Gran Tierra Energy Inc. has announced that its subsidiaries, Gran Tierra Energy Ecuador 1 GmbH and Gran Tierra Energy Ecuador 2 GmbH, have entered into definitive agreements to acquire GeoPark Ecuador S.A.'s and Frontera Energy Colombia Corp Sucursal Ecuador's interests in the Perico and Espejo Blocks in Ecuador's Oriente Basin. The acquisition, valued at $15.55 million, is expected to close no earlier than the fourth quarter of 2025, pending customary closing conditions and regulatory approvals. The transaction includes an additional contingent consideration of $1.5 million based on production milestones. The acquired blocks currently produce approximately 2,000 barrels of oil per day. Gran Tierra plans to leverage this acquisition to expand its presence in the region and enhance its operational synergies.
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