Gran Tierra Energy Inc Reports Record Production and Strategic Prepayment Facility

Gran Tierra Energy Inc reported record production, with a 30% YoY increase to 42,685 BOE per day, driven by Canadian acquisitions and exploration success in Ecuador. The company also secured a $150 million prepayment facility backed by Ecuadorian crude production and generated $48 million in operating cash flow. However, production was impacted by external events, and the company forecasts production at the lower end of its guidance range. Gran Tierra Energy Inc ended the quarter with a net debt position of approximately $755 million.