Gran Tierra Energy (GTE) Corporate presentation summary

Strategic positioning and business model

• Operates as a diversified, full-cycle oil and gas producer with a focus on long-term value creation and capital discipline.

• Maintains a balanced portfolio across Canada, Colombia, Ecuador, and Azerbaijan, with a mix of growth and mature assets.

• Prioritizes free cash flow generation and debt reduction, leveraging higher oil prices for deleveraging.

• Demonstrates top quartile safety performance and continuous operational improvement.

Asset base and reserves

• Q1 2026 production averaged ~45,000 BOEPD, with reserves diversified: 1P at 131 MMBOE (8-year RLI), 2P at 234 MMBOE (14-year RLI).

• 100% operated assets in South America and Azerbaijan, and ~83% operated in Canada.

• Net present value after tax (NPV10) for 1P reserves is $1.1B and for 2P reserves is $1.7B.

• Achieved over 100% South American PDP and 2P reserve replacement for seven consecutive years.

Financial performance and guidance

• 2026 revised guidance targets 40,000–45,000 BOEPD, with $95–115M free cash flow at $84 Brent, directed to debt reduction.

• Lifting costs are projected at $14–15/boe, with operating netback of $345–395M and EBITDA of $235–275M.

• Net debt as of March 31, 2026, is $481M, with a staggered bond maturity profile extending to 2031.

• Maintains credit ratings of B+ (Fitch) and B (S&P), with a $54M undrawn Canadian credit facility.