LONDON BRIEFING: Gran Tierra makes GBP174 million offer for i3 Energy
20th Aug 2024 07:49
(Alliance News) - Stocks in London are called to open lower on Tuesday, as investors look ahead to a key inflation reading from the eurozone. Read More
(Alliance News) - Stocks in London are called to open lower on Tuesday, as investors look ahead to a key inflation reading from the eurozone. Read More
(Alliance News) - Gran Tierra Energy Inc on Monday hailed another oil discovery in Ecuador, its third this year. Read More
Gran Tierra Energy Inc - oil and gas exploration and production company focused on the acquisition and development of energy assets in South America - Announces test results from Arawana-J1 well in Ecuador, showing that its Cohembi field in Colombia's South Putumayo Basin is the closest analogue to the Arawana field area by closure, thickness, rock and fluid properties. However, Arawana has lower oil viscosity due to its higher gas to oil ratio, "which is excellent for enhanced oil recovery by waterflooding while providing natural gas for power generation". Company also updates on drilling operations; says that as of Monday, the Bocachico Norte-J1 well is drilling ahead at around 6,670 feet. Once this is complete, the rig will move to drill three exploration wells at the Charapa Block, before returning to the Chanangue block to drill the additional Zabaleta-K1 and Zabaleta Oeste-K1 exploration wells. Read More
(Alliance News) - Gran Tierra Energy Inc on Tuesday said that its 2023 sales had been hit by sinking oil prices, though the company hopes that its scheduled drilling programmes in 2024 will improve its fortunes. Read More
Gran Tierra Energy Inc - Calgary, Canada-based and South America-focused oil and gas company - Prices offering of an additional USD100 million principle amount of previously issued 9.5% senior secured amortising notes due 2029, in a private placement to institutional buyers. Company previously had outstanding aggregate USD487.6 million of 9.5% notes due in 2029. New notes will have same terms and provisions as original notes, apart from their issue price. Company expects to close the offering on February 6, and to receive net proceeds of approximately USD88.3 million. Read More
(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News: Read More
Gran Tierra Energy Inc - company focused on oil and gas exploration and production in Colombia and Ecuador - Says regarding 6.25% senior notes due 2025, so far tendered USD249.7 million of USD271.9 million, with total principal amount accepted for exchange being USD247.1 million. For 7.75% senior notes due 2027, so far tendered USD276.4 million of USD300.0 million, with a total principal amount accepted for exchange at USD275.8 million. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Gran Tierra Energy Inc on Friday said its contract for the Suroriente block has been extended for a further 20-year period. Read More
(Alliance News) - Gran Tierra Energy Inc on Tuesday said production was up in the second quarter so far as it continues to bring wells online. Read More
(Alliance News) - Gran Tierra Energy Inc late Tuesday said it signed a contract agreement with Ecopetrol SA, Colombia's largest oil company, extending a contract by 20 years. Read More
Gran Tierra Energy Inc - Calgary, Canada-based oil and gas explorer & producer - Chief Executive Officer Gary Guidry buys 150,000 shares at USD0.86 each, worth USD129,000, in Toronto on Friday. Read More
(Alliance News) - Gran Tierra Energy Inc on Thursday announced its 2023 capital expenditure budget and production guidance. Read More
(Alliance News) - Gran Tierra Energy Inc on Tuesday said four of its recently drilled prospects are producing oil, offering future development opportunities. Read More
Gran Tierra Energy Inc - focused on oil and gas exploration and production in Colombia and Ecuador - Signs new credit facility via two Colombian subsidiaries. "The facility replaces Gran Tierra's previous credit facility that had a borrowing base of USD150 million," firm explains. Aim of the facility is to provide financial flexibility. Credit facility is with Singapore-based multinational commodity trader Trafigura Group Pte Ltd, Gran adds. The facility lasts until August 2024 but can be extended to February 2025. Interest on the facility is a risk-free secured overnight financing rate plus 6.0% per year. Read More
(Alliance News) - Gran Tierra Energy Inc on Tuesday it has fully repaid its credit facility as it produced more oil in its second quarter. Read More
(Correcting closing share price date to Tuesday instead of Monday.) Read More