Gran Tierra Energy (GTE) investor relations material

Strategic positioning and business model

• Operates as a diversified, full-cycle oil and gas producer with assets in South America, Canada, and Azerbaijan, focusing on long-term value creation and free cash flow generation.

• Maintains a balanced portfolio with both growth and mature assets, emphasizing cost discipline and operational efficiency through technology and best practice sharing.

• Prioritizes sustainability, safety, and social license, achieving top quartile safety performance and active community engagement.

• Focuses on deleveraging, using free cash flow and asset sale proceeds for bond buybacks and debt reduction.

Asset base and reserves

• Holds a diversified asset base across Colombia, Ecuador, Canada, and Azerbaijan, with 1P reserves of 142 MMBOE and 2P reserves of 258 MMBOE as of year-end 2025.

• Reserve life index stands at 8 years (1P) and 15 years (2P), with after-tax NPV10 of $1.1B (1P) and $1.8B (2P).

• Canadian assets include significant contingent resources, notably 74 MMBOE unrisked 2C and 0.3 Tcf unrisked 3C natural gas resources.

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

Financial performance and capital allocation

• 2026 capital program targets 8-10 development wells and 8-10 exploration wells, with a base case Brent price of $65/bbl and production guidance of 42,000-47,000 BOEPD.

• Base case 2026 free cash flow projected at $60-80 million, with EBITDA of $325-375 million.

• Restructured debt profile with $533 million proforma net debt, extended maturities, and improved liquidity following a bond exchange.

• Maintains a rolling 12-month hedging program, targeting 30-50% of oil and gas volumes hedged in the first half of 2026.