This is a low-capex, high-synergy bolt-on that adds near-term production (est. ~1,225 boepd net at current rates) and meaningful upside from waterflood expansion into adjacent fields. The $15M Phase 1 spend is modest relative to Gran Tierra's scale. Monitor Q1 2027 for Phase 1 completion and first entitlement production; the 49% incremental production share beyond base is the key value driver.
Price Chart
Executive Summary
Gran Tierra announced it has satisfied all conditions precedent to its Tisquirama block contract with Ecopetrol S.A., earning a 49% working interest in a block in Colombia's Middle Magdalena Valley Basin, with Phase 1 capital of at least $15 million and planned waterflood expansion expected to reach first production entitlement by Q1 2027. The asset averaged ~2,500 boepd gross in 2025 and is adjacent to Gran Tierra's operated Acordionero field, creating operational synergies.
Key Financial Metrics
Key Facts
- Gran Tierra has satisfied all conditions precedent to the Tisquirama block contract with Ecopetrol S.A.
- Gran Tierra will earn a 49% working interest in the Tisquirama block, containing the Tisquirama and San Roque fields.
- Fields averaged approximately 2,500 boepd gross in 2025.
- Phase 1 requires a minimum of $15 million in gross capital expenditure and continuous water injection, anticipated to be achieved by Q1 2027.
- Upon completion of Phase 1, Gran Tierra receives 49% of existing base production plus 49% of incremental production.
- Fields are adjacent to Gran Tierra's operated Acordionero field, enabling operational synergies like integrated water management and potential gas-to-power projects.
Financial Impact
$15 million minimum Phase 1 capital commitment; 49% working interest in a 2,500 boepd gross asset (about 1,225 boepd net at 49% before expansion).
Risk Factors
- Regulatory and operational execution risk in Colombia, including potential delays to Phase 1 capital program or water injection.
- Commodity price volatility could impact economics of the development program.
- Production decline from fields before waterflood benefits materialize.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3301704 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 18d ago | 8-K | $10.52 $10.62 | ▲ +0.95% | ▲ +0.96% | $11.49 (+9.22%) |
Oct 7, 2026 20d ago | DEFA14A | $10.49 $10.58 | ▲ +0.86% | ▲ +0.26% | $11.49 (+9.53%) |
Oct 5, 2026 22d ago | Press Release | $10.46 $10.37 | ▼ −0.86% | ▼ −0.62% | $11.49 (+9.85%) |
Sep 23, 2026 4w ago | DEFA14A | $9.97 $10.18 | ▲ +2.11% | ▲ +2.19% | $11.49 (+15.25%) |
Sep 23, 2026 4w ago | Press Release | $9.97 $10.18 | ▲ +2.11% | ▲ +2.19% | $11.49 (+15.25%) |
Sep 11, 2026 6w ago | Press Release | $10.79 $10.57 | ▼ −2.04% | ▼ −1.59% | $11.49 (+6.49%) |
Aug 13, 2026 10w ago | Insider Cluster | $9.19 $9.38 | ▲ +2.07% | ▲ +2.54% | $11.49 (+25.03%) |
Aug 11, 2026 11w ago | Insider Cluster | $9.35 $9.50 | ▲ +1.60% | ▲ +0.91% | $11.49 (+22.89%) |
Aug 10, 2026 11w ago | Insider Cluster | $9.53 $9.35 | ▼ −1.89% | ▼ −2.14% | $11.49 (+20.57%) |
Aug 7, 2026 11w ago | Insider Cluster | $8.95 $9.53 | ▲ +6.48% | ▲ +6.80% | $11.49 (+28.38%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers