EX-99.1 4 gte-20231231.htm EX-99.1 Document

Exhibit 99.1

Extractive Sector Transparency Measures Act - Annual Report
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Reporting Entity NameGran Tierra Energy Inc.
Reporting YearFrom:1/1/2023To:12/31/2023Date Submitted5/29/2024
Reporting Entity ESTMA Identification NumberE742342● Original Submission
○ Amended Report
Other Subsidiaries Included (optional field)
Not Consolidated
Not Substituted
Attestation by Reporting Entity
In accordance with the requirement of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.
Full Name of Director or Officer of Reporting EntityRyan EllsonDate5/29/2024
Position TitleChief Financial Officer and Executive Vice President








Extractive Sector Transparency Measures Act- Annual Report
Reporting YearFrom:2023-01-01To: 2023-12-31
Reporting Entity NameGran Tierra Energy Inc. Currency of the ReportUSD
Reporting entity ESTMA Identification NumberE74342
Subsidiary Reporting Entities (if necessary)
Payments by Payee
CountryPayee NameDepartments. Agency, etc… within Payee that Received PaymentsTaxesRoyaltiesFeesProduction Entitlements BonusesDividendsInfrastructure Improvement PaymentsTotal Amount paid to PayeeNotes
ColombiaNATIONAL GOVERNMENT OF COLOMBIA NATIONAL HYDROCARBON AGENCY OF COLOMBIA — 145,160,150 — — — — 145,160,150 Paid in Colombian Pesos.Translated at the 2023 average foreign exchange rate of 4325.05:1 USD
ColombiaNATIONAL GOVERNMENT OF COLOMBIA DIRECTORATE OF NATIONAL TAXES AND CUSTOMS OF COLOMBIA 108,318,283 — — — — — 108,318,283 Paid in Colombian Pesos.Translated at the 2023 average foreign exchange rate of 4325.05:1 USD
ColombiaNATIONAL GOVERNMENT OF COLOMBIA— — 1,435,982 — — — 1,435,982 Paid in Colombian Pesos.Translated at the 2023 average foreign exchange rate of 4325.05:1 USD
ColombiaMUNICIPALITY OF PUERTO ASIS412,336 — — — 794,268 — — 1,206,604 Paid in Colombian Pesos.Translated at the 2023 average foreign exchange rate of 4325.05:1 USD
ColombiaMUNICIPALITY OF MOCOA370,955 — — — 430,535 — — 801,490 Paid in Colombian Pesos.Translated at the 2023 average foreign exchange rate of 4325.05:1 USD
ColombiaMUNICIPALITY OF SAN MARTIN317,717 — — — 432,137 — — 749,854 Paid in Colombian Pesos.Translated at the 2023 average foreign exchange rate of 4325.05:1 USD
ColombiaMUNICIPALITY OF VILLAGARZON294,184 — — — 439,977 — — 734,161 Paid in Colombian Pesos.Translated at the 2023 average foreign exchange rate of 4325.05:1 USD
ColombiaMUNICIPALITY OF RIO DE ORO112,646 — — — 169,476 — — 282,122 Paid in Colombian Pesos.Translated at the 2023 average foreign exchange rate of 4325.05:1 USD
ColombiaINDIGENOUS COMMUNITY OF CABILDO AWA— — — — 216,751 — — 216,751 Paid in Colombian Pesos.Translated at the 2023 average foreign exchange rate of 4325.05:1 USD
ColombiaINDIGENOUS COMMUNITY OF RESGUARDO INGA WASIPUNGO— — — — 198,001 — — 198,001 Paid in Colombian Pesos.Translated at the 2023 average foreign exchange rate of 4325.05:1 USD



