Gran Tierra reports 7th consecutive year of South America reserves growth; 2P reserves 258 MMBOE

GRAN TIERRA ENERGY INC.

Proved reserves 112 MMBOE (-17% YoY) due to Canadian natural gas reclassification to contingent resources.
2P reserves 258 MMBOE; PDP reserve replacement >100% in South America for 7th consecutive year.
NPV10 before tax: $1.5B (1P), $2.5B (2P); NAV per share $22.63 (1P before tax).
Average daily working interest production 38,448 BOEPD, up 38% YoY.
Glauconitic unrisked 2C contingent resources 74 MMBOE; 118 MMBOE unrisked mean prospective resources in Colombia & Ecuador.

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