銷售額爲15100萬美元,比2023年第三季度下降了16%,這主要是由於布倫特原油價格走低、Castilla、Vasconia和Oriente原油差價增加,以及由於產量減少導致銷售量下降了4%。與上一季度相比,石油銷售額下降了9%,主要是由於布倫特原油價格下降了7%,Castilla、Oriente和Vasconia原油差價上升,部分抵銷了銷售量增加了1%。
•營業費用: Gran Tierra的營業費用 下降了2%,至4600萬美元,相較於上個季度 主要是由於工程費用減少,而上漲的提取成本主要與厄瓜多爾庫存波動有關。Co 與上一季度相比 低 工程成本抵消 更高的提取成本,主要與厄瓜多爾庫存波動有關。Co與 第三2024年1季度淨收入爲297萬美元,較2023年1季度減少35.8萬美元,或10.8%,較2023年4季度增加23.2萬美元,或8.5%。, 營業費用 減少在影響基金股份的事件中。 7%(1)除去SG&A佔毛利潤的百分比調整外,不考慮上述SG&A的影響。 4900萬美元, 主要是由於與發電、設備租賃和道路維護相關的提升成本降低,部分抵消了更高的修復活動. On a per bbl basis, operating expense 減少在影響基金股份的事件中。 2% when compared to the 第三 quarter of 2023 and decreased by 4% when compared to the Prior Quarter.
Gran Tierra將於2024年11月4日星期一美國山區時間上午9:00、東部時間上午11:00舉行2024年第三季度業績電話會議。有興趣的人士可以通過註冊以下鏈接參加電話會議: https://https://register.vevent.com/register/BIc9cc718f582741cbbf0eb2cfe5a231b1。電話會議也可以通過網頁直播在www.grantierra.com上觀看。
企業介紹:
Gran Tierra的企業介紹已更新,並可在公司網站www.grantierra.com上查看。
聯繫信息
有關投資者和媒體的查詢,請聯繫:
Gary Guidry
總裁兼首席執行官
Ryan Ellson
Executive Vice President & Chief Financial Officer
+1-403-265-3221
info@grantierra.com
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 www.grantierra.com. 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’s Securities and Exchange Commission (the “SEC”) filings are available on the SEC website at http://www.sec.gov. The Company’s Canadian securities regulatory filings are available on SEDAR+ at http://www.sedarplus.ca and Uk regulatory filings are available on the National Storage Mechanism website at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Forward Looking Statements and Legal Advisories:
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, “前瞻性陳述”). All statements other than statements of historical facts included in this press release regarding our business strategy, plans and objectives of our management for future operations, capital spending plans and benefits of the changes in our capital program or expenditures, our liquidity and financial condition, and those statements preceded by, followed by or that otherwise include the words 「expect,」 「plan,」 「can,」 「will,」 「should,」 「guidance,」 「forecast,」 「budget,」 「estimate,」 「signal,」 「progress」 and 「believes,」 derivations thereof and similar terms identify forward-looking statements. In particular, but without limiting the foregoing, this press release contains forward-looking statements regarding: the Company’s leverage ratio target, the Company’s plans regarding strategic investments, acquisitions, including the anticipated benefits and operating synergies expected from the acquisition of i3 Energy, and growth, the Company’s drilling program and capital expenditures and the Company’s expectations of commodity prices, including future gas pricing in Canada, exploration and production trends and its positioning for 2024. The forward-looking statements contained in this press release reflect several material factors and 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, pricing and cost estimates (including with respect to commodity pricing and exchange rates), the ability of Gran Tierra to successfully integrate the assets and operations of i3 Energy or realize the anticipated benefits and operating synergies expected from the acquisition of i3 Energy, the general continuance of assumed operational, regulatory and industry conditions in Canada, Colombia and Ecuador, and the ability of Gran Tierra to execute its business and operational plans in the manner currently planned.
Operating netback, as presented, is defined as oil sales less operating and transportation expenses. See the table entitled Financial and Operational Highlights above for the components of consolidated operating netback and corresponding reconciliation.
Return on average capital employed as presented is defined as earnings before interest and taxes ("EBIT"; annualized, if the period is other than one year) divided by average capital employed (total assets minus cash and current liabilities; average of the opening and closing balances for the period).
截至9月30日的三個月
Twelve Month Trailing September 30,
截至9月30日,
Return on Average Capital Employed - (Non-GAAP) Measure ($000s)
2024
2024
2024
淨利潤
$
1,133
$
45,137
調整以解對淨利潤與EBIT之間的差異:
利息費用
19,892
74,503
所得稅費用
20,767
34,589
EBIT
$
41,792
$
154,229
總資產
$
1,533,378
減少流動負債
263,492
減少現金及現金等價物
277,645
資本僱用
$
992,241
年化息稅前利潤*
$
167,168
除以平均資本運用
992,241
992,241
資本僱用平均回報率
17
%
16
%
*2024年9月30日結束的三個月的年化息稅前利潤是通過將當季息稅前利潤乘以4來計算的。
所示的現金淨回報被定義爲經調整後的淨利潤或虧損,包括 DD&A 費用、遞延所得稅費用或收入、股票-based 補償費用或收入、債務發行成本攤銷、非現金租賃費用、租賃付款、未實現外匯收益或損失以及其他收益或損失。管理層認爲,營業淨回報和現金淨回報是投資者分析財務表現、了解 Gran Tierra 主要業務活動產生的結果的有用補充指標,並提供了在考慮其他收入和支出之前的指標。從淨利潤或虧損到現金淨回報的調節如下:
Net debt as of September 30, 2024, was $50900萬, calculated using the sum of the aggregate principal amount of 6.25% Senior Notes, 7.75% Senior Notes, and 9.50% Senior Notes outstanding, excluding deferred financing fees, totaling $78700萬, less cash and cash equivalents of $27800萬.