ColombiaMUNICIPALITY OF PUERTO GUZMAN117,674 — — — 71,360 — — 189,034 Paid in Colombian Pesos.Translated at the 2023 average foreign exchange rate of 4325.05:1 USD
ColombiaMUNICIPALITY OF PIAMONTE117,674 — — — 23,641 — — 141,315 Paid in Colombian Pesos.Translated at the 2023 average foreign exchange rate of 4325.05:1 USD
ColombiaDISTRICT OF BOGOTA139,012 — — — — — — 139,012 Paid in Colombian Pesos.Translated at the 2023 average foreign exchange rate of 4325.05:1 USD
ColombiaMUNICIPALITY OF RIONEGRO— — — — 131,975 — — 131,975 Paid in Colombian Pesos.Translated at the 2023 average foreign exchange rate of 4325.05:1 USD
ColombiaINDIGENOUS COMMUNITY ORGANIZATION (ORCONEPUL)— — — — 86,410 — — 86,410 Paid in Colombian Pesos.Translated at the 2023 average foreign exchange rate of 4325.05:1 USD
EcuadorGOVERNMENT OF ECUADORMINISTRY OF ENERGY AND NON-RENEWABLE NATURAL RESOURCES OF ECUADOR— 10,388,278 357,000 — — — — 10,745,278 Paid in USD
EcuadorGOVERNMENT OF ECUADORSECRETARIAT OF HIGHER EDUCATION, SCIENCE, TECHNOLOGY AND INNOVATION— — 300,000 — — — — 300,000 Paid in USD
EcuadorGOVERNMENT OF ECUADORINTERNAL REVENUE SERVICE380,688 — — — — — — 380,688 Paid in USD
United States of AmericaSTATE OF DELAWAREDELAWARE SECRETARY OF STATE252,058 — — — — — — 252,058 Paid in USD
Additional Notes:Royalty payments include the following amounts of royalties in-kind: $86,687,102 for Middle Magdalena Basin, $50,077,746 for Putumayo Basin and $301,693 for Llanos Basin in Colombia and $9,735,779 for Oriente Basin in Ecuador. Royalties in-kind were calculated using royalty volumes multiplied by 2023 average realized prices of $67.11 per barrel for Colombia and $73.58 per barrel in Ecuador.











Extractive Sector Transparency Measures Act- Annual Report
Reporting YearFrom:2023-01-01To:2023-12-31
Reporting Entity NameGran Tierra Energy Inc.Currency of the Report USD
Reporting Entity ESTMA Identification NumberE742342
Subsidiary Reporting Entities (if necessary)
Payments by Project
CountryProject NameTaxesRoyaltiesFeesProduction EntitlementsBonusesDividendsInfrastructure Improvement PaymentsTotal Amount paid by ProjectNotes
ColombiaENTITY WIDE110,200,481 — 173,826 — — — — 110,374,307 Paid in Colombian Pesos.Translated at the 2023 average foreign exchange rate of 4325.05:1 USD
ColombiaMIDDLE MAGDALENA BASIN— 89,831,037 248,616 — 733,588 — — 90,813,241 Paid in Colombian Pesos.Translated at the 2023 average foreign exchange rate of 4325.05:1 USD
ColombiaPUTUMAYO BASIN— 54,651,565 768,647 — 2,260,943 — — 57,681,155 Paid in Colombian Pesos.Translated at the 2023 average foreign exchange rate of 4325.05:1 USD
ColombiaLLANOS BASIN— 677,548 230,570 — — — — 908,118 Paid in Colombian Pesos.Translated at the 2023 average foreign exchange rate of 4325.05:1 USD
ColombiaLOWER MAGDALENA BASIN— — 14,323 — — — — 14,323 Paid in Colombian Pesos.Translated at the 2023 average foreign exchange rate of 4325.05:1 USD
EcuadorORIENTE BASIN380,688 10,388,278 657,000 — — — — 11,425,966 Paid in USD
United States of AmericaENTITY WIDE252,058 — — — — 252,058 Paid in USD
Additional Notes: Royalty payments include the following amounts of royalties in-kind: $86,687,102 for Middle Magdalena Basin, $50,077,746 for Putumayo Basin and $301,693 for Llanos Basin in Colombia and $9,735,779 for Oriente Basin in Ecuador. Royalties in-kind were calculated using royalty volumes multiplied by 2023 average realized prices of $67.11 per barrel for Colombia and $73.58 per barrel in Ecuador.