One-Page Deal Sheet
Gran Tierra to Acquire Putumayo E&P PetroGranada Ltd.
Gran Tierra Energy, Inc. PetroGranada Limited
Announced Date
January 15,2016
Close Date
January 25,2016
Transaction Type
Corporate
Enterprise Value (EV)($MM)
19
Asset/Basin:
{"Putumayo Basin"}
TargetZones:
{"N Sands"}
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
South America
Country
Colombia
Play
Production & Reserves Reserves
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Gran Tierra Energy Inc. has entered into an agreement with PetroGranada Limited to acquire all of the issued and outstanding shares of PetroGranada Colombia Limited.
Subject to approval by the Agencía Nacíonal de Hidrocarburos of Colombia, PGC holds a full 50% undivided working interest in the exploration and production contract for the Putumayo-7 block, in the Putumayo Basin of Colombia. Consideration for the Acquisition is $19 million, subject to customary adjustments, to be paid on the closing of the Acquisition. In addition, the Company has agreed to pay an additional $4 million to PGC…
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