Gran Tierra sells LatAm oil assets to Maurel & Prom for US$1.3 billion

Gran Tierra Energy (GTE) seeks consent from noteholders to amend its $479.4M 9.750% Senior Secured Amortizing Notes due 2031. The changes support a previously announced asset sale, allowing the purchaser to assume obligations, release collateral, and update financial reporting standards. Noteholders may receive a $2.50 consent fee per $1,000 principal if amendments are approved by September 22, 2026.

Gran Tierra Energy (GTE) agreed to sell its Colombia and Ecuador oil business to Maurel & Prom for $1.33 billion. The deal includes the assumption of liabilities, leaving Gran Tierra debt-free with $250 million in cash. The company plans to return capital to shareholders and focus on growth in Canada and Azerbaijan. The transaction values the divested business at $1.33 billion and is expected to close by December 31, 2026.

Gran Tierra Energy (GTE) seeks approval to sell its Colombia and Ecuador assets for $1.33B to Maurel & Prom Andina. The deal includes cash, debt assumption, and a note. GTE plans to use proceeds to reduce debt and invest in Canada and Azerbaijan. Completion requires stockholder and regulatory approvals. The board recommends voting for the sale, citing a fairness opinion from BofA Securities.

Maurel & Prom signed a definitive share purchase agreement to buy Gran Tierra Energy CI GmbH, a wholly owned unit of Gran Tierra Energy, which holds Gran Tierra’s assets and operations in Colombia and Ecuador. Terms were not disclosed. Maurel & Prom said the deal supports its growth strategy by combining existing production with development, appraisal, and exploration opportunities.

An investor group affiliated with EPIM amended a Schedule 13D for Gran Tierra Energy (NYSE: GTE). According to the filing, it used about $25.5 million to buy shares and now beneficially owns 4,781,471 shares, about 13.5% of 35,380,429 shares outstanding. The filing notes board changes involving Brad Virbitsky and possible future position adjustments.

Gran Tierra Energy agreed to sell its Colombia and Ecuador oil and gas assets to Établissements Maurel & Prom for an enterprise value of $1.33bn. The deal includes assets producing 29,026 bopd (H1 2026) and about 144 million barrels of 2P reserves as of Dec. 31, 2025, plus 1.4 million gross acres. M&P targets 40,000 bopd by 2029-30. Closing expected around Dec. 31, 2026.