Gran Tierra Energy Completes Sale of 50% Stake in Simonette Montney Assets in Canada to Logan Energy

MT Newswires Live

2024/12/17

Gran Tierra Energy (GTE) said Tuesday that it completed the sale of a 50% stake and operatorship of a portion of its Simonette Montney assets in Alberta, Canada to Logan Energy for 52 million Canadian dollars ($36.3 million) in cash.

The deal is part of a previously announced joint venture transaction and partnership with Logan Energy.

Gran Tierra also said it will maintain a 50% working interest in the assets.

Shares of Gran Tierra were down more than 2% in recent Tuesday trading.

Price: 6.50, Change: -0.19, Percent Change: -2.84

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