石油和天然氣信息的陳述
All reserves value and ancillary information contained in this press release regarding Gran Tierra (not including reserves value and ancillary information regarding i3 Energy) have been prepared by the Company’s independent qualified reserves evaluator McDaniel & Associates Consultants Ltd. (“McDaniel”) in a report with an effective date of December 31, 2023 (the “Gran Tierra McDaniel Reserves Report並且按照加拿大國家法案51-101號——石油和天然氣活動披露標準(以下簡稱「NI 51-101」)和加拿大石油和天然氣評估手冊(以下簡稱「COGEH」)的規定進行計算,除非另有明確說明。關於i3能源的所有儲量價值和附屬信息均由i3能源獨立合格評估師GLJ有限公司(以下簡稱「GLJ」)準備,在具有2024年7月31日有效日期的公允市場價值報告中。NI 51-101並且按照加拿大國家法案51-101號——石油和天然氣活動披露標準(以下簡稱「NI 51-101」)和加拿大石油和天然氣評估手冊(以下簡稱「COGEH」)的規定進行計算,除非另有明確說明。COGEH除非另有明確說明,關於i3 Energy的所有儲量價值和附屬信息均由i3 Energy獨立合格儲量評估師GLJ有限公司(以下簡稱「GLJ」)在具有2024年7月31日有效日期的公允市場價值報告中準備。GLJ並且按照加拿大國家法案51-101號——石油和天然氣活動披露標準(以下簡稱「NI 51-101」)和加拿大石油和天然氣評估手冊(以下簡稱「COGEH」)的規定進行計算,除非另有明確說明。i3能源GLJ報告”)並按照NI 51-101和COGEH標準計算,除非另有明確說明。
本新聞稿中討論的儲量類別包括:已被證實的(“1P”),1P加概估的(“2P預測2P加可能(”3PProved Developed Producing(”PDP”是可以很大程度上估計可回收的儲量。實際回收的剩餘數量很可能超過估計的已被證明的儲備。概率儲量是比已被證明的儲量更不確定能夠回收的額外儲量。實際回收的剩餘數量是否超過估計的已被證明加上概率儲量的總和或更少一樣可能。可能儲量是比概率儲量更不確定能夠回收的額外儲量。有10%的可能性實際回收的數量將等於或超過已被證明加上概率加上可能儲量的總和。已開發的生產儲量是指那些預計要從在估計時間項目開放的完井間隔中回收的已被證明的儲量。這些儲量可能正在生產中,或者如果停產,則必須先前曾生產,並且恢復生產的日期必須能夠合理確定。本新聞發佈中使用但未定義的某些術語在NI 51-101、CSA工作人員通告51-324—用於石油和天然氣活動披露的標準的修改術語表(”CSA工作人員通告51-324”和/或COGEH,並且除非上下文要求,應在此具有與NI 51-101、CSA工作人員通告51-324和COGEH中相同的含義。
個別地產的儲備估計可能不反映出同等置信水平的所有地產的儲備估計,這是由聚合效應所致。無法保證McDaniel或GLJ在評估Gran Tierra或i3 Energy的儲備時所應用的預測價格和成本假設將被實現,差異可能很大。估算原油和天然氣儲備數量存在許多不確定性。Gran Tierra McDaniel儲備報告和i3 Energy GLJ報告中提供的儲備信息僅爲估算,無法保證已估算的儲備將被回收。實際儲備可能大於或小於其中提供的估算。Gran Tierra McDaniel儲備報告中分配的所有儲備位於哥倫比亞和厄瓜多爾,並按外國地理區域的合併方式呈現。
Booked drilling locations of i3 Energy disclosed herein are derived from the i3 Energy GLJ Report and account for drilling locations that have associated 2P reserves.
References to a formation where evidence of hydrocarbons has been encountered is not necessarily an indicator that hydrocarbons will be recoverable in commercial quantities or in any estimated volume. Gran Tierra’s reported production is a mix of light crude oil and medium and heavy crude oil for which there is not a precise breakdown since the Company’s oil sales volumes typically represent blends of more than one type of crude oil. Well test results should be considered as preliminary and not necessarily indicative of long-term performance or of ultimate recovery. Well log interpretations indicating oil and gas accumulations are not necessarily indicative of future production or ultimate recovery. If it is indicated that a pressure transient analysis or well-test interpretation has not been carried out, any data disclosed in that respect should be considered preliminary until such analysis has been completed. References to thickness of 「oil pay」 or of a formation where evidence of hydrocarbons has been encountered is not necessarily an indicator that hydrocarbons will be recoverable in commercial quantities or in any estimated volume.
This press release contains certain oil and gas metrics, including operating netback and cash netback, which do not have standardized meanings or standard methods of calculation and therefore such measures may not be comparable to similar
measures used by other companies and should not be used to make comparisons. These metrics are calculated as described in this press release and management believes that they are useful supplemental measures for the reasons described in this press release.
Such metrics have been included herein to provide readers with additional measures to evaluate the Company’s performance; however, such measures are not reliable indicators of the future performance of the Company and future performance may not compare to the performance in previous periods.