secwatch.observer — SEC 8-K summary
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Issuer:     GRAN TIERRA ENERGY INC. (GTE)
CIK:        0001273441
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0001104659-23-006535
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gran Tierra Energy reports 126% 1P reserves replacement; 1P NAV per share up 77% to $4.62
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- Added 14 MMBOE 1P (126% replacement), 17 MMBOE 2P (148%), 31 MMBOE 3P (280%); exploration added 5 MMBOE 1P.
- 1P NPV10 before tax $2.05B (+26% YoY); 2P NPV10 $3.0B (+25% YoY); 1P NAV/share $4.62 (+77%).
- 2023 YTD avg production ~33,000 bopd, within guidance of 32,000-34,000 bopd.
- Acordionero development well costs avg ~$1.1M/well, down 47% from 2019; workover costs down 51%.
- Reserve life index: 7 years (1P), 11 (2P), 15 (3P); three-year avg F&D PDP $11.69/boe.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1273441/000110465923006535/0001104659-23-006535-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1273441/000110465923006535/tm234212d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-006535

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer