Gran Tierra reports 2023 proved reserves of 74.3 MMBOE, production up 6% to 32,647 BOPD

GRAN TIERRA ENERGY INC.

Proved reserves 74.3 MMBOE at Dec 31, 2023, up 12% from 66.3 MMBOE in 2022.
FY 2023 avg production 32,647 BOPD (+6% YoY); Q4 2023 avg 31,309 BOPD.
Estimated net debt $510.8M as of Dec 31, 2023 (senior notes $536.6M, credit facility $36.4M, cash $62.2M).
FY 2023 estimated revenue $637M, operating netback $435.5M, adjusted EBITDA $390-410M.
Repurchased 2,370,454 shares (7.1% of outstanding) during 2023.

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