Gran Tierra Energy (GTE) Corporate presentation summary

Strategic positioning and business model

• Operates as a full-cycle oil and gas producer with a diversified portfolio across Canada, Colombia, Ecuador, and Azerbaijan, focusing on long-term value creation and free cash flow generation.

• Maintains cost discipline through global benchmarking and technology, with rapid sharing of best practices across geographies.

• Portfolio includes both growth and mature assets, with a balanced product mix and regional diversity.

• Emphasizes sustainability, top-quartile safety, and strong community engagement, earning a partner-of-choice reputation.

• Focuses on reducing debt, repurchasing bonds, and using free cash flow and asset sale proceeds for deleveraging.

Asset base, reserves, and production

• Q4 2025 production averaged ~46,000 BOEPD, with 82% liquids and 18% gas.

• 1P reserves at year-end 2025 were 142 MMBOE with an 8-year reserve life index; 2P reserves were 258 MMBOE with a 15-year RLI.

• After-tax NPV10 for 1P reserves was $1.1 billion, and for 2P reserves $1.8 billion.

• Assets are 100% operated in South America and ~83% operated in Canada, with significant acreage in both regions.

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

Financial strategy and 2026 outlook

• 2026 capital program targets material free cash flow, with production guidance of 42,000–47,000 BOEPD.

• Budgeted capital expenditures range from $110–160 million, with free cash flow projected between $10–140 million depending on commodity prices.

• Debt restructured via bond exchange, reducing near-term maturities and resulting in proforma net debt of $533 million at year-end 2025.

• Maintains a Canadian credit facility with a $72 million borrowing base and improved credit ratings.

• Hedging program covers 48–52% of 2026 oil production and 100% of gas production in early 2026.