Gran Tierra Energy Inc. Announces Closing of Strategic Joint Venture Transaction and Partnership with Logan Energy Corp. to Accelerate Value in High-Impact Canadian Montney Oil Play
2024年12月17日 - 11:20PM
Gran Tierra Energy Inc.
(“Gran Tierra” or
the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) is
pleased to announce that Gran Tierra (by way of its wholly-owned
subsidiary) has completed its previously announced strategic joint
venture transaction and partnership (the
“
Transaction”) with Logan Energy Corp.
(“
Logan”) (TSXV:LGN). Pursuant to the Transaction,
Gran Tierra and Logan entered into a purchase and sale agreement
whereby Logan acquired a 50% working interest and operatorship of a
portion of Gran Tierra's Simonette Montney assets (the
“
Assets”) for approximately C$52 million in cash,
subject to customary adjustments. Gran Tierra will retain the
remaining 50% working interest in the Assets.
The Transaction is expected to provide a
growth-focused platform to advance Gran Tierra's Montney
development and is aligned with the Company's corporate strategy of
long-term value creation.
Contact
Information
For investor and media inquiries please
contact:
Gary GuidryPresident & Chief Executive
Officer
Ryan EllsonExecutive Vice President & Chief
Financial Officer
+1-403-265-3221info@grantierra.com
About Gran
Tierra Energy
Inc.
Gran Tierra Energy Inc. together with its
subsidiaries is an independent international energy company
currently focused on oil and natural gas exploration and production
in Canada, Colombia and Ecuador. The Company is currently
developing its existing portfolio of assets in Canada, Colombia and
Ecuador and will continue to pursue additional new growth
opportunities that would further strengthen the Company's
portfolio. The Company's common stock trades on the NYSE American,
the Toronto Stock Exchange and the London Stock Exchange under the
ticker symbol GTE. Additional information concerning Gran Tierra is
available at www.grantierra.com. Except to the extent expressly
stated otherwise, information on the Company's website or
accessible from our website or any other website is not
incorporated by reference into and should not be considered part of
this press release. Investor inquiries may be directed to
info@grantierra.com or (403) 265-3221.
Gran Tierra's Securities and Exchange Commission
(the “SEC”) filings are available on the SEC
website at http://www.sec.gov. The Company's Canadian securities
regulatory filings are available on SEDAR+ at
http://www.sedarplus.ca and UK regulatory filings are available on
the National Storage Mechanism website at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Forward-Looking
Statements and
Legal Advisories:
This press release contains opinions, forecasts,
projections, and other statements about future events or results
that constitute forward-looking statements within the meaning of
the United States Private Securities Litigation Reform Act of 1995,
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, and
financial outlook and forward-looking information within the
meaning of applicable Canadian securities laws (collectively,
“forward- looking statements”).
Forward looking statements often use words such as “anticipate”,
“target”, “expect”, “estimate”, “intend”, “plan”, “strategy”,
“focus”, “envision”, “goal”, “believe”, “hope”, “aims”, “continue”,
“will”, “may”, “should”, “would”, “could”, or other words of
similar meaning. In particular, but without limiting the foregoing,
this press release contains forward- looking statements regarding
the benefits of the Transaction and the business strategy, plans
and objectives of Gran Tierra. The forward-looking statements
contained in this press release reflect material factors,
expectations and assumptions of Gran Tierra including, without
limitation, that Gran Tierra will continue to conduct its
operations in a manner consistent with its current expectations,
the performance of Logan as operator of the Assets, and the ability
of Gran Tierra to execute its business and operational plans in the
manner currently planned.
Among the important factors that could cause our
actual results to differ materially from the forward-looking
statements in this press release include, but are not limited to
performance by Logan as operator in a manner different than
currently expected by the Company and the factors detailed from
time to time in Gran Tierra's periodic reports filed with the
Securities and Exchange Commission, including, without limitation,
under the caption “Risk Factors” in Gran Tierra's Annual Report on
Form 10-K for the year ended December 31, 2023 filed February 20,
2024, and its other filings with the SEC. These filings are
available on the SEC website at http://www.sec.gov and on SEDAR+ at
www.sedarplus.ca.
The forward-looking statements contained in this
press release are based on certain assumptions made by Gran Tierra
based on management's experience and other factors believed to be
appropriate. Gran Tierra believes these assumptions to be
reasonable at this time, but the forward-looking statements are
subject to risk and uncertainties, many of which are beyond Gran
Tierra's control, which may cause actual results to differ
materially from those implied or expressed by the forward-looking
statements. Each forward-looking statement speaks only as at the
date of this announcement. Gran Tierra disclaims any intention or
obligation to update or correct the information contained in this
announcement (whether as a result of new information, future events
or otherwise), except as required by applicable law or by the rules
of any competent regulatory authority.
Logan Energy (TSXV:LGN)
過去 株価チャート
から 11 2024 まで 12 2024
Logan Energy (TSXV:LGN)
過去 株価チャート
から 12 2023 まで 12 2024