Gran Tierra to Invest $47.1M Net for 49% Interest in 2,500 boepd Colombian Fields
Gran Tierra Energy will earn a 49% working interest in Ecopetrol’s Tisquirama block by investing $47.1M net in a $92.4M carry program over 40 months, targeting fields that produced 2,500 boepd in 2025 with potential to exceed 13,000 boepd gross. The board shrank from nine to five directors.
1. Strategic Partnership Agreement
Gran Tierra has signed a contract to earn a 49% working interest in the Tisquirama block by funding a $92.4 million carry program, of which it will invest $47.1 million net over 40 months. The block’s Tisquirama and San Roque fields produced 2,500 boepd in 2025 and could exceed 13,000 boepd gross using waterflood, infill drilling and modern horizontal techniques leveraged from the adjacent Acordionero operations.
2. Annual Meeting and Board Restructuring
The company scheduled its 2026 annual meeting as a virtual-only event on May 8. Four directors—Evan Hazell, Sondra Scott, David Smith and Brad Virbitsky—resigned simultaneously, reducing the board from nine to five members.