Gran Tierra Energy (GTE) Corporate presentation summary

Transaction overview and strategic repositioning

• Completed $1.33 billion divestiture of Colombia and Ecuador assets, with $315 million in cash proceeds and all debt assumed by the buyer, resulting in a debt-free balance sheet and $80 million in annual interest savings.

• Pro-forma net asset value (NAV) per share rises to $12.49, an 83% premium to the 20-day VWAP, with 97% of after-tax 2P NPV10 realized.

• Capital is now focused on Canadian assets and a new operated exploration position in Azerbaijan, with a simplified structure and lower overhead.

• Share repurchase program is planned, conditional on transaction closing and stockholder approval.

• Transaction expected to close by December 2026, pending regulatory and stockholder approvals.

Asset portfolio and growth opportunities

• Canadian portfolio includes 12,000–13,000 boepd production, 86 MMBOE 2P reserves, 80 MMBOE 2C contingent resources, and 67 MMBOE P50 prospective resources across over 500,000 net acres.

• Four core areas in Alberta: Central (multi-zone), Clearwater (heavy oil), Wapiti (liquids-rich deep basin), and Mount Head (Mississippian light oil exploration).

• Clearwater ranks as one of the top economic oil plays in North America, with significant waterflood EOR upside and low breakeven costs.

• Mount Head offers 93.6 MMbbl P50 OOIP and 11.7 MMbbl P50 prospective resources, with proven light oil system and accessible infrastructure.

• Azerbaijan entry secured with a 65% working interest and operatorship in a proven basin, offering five years for exploration and 25 years for development.

Financial and operational highlights

• Q2 2026 Canadian production is ~14 MBOEPD, with a cash balance of $127 million and a C$75 million undrawn credit facility.

• NAV per share post-transaction: $13.52 (1P), $17.96 (2P), reflecting a meaningful premium to the pre-transaction share price.

• Canadian contingent resources include 80 MMBOE unrisked 2C and 0.3 Tcf unrisked 3C natural gas, providing long-term optionality.

• Operating netback for 2026 forecasted at $51 million, with a strong focus on capital discipline and cash flow generation.

• Rating agencies improved outlook post-acquisition, with credit facility capacity unchanged.