other material
confidence high
sentiment positive
materiality 0.65
Gran Tierra 2022 avg prod ~30,800 BOPD (in guidance); Q4 avg 32,600 BOPD (+10% YoY); debt cut $87.6M
GRAN TIERRA ENERGY INC.
- 2022 total average production ~30,800 BOPD, within guidance; December exit rate ~33,800 BOPD.
- Q4 2022 avg production ~32,600 BOPD, a 10% increase from Q4 2021.
- First Moqueta development well produced at stable avg 1,312 BOPD; second well spud Jan 3, 2023.
- Repurchased ~23 million shares (~6.2% of shares outstanding) in 2022.
- Reduced total debt by $87.6M in 2022, cumulative $210.1M reduction over two years